McDonnell Raises $1.8M in June
Republican Bob McDonnell announced today that he raised $1.8 million in June, little more than half what Democrat Creigh Deeds posted yesterday in what everyone expects to be a pricey Virginia governor's race.
You wouldn't know that McDonnell underperformed his rival from a quick glance at his press release, which touts the fact that McDonnell has almost $5 million in the bank -- "far more money" from "far more donors" than rival Deeds.
It's not a bad point -- cash on hand is an crucial indicator of the spending power of a campaign -- but Deeds just emerged from an expensive primary. And neither campaign is spending a ton of money just yet, so if Deeds continues his June trajectory of outraising McDonnell nearly two-to-one, his nest egg quickly will overtake McDonnell's.
McDonnell decided to focus on the June reporting period to tout how much of his money comes from smaller, in-state donors (3,452 total donors, 1,000 more than Deeds; 2,181 donors giving $100 or less; and 75 percent of all donors from Virginia).
Which is very interesting, since Deeds noted in his announcement yesterday that he is winning the in-state sweepstakes -- when measured for all of 2009. According to the Deeds campaign, 63 percent of his donations this year come from Virginians, while just 30 percent of McDonnell's do.
If your head isn't spinning yet, stay tuned. As Deeds noted yesterday, he raised more in the latest period than Tim Kaine and Jerry Kilgore combined in 2005; and more than Mark Warner and Mark Earley combined in 2001. The larger point being that the money is going to continue to flow. And flow.
July 14, 2009; 11:49 AM ET
Categories: 2009 Governor's Race , Amy Gardner , Election 2009 , Robert F. McDonnell
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Posted by: SWB2 | July 14, 2009 2:02 PM | Report abuse
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