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McCain's Burn Rate Shoots Up

By Matthew Mosk
Republican Sen. John McCain spent more money in June than he took in, a sign that his campaign began undergoing a major expansion last month, according to the monthly campaign finance report he filed with the Federal Election Commission last night.

McCain raised $22.2 million in June, his best fundraising month of the campaign. He also spent more than he had previously, doling out $27 million for such expenses as television ads, campaign consultants, direct mail fundraising and the massive travel costs associated with the construction of a national field operation, the report shows. He finished the month with $26.8 million in cash on hand, and about $1.4 million in outstanding debts.

McCain also doubled the amount in his general election compliance fund -- a separate account he established to help pay legal and accounting expenses during the general election, when his campaign will be financed by $84.1 million in federal funds. He started June with about $4 million in the account, and ended the month with about $8 million in it.

Democratic Sen. Barack Obama announced earlier in the week that he raised $52 million in June. His full report indicating his rate of spending is due to the FEC by Sunday night.

Posted at 10:47 AM ET on Jul 19, 2008  | Category:  The Green Zone
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Previous: McCain Takes on the 'Cable Monster' and an 'Extreme' Obama | Next: Gore Speaks at Netroots Nation


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I have told you the people, our best fiends. The only way he could rase that much is by the puppeteers pulling his strings and running, or should I say ruining your country. What the hell do I know?. Well I know we are screwed and you all are loosing your kids.

Posted by: justadad55+ | July 19, 2008 8:31 PM

It certainly is fun to see the Republican candidate far behind his Democratic opponent in fund raising. Times have definitely changed thanks to the criminal way GWBush has run the country. It will be even more fun to watch McCain run out of money later this fall, and best of all to see Senator Obama win the election hugely in November.

Posted by: David S. Robins | July 19, 2008 2:54 PM

It's apparent that not many of you on this site can write much less read. Maybe you should try reading a book sometime. You might be surprised what you would learn about the ethics of BO and the ethics of John McCain. You all sound like the great unamerican's that spit on our soldiers when they returned from Viet Nam. I'd rather a man who knows God in a personal way (5 1/2 years POW) than one who thinks he is God, and hangs around with others who are controlling him. Read people. Read. You'll never be able to learn Spanish if you can't read. Neither will your children. Better get started.

Posted by: Rose Colored Glasses | July 19, 2008 2:11 PM

McClown is getting too old to be our President. We will have the rest of the world laughing at us again, if that moron is elected.

VOTE OBAMA

Posted by: Buzz Lite | July 19, 2008 1:43 PM

McClown...I love the name! I will plagiarize it, and use it hence. Thank you Saint

Posted by: Buzz Lite | July 19, 2008 1:41 PM

It is not mentioned that Obama is taking in a lot of money under the radar from foreign contributers. Do we want a President that has his loyalty to foreigners and not America? No Obama. EVER.

Posted by: DEM now IND | July 19, 2008 1:40 PM

I work with the Obama campaign, you need two month just for recruitment and training. Will they beat us, I don't think so but if they do it will be in spite of their efforts not due to them. They can't even run a campaign, how are they going to run the country. Oh, wait, I forgot, Dick Cheney will still be president. Never mind.

+++++++
Isn't it getting a bit late to start a national field operation? You need a lot more than 4 months to run a successful field operation.

Posted by: Unamerican | July 19, 2008 11:44 AM

Posted by: Anonymous | July 19, 2008 12:22 PM

Isn't it getting a bit late to start a national field operation? You need a lot more than 4 months to run a successful field operation.

Posted by: Unamerican | July 19, 2008 11:44 AM

Sounds like Hillary: Spend more than you take in and go broke!!! Is this what we want from the next president? Can we afford a president who doesn't understand we CANNOT spend more than we produce? Is this the fiscal responsible guru?

Posted by: Carl29 | July 19, 2008 11:27 AM

Pahleeze!

McClown/Amnesty did not take in squat.

Bushie and other foolish GOPber die-hards seem determined to allow the Dimocrats to have an easy win.

McBone-Head, is a CERTAIN Loser! HE, will NEVER energize enough support to forestall the World Labor Party from usurping the Executive Branch.

This is SERIOUS Folks. Have we been somehow sold out at the Highest levels? HOW, I mean HOW?, did this RINO Senile Joke of a Statesman get the Nomination away from someone like Mitt Romney?

VP? Yes. I feel McRINO would make a Great White House Sitter and 51Rst Senator.

President?

Won't NEVER happen!

No matter WHAT O'Flip-Floppa does, or throws under da Bus! :-(

Again, I DEMAND a candidate who will ENFORCE our Labor Laws and Immigration Laws!

McAmnesty has already stated:

HE will NOT abide by the Oath he is planning to Lie Under!(To Enforce the Laws of this Nation).

Get him OFF the Ticket, or Bend over, grab your ankles(And your Wallet!), and collectively kiss the America we knew;

Good-Bye! :-(

It will be BOHICA America! Everyday, for FOUR LONG Years!

BOHICA, BOHICA, BOHICA, BOHICA.....

Posted by: SAINT-The | July 19, 2008 11:15 AM

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