The leading Democratic presidential candidates are smoking their Republican counterparts in the quarterly fundraising race.
Barak Obama continues to impress with his fundraising prowess raking in an impressive $31 million last quarter to lead the field. Hillary Clinton wasn’t far behind with an equally impressive $27 million.
Meanwhile, John Edwards has slipped back into second tier status with $9 million followed closely by Bill Richardson with $7 million.
On the Republican side, Rudy Guiliani leads the pack with $17 million, just half as much as Obama and $10 million shy of Hillary. Mitt Romney, the previous leader, has slipped back to second with a meager $14 million and limping along at the back of the pack is John McCain who raised $11 million but reportedly has just $2 million in cash-on-hand.
It looks like McCain has just about run out of gas and Guiliani and Romney are clearly not going to be competitive at this pace so the Republicans only hope now is that Fred Thompson or someone else will jump in at the last minute to rally the troops. But quite frankly, Bush has screwed things up so royally for Republicans this time around that I don’t see that happening.