Wednesday, April 04, 2007

Worth a Mention

Republicans have traditionally held a fundraising advantage over their Democratic counterparts in presidential elections, to put it mildly. In 2000, Bush raised 43.6% more than Gore, and in 2004, as his popularity flagged, he still managed a 13.6% edge over Kerry as the cost of the election nearly doubled.

There's no similar head-to-head number yet for 2008, but the primary fundraising numbers suggest that the Democratic star may be on the rise. The three top-performing Republican hopefuls—Romney, Giuliani and McCain—raised 23, 15 and 12.5 million dollars respectively in the first quarter of 2007, for a total of $50.5 million.

The three top Democrats—Clinton, Obama and Edwards—raised 26, 25 and 14 million dollars respectively, for a total of $65 million. That's 28.7% more than the Republicans.

It might be early yet, but that can't be a good sign for a stable of GOP candidates who have inspired something short of outright enthusiasm from their base.

Still, no matter who's raising it, the thought of all that cash being wasted on politics makes the stomach turn.

(Historical fundraising data from opensecrets.org. Check out this page for some cool graphs on historical hard and soft fundraising totals for each party.)
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