AP Cheers on Obama in headlines… see it before the editor wakes up!
Headline: “Obama’s July fundraising bodes well for fall race”
Obama’s Internet-powered fundraising efforts have shattered all previous records for a presidential campaign, bringing in a total of $390 million so far. The Illinois senator has announced he will forgo public financing for the general election, giving up $84 million in taxpayer dollars for the final two months of the campaign and committing himself to a steady pace of fundraising.
By contrast, Republican candidate John McCain has raised just $140 million and has agreed to accept public financing for the general election and the spending restraints that come with it. Unlike Obama, McCain will not feel the intense pressure to raise money in the fall.