McCain Gets $7 Million Bounce from Palin Pick

[Hope And Change]

McCain Gets $7 Million Bounce from Palin Pick

Posted at 2:55 PM ET on Aug 30, 2008

By Matthew Mosk

Sen. John McCain has taken in $7 million in contributions since announcing Gov. Sarah Palin as his running mate, a top campaign aide said today.

The money bounce may owe to Palin's appeal with conservative donors, many of whom said privately they had planned on sitting out the campaign this year. The money comes in just under the wire -- after McCain accepts the GOP nomination Thursday, he will accept public funds and no longer be permitted to raise private money for the campaign.

That will not, however, stop McCain and Palin from raising money for the Republican National Committee. In coming weeks, McCain will host four megafundraising events in major cities aimed at bolstering the accounts of the party. Palin, meanwhile, will be sent out to headline more than a dozen fundraising events for the RNC.

Shortly before Palin's announcement, one senior RNC official said McCain's pick "better like doing fundraising."

Like almost everything else she does, hosting these events will be something of a new experience for Palin. When running for governor of Alaska in 2006, Palin raised a total of just $468,400.

Incidentally, Bill Burton, a spokesman for Sen. Barack Obama, declined to reveal how much money the Democratic nominee took in after his speech to 84,000 supporters in Denver and 38 million television viewers.


http://voices.washingtonpost.com/the-trail/2008/08/30/mccain_gets_7_million_bounce_f.html?hpid=topnews

[spanone]

1. he's gonna need a couple hundred million to beat barack!!!!!!!!!and a vice president.

[krawhitham]

3. They have a cap correct?

Because the took public financing

[musicblind]

10. Yep

that is one place where we have a strong legit advantage ;)

[dontforgetpoland]

11. Sort of. If they donate to the RNC, they can use those funds for the general election

as well as public financing. RNC has about ~$70 cash on hand as of now.

McCain (public financing) + RNC = $86.4m + $110m (estimate till Nov) = ~$200m for the general election.

It's a broken system.

[GrizzlyMan]

15. Not all of that RNC money will be used for McCain

The RNC will have to spend some money on their senate and house campaigns (which look like the Repugs are going to take some heavy losses) as well.

[krawhitham]

2. MSNBC (tv) reported 4 million

[dontforgetpoland]

4. I wonder if they donate to McCain or RNC. Since public financing starts on Wed. I believe

[BlueIdaho]

5. Funny - Public Funding limits how much they can spend no matter how much they raise. nt.

[d_b]

6. something just occurred to me

What if part of the strategy was to get Alaskans to dump a hefty portion of their $3200 dividend into his campaign? What if that's why dividends are so high this year? WHAT IF SOYLENT GREEN IS PEOPLE

:tinfoilhat:

[LongDistanceRunner]

7. and he has to spend it all before the end of next week

[rwheeler31]

8. Good to see the fundies throwing their money away.

[eShirl]

9. that's it?

huh.

[hasssan1]

12. I Smell BULLL SHIT

[musicblind]

13. That is scary :(

[quakerboy]

14. I wonder... what does a McCain "mega fundraiser" look like?

I'm guessing its one posh hotel room with a couple people that have last names we would all instantly recognize.

[BrklynLiberal]

16. How much had its origin in Big Oil...its employees and CEOs?

[dkofos]

17. $7 million overnight. I believe that like I believe it's her baby.