( - promoted by Admin)
Anita Kumar of the Washington Post has a piece entitled McAuliffe Reports Sizable Money Lead Over Moran. Let's put some figures she provides in context about fundraising for the first 3 months of the gubernatorial election year:
McAuliffe '09 4,200,000
Kaine '05 2,600,000
Warner '01 1,400,000
Moran '09 800,000
No figures yet available for Deeds, who of course could not raise money during the 2 months of the legislative session.
A bit more below the fold.
|To date, McAuliffe has outraised Moran 5.2 million to about 3 million, with Moran having been in the race far longer.
McDonnell has not yet released his 1st quarter figures, but reported 1.6 million for the 3rd and 4th quarters of 2008.
Cash on hand should raise some eyebrows: McAuliffe has about 2.5 million to Moran's 825,000. For point of comparison, Steve Shannon has well over 900,000 cash on hand, and he is (a) not running in a contested primary, and (b) does not have the ongoing expenses that Moran does.
The Moran campaign has tried to argue that money will not be a problem. Key figures have pointed out that Warner and Kaine were both able to raise substantial total funds to successfully compete with their Republican opponents And the Kumar piece offers this
We expect to be outspent, but we also expect to win,'' said Mame Reiley, Moran's campaign chairwoman. "Virginia Democrats have long confirmed that money in and of itself does not sway them to a candidate."
But keep this in mind:
Democratic rival Brian Moran raised $800,000 during the same period this year -- more than he raised in the previous six months.
note of something I am adding: According to article, about 90% of Morans money is instate, while only about 1/5 of McAuliffe's is. That would make the instate comparison Terry 800,000+ to Brian 720,000. I suspect at some point the Moran campaign will try to make an issue of that (end of addition)
Money is certainly not everything, but lack of money can cripple a campaign. Think how different the landscape of Virginia would now be had Creigh Deeds been able to spend 50-100,000 in the last week in Northern Virginia. Might not a couple of ads been enough to enable him to overcome the less than 400 votes by which he lost to McDonnell? Might then we not have a Deeds v Bolling contest before us?