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Born at the Crest of the Empire

Saturday, December 29, 2007

Huckabee's cash

The Huckabee campaign is crowing about their sudden fundraising, but if you compare the numbers to the other majors, it looks less impressive.
Former Arkansas Gov. Mike Huckabee bragged on a conference call Friday that he has raised about $5 million online in the past three months, and has collected hundreds of thousands of dollars more at fund-raising receptions.

For comparison, compare that to Romney and Giuliani who each raised about $5 million per month in their first three months in the campaign and together raised about $100 million total. Or compare it to Ron Paul who raised $4 million and $6 million online on two days.

My point is that this hardly represents some giant wave which matches his rise in the polls. How many individual donors are we talking about? How big is the average donation? How much could Huckabee go back to them?

The bottom line is that $5 million is barely enough to build organization and run ads in one early state, and 29 states hold their primaries in the next 6 weeks.

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