Word: funding
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...Bianca Jagger, Wall Street grandees Wilbur Ross and Stephen Schwarzman, and the cream of Houston high society. Thrash flew in her Los Angeles decorator, and says she was so nervous about the arrangements that "by 6 p.m. I was looking for a cyanide capsule." This wasn't any old fund raiser: it was held for the Louvre, in the Louvre - in the vaulted Galerie Daru at the bottom of the stairs leading up to the Winged Victory of Samothrace. There, seated at two immense mirrored tables decorated with yellow orchids - and surrounded by 2,000-year-old statues of Roman...
...focused much on congressional races. Republicans have far more vulnerable seats - upwards of 10 in the Senate and 30 in the House - but their committees have raised one-third less money than their Democratic counterparts. So while Democratic donors have lots of exciting options vying for their wallets, GOP fund raisers seem less interested in Congress and more concerned with keeping the White House. "Our weakness is the House and Senate committees. But on the presidential side, we see a chance at holding the White House," said GOP strategist Brad Blakeman...
...John McCain was not the top fund raiser when the GOP race was competitive, and expectations of his general-election cash skills are low. But then, since he's opted for public financing, his needs are low too. "McCain only has to fund-raise through the convention in August and then he's locked in from then till Election Day," Blakeman said. "Not only does Obama have to get his message out, he now has to fund-raise every day for the next four months." By accepting public funds, McCain must abide by an $85 million cap on his spending...
...Obama's fund-raising peaked in February, when he took in a record $55 million for the month. Since then his numbers have been in steady decline: $41 million in March, $31 million in April, $22 million in May. That said, $22 million in any other cycle would be record-breaking. McCain posted his best month ever in June: $22 million. And there is a natural cooling-off period after the primaries. With gas prices sky-high, some small donors may feel like Obama doesn't need their $25 as much as they do. "The thing we are a little...
...Obama 3 to 1 in television ads since April. "So now we face a position where both McCain and the RNC together have $96 million in the bank, almost $100 million," Plouffe said. In some ways, the recent spate of news stories fretting over the state of Obama's fund-raising can only help. After all, the revelation that Clinton had been forced to loan herself $5 million before Super Tuesday spawned a one-day record-breaking online haul of $10 million for her campaign. Obama has never tested his network's fears: fear of a third Bush term...