Big Spending McCain Going Broke

Carolyn Hileman* | June 10, 2007

Filed Under Eyes on 2008

McCain is concentrating heavily on the rich target of lawyers and lobbyists in Washington, D.C. They have been invited to multiple McCain fund-raising events held in the nation’s capital, currently a $1,000-a-ticket reception June 26 at the Capitol Hill Club with a potential “event co-chair” asked to raise $50,000. A large percentage of the Bush fund-raising team remains uncommitted, a signal that the Republican establishment is not satisfied with the present field seeking the party’s nomination. McCain’s money-raisers are hard put to reach the $10 million goal set for the second quarter of 2008 by the June 30 deadline, after collecting $12 million in the first quarter. McCain raised $2 million in April and $3 million in May, and is expected to reach $2-3 million in June — falling short of the $10 million goal and of what his opponents have raised.

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