Over the next several days, most of the 2008 candidates for President will be announcing their fundraising totals. Yesterday, Senator McCain announced his campaign’s take for the 2nd quarter, and the news was not good.
Not only is his total (about $11.2 million) expected to trail Mayor Giuliani and Governor Romney, his cash-on-hand is a very low $2 million. McCain’s campaign manager announced a restructuring that involves laying off scores of staffers, perhaps more than half.
But, McCain is not the first candidate to find himself in this situation. In 2004, another U.S. Senator running for President, who is also a Vietnam vet and was the early favorite to win the nomination, found his campaign floundering. Funds were short, and many people were writing off his candidacy.
To read how this candidate saved his campaign click the headline.