Democratic presidential candidates raised $27 million more than Republicans, according to their first-quarter ’07 financial filings.
And John McCain looks worse on paper than anyone guessed.
SNL-related donations: Chevy Chase gave $4,600 to Clinton. Eddie Murphy kicked in $2,300 to Obama. Adam Sandler gave $2,100 to Giuliani. Lorne Michaels dished out $1,000 to McCain.
Obama…nearly tied Clinton in total donations, having raised $25.8 million compared to Clinton’s $26 million — an astounding achievement for a political novice going up against such a veteran…
…Former Massachusetts Gov. Mitt Romney, who hopes to be the first Mormon elected president, received more donations from Utah, $2.8 million, than from the state he used to govern, whose residents gave him $2.3 million.
…Rudy Giuiani, the former mayor of New York, raised $14 million, but it came from fewer donors than any other major candidate, indicating access to big-money donors but not widespread support.
Writing for ABC, Jake Tapper and David Chalian analyzed the financial reports as they went along, but saved the most loaded labels for Democrats, referring to Sen. Barack Obama as an “insurgent” candidate (OMIGOD) and Sen. Hillary Clinton as the “frontrunner.” Huh?
They also spared John McCain no illusions.
One of the key indicators of whether or not a campaign is being managed efficiently is the “burn rate” — the percentage of the money raised that the campaign spent during the same time period.
McCain is the big loser in this category. His campaign hemorrhaged money by spending 64 percent of what it raised in the first quarter…and assumed a stunning amount (to the tune of $1.8 million) of debt…
McCain’s one bright spot on the GOP side is that he can boast of significantly more donors — roughly 50,000 people contributed to his campaign — than his Republican rivals, perhaps indicating a broader base of support.
Clinton also had roughly 60,000 donors and Edwards had north of 40,000.
A fascinating footnote to the first quarter filings was how people associated with NBC’s Saturday Night Live gave.
Old-school star Chevy Chase gave $4,600 to Clinton. Eddie Murphy kicked in $2,300 to Obama. Adam Sandler gave $2,100 to Giuliani. And their former boss, SNL executive producer Lorne Michaels, dished out $1,000 to McCain.
At least Michaels is as cheap as he is wrong.