Tactics and Substance in the 2004 Elections GoogleNews: Howard Dean

July 16, 2003

by V

Q2 fundraising

The Note has collected together all the candidates' income and expense numbers from the 2nd quarter today, including several detailed spending breakdowns; makes for an interesting read.
[from the St. Louis Post-Dispatch:] At the [end of Q2], several news organizations reported that Gephardt had raised about $4.5 million, a figure attributed to anonymous aides. 'There was no deliberate attempt to mislead anybody,' [Gephardt campaign manager] Murphy said. 'We thought we'd have a little more coming in at the end than we did. We should have kept our mouth shut until we were certain.'

...We also noticed that Senator Edwards's second-quarter number was about a half a million lower than we'd been told to expect.
From the Washington Post:
The Dean campaign said it received contributions from 73,226 individuals in the second quarter, and it estimated that more than 60 percent of the total it has raised this year qualifies for federal matching grants under the public financing program that provides taxpayer money equaling the contributions of $250 or less from individuals.

The matching rate for Dean is much higher than the normal level which, according to the FEC, is usually in the 25 percent to 33 percent range. That will give Dean a built-in cushion in January, when the federal funds are dispersed, even if the other candidates outraise him in the next six months.

Posted by V at July 16, 2003 12:45 PM

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