Why McCain Quit The Straw Poll - The Real Reason |
Although the horrific day for the McCain campaign will probably be overshadowed by President Bush’s decision to commute Scooter Libby’s sentence (way to go GWB!), the news from the McCain camp kept getting worse throughout the day. McCain’s fast burn rate coupled with the fact that he is going to actually raise less in the second quarter than his terrible first quarter numbers mean that his campaign has only about $2 million cash on hand according to this AP story.
When I read that, it became clear to me why McCain decided to drop out of Ames - he can’t afford it. Jeff Fuller can speak on this with much greater authority than me, but as I understand it, Ames is expensive for a campaign. With these numbers, it seems to me that the McCain camp realized that they couldn’t compete even with the likes of Rudy, Huckabee, etc. without completely draining their cash on hand, and they wouldn’t gain enough momentum to justify the expenditure because they knew that they’d get beat by Governor Romney despite their best effort.
-Kyle Joseph Farmer

