Monday, September 15, 2008

More About Money

Politico:

While Obama's campaign coffers are brimming, an effort to funnel money into battleground state party committees lags far behind campaign goals and Republican giving.

Finally, McCain-friendly outside groups already are mobilizing and launching independent attack ads on the Illinois senator. Meanwhile, Obama has sent word to the Democratic community that he wouldn't welcome similar independent groups working on his behalf — essentially sidelining what could have been critical allies.

Those complex dynamics are likely to put additional pressure on Obama and his financing team. The enormity of the task is already fraying nerves in Chicago and eating into the Illinois senator’s campaign time as the campaign combs the country for both small and big donations.

“It’s a logistically challenging fundraising environment they face, because time is not on their side and their goals are so ambitious,” said Anthony Corrado, an expert on money and politics.

“Do the math. They have to raise about $3 million a day” to reach an estimated target of about $200 million, he added.

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