McCain's Money Woes Continue

by: Chris Bowers

Thu Sep 20, 2007 at 10:28

Sen. John McCain's campaign has raised only $3.7 million to date for the third quarter, an influential friend of the Arizona Republican has told The Washington Times.

"The hope was to reach $4.5 million, about a third of what was raised in the 'disastrous' second quarter," the McCain supporter told Ralph Z. Hallow, who will report the story in Friday's editions of The Times.

Speaking on the condition of anonymity to protect his relationship with the senator, the friend said: "Those are gross numbers, not net. Plus the campaign is carrying $2.5 to $3 million in debt. [He's] done for."

McCain's debt and cash on hand for the primary were virtually equal last quarter. It would appear that will also be the case at the end of this quarter. He is still finished, and the war is still the reason why.