The financial reports for the 2008 presidential candidates are out and they contain quite a few surprises, not least of which is Barack Obama’s matching nearly dollar for dollar the fundraising strength of Democratic frontrunner Hillary Clinton.
Hillary brought in a record-breaking $26 million, but was no doubt surprised to find Obama hot on her heels with $25 million and with a wider contributor base to boot.
That bodes well for Obama. He looks to be in the race for the longhaul.
Meanwhile, the Republican field has been shaken by the surprisingly strong performance by the Flip-Flop King Mitt Romney who raked in a cool $23 million, nearly double that of John McCain, the one time Conventional Wisdom frontrunner.
McCain is clearly in trouble with just $12.5 million in his first campaign fundraising haul. And Rudy Giuliani, the current frontrunner in all the polls, is not doing too much better with just $15 million. To put that in perspective, consider that Giuliani is just barely hanging even with John Edwards who raised $14 million.
So Hillary clearly has the advantage at this point as she is leading in both the money race and in the polls. But Obama is a major factor in the race and isn’t going to go away anytime soon. Meanwhile the Republicans have a mixed bag with a guy raising tons of money but with little poll support, while their frontrunner in the polls is being left in the dust by the Democrats.