Monday, March 31, 2008

Clinton and Obama Mine Buckets of Money

The interesting thing on the Democrat side of the presidential primaries, other than the infighting, is the amount of money being raised for this incredibly tight race. Hillary Clinton soaked up $35 million in February alone while Barak Obama trumped her with his own $55 million - a record.

Where is this bonanza coming from? MoveOn.org, for one. Trial Lawyers are another group that has a vested interest in seeing the Democrat Socialist agenda succeed. And of course, we can't forget about all the Hollywood crowd.

The labor unions are also bedding down with both candidates, but that's just to be expected. There was a time when labor unions really did serve an important purpose in this country, but in most cases it's pure nostalgia (and big business) now.

Last year I spent some time at a Lyondell refinery and it was a very eye-opening experience. There was a very real emotional and political wall between management and the workers but it was all very surreal. It was literally the only place I have ever been where workers without college degrees pulled down 100K per year and still moaned about how "the man is keeping me down." The word crybabies comes to mind.

But back to campaign finance. How are things faring on the Republican side? Senator McCain is the only man left standing on this side of the fence which gives him a decided advantage at this point.

The focus of his fund gathering can be for the general election, not the nomination. Also, unlike Obama and Hillary, he doesn't have to spend gobs of money courting superdelegates.

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