McCain fundraising figures for July Released

From the AP

John McCain raised $27 million in July, his largest one-month fundraising haul since clinching the Republican presidential nomination, while the Republican National Committee brought in nearly $26 million.

The GOP nominee-in-waiting had $21 million available to spend as August began, while the national party began the month with $75 million to compete with the Democrats.

This would make July McCain’s best fundraising month, with a $5 million haul better than his previous record, which was $22 million in July.  RNC fundraising is stagnant from last month, in which they also rose $26 million.  Barack Obama’s July numbers are not in yet, but they will almost certainly be significantly better than McCain’s numbers.  For comparision, Senator Obama raised $52 million to his preisdential bid in June, compared to Senator McCain’s $22 million.

On the Cash on Hand front, John McCain must spend all of his remaining Cash on Hand by the end of the month, since he is taking public financing for the general election.  Look for him to outspend Senator Obama during the month of August.  The RNC is flush with cash at $76 million COH.  Conventional wisdom is that most of this money will go towards John McCain’s presidential bid, however with the extremely poor fundraising numbers the NRSC and the NRCC have been putting up this election cycle, the RNC will likely have to spread the wealth to Senate and Congressional races as well.

Senator Obama’s fundraising numbers must be released by August 20th.

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