Friday, March 30, 2007

The $10 million question...

Do you have that much?

For anyone hoping to be taken seriously as a presidential candidate, they better.

Tomorrow is the end of the first quarter of 2007, and that means Federal Election Commission campaign finance reports are due to be filed in a couple of weeks showing how all the candidates fared in the important money race during the first three months of the year.

The convention wisdom is that if you don't have at least $10 million, you're pretty much out of it.

Hillary Clinton on the Democratic side and Mitt Romney on the Republian side are expected to lead when the campaigns start announcing their "successes" next week. John McCain has already said he'll fall short of his fundraising goal, and Barack Obama should be prove to be impressive in his ability to capture contributions.

Rudy Guiliani and John Edwards are also expected to be up there. In fact, word is that Edwards has benefitted greatly from a big increase in support since announcing his wife's cancer has returned.

Locally, it could be a deciding point for our own Chris Dodd - who on the surface, anyway, has given the impression that he's doing well in this part of the campaign. Dodd has recently opened campaign offices in Iowa and New Hampshire, and continues to add to his campaign staff. All of that takes money - and he seems to be spending it. Which would suggest, he's also raising it.

By the end of the week, we should have a pretty good of idea of who still in - and who might be on life-support.


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