Without a doubt, polls can be utter crap – we pointed that out yesterday. Sure they show McCain in the lead but that really doesn’t mean anything at this point. What is hard to dispute is cash.
According to this CBS article, McCain pulled in $5 Million dollars in 5 hours. That is one heck of an accomplishment for a guy who was having problems rising any funding almost three months ago. What is even more interesting is the money was raised in Barack Obama’s backyard – Chicago. I am not suggesting McCain has a chance in Illinois but such successful fundraising effort in the largely Democratic Chicago is very impressive.
If cash is a barometer take a look at Obama. Reports are coming out that he is having a hard time reaching his fund raising goals. The trend appears to have started in June. Is this a sign that his support is starting to wane for the Senator or simply the up and down of a political campaign?
In business it is often suggested that if one wants to understand why and event is happening, if one wants to get a general sense of where things are headed, the prudent thing to do is follow the money. I believe the same is true in politics.
Others say…
Rightvoices wonders if Obama is running out of fund raising options
Hotair does a breakdown of some numbers
Swamppolitics - McCain-backers say fundraising has ‘taken on a life of its own’ with Palin
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