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ABC and CBS both covered Campaign 2008, as Presidential fundraising statistics for this year's second quarter were published. "It is the Democrats who are in the fast lane," announced CBS' Jim Axelrod, pointing out that the Republican frontrunner Rudolph Giuliani's $18m is little more than half the stash accumulated by either of the two leading Democrats: Barack Obama has $34m, Hillary Rodham Clinton $33m. ABC's Jake Tapper pointed out that a key Wall Street backer of Rodham Clinton, Morgan Stanley boss John Mack, raised funds for the other party in 2004. In total, in the second quarter, Democratic candidates outraised Republicans by $81m to $49m.
"Even more depressing," ABC's Tapper added, GOPers such as Mitt Romney are spending more than they are raising. Romney's $21m in expenditures--including $15K on baseball tickets, $6K on cut flowers--contrasted with $14m in receipts. The millionaire borrowed money from himself to make good the difference. Last Friday, ABC's John Berman (subscription required) and NBC's Chip Reid detailed the sinking fortunes of onetime frontrunner John McCain. Now CBS' Axelrod notes that McCain's Straight Talk Express is off the road--the campaign "cannot afford the $103K-plus it cost to keep the bus running last quarter."
