McCain finished January in debt, which is why he wants public financing

FEC reports for January were filed today. And, it’s no wonder John McCain is so freaked about money for the general election. It’s not about principle. He’s got no fund raising capacity.

Matt Stoller has the McCain numbers. McCain’s debts were more than his cash on hand. Not good for the GOP front runner. Overall, McCain raised $12.7 million in January and $48.7 million since he started his campaign. Barack Obama raised $36.7 in January alone and over $137 million since his campaign started. This month is going to break records for Obama, too.

Hasn’t been much pick up in the media about McCain’s paltry campaign war chest. But, it should cause them to question McCain’s obsession with using public financing for the general election. The media eats it up, of course, without ever questioning McCain’s motives.

Remember when the GOP used to be the party that raised the most money?

On October 27, 2010, Joe was one of five bloggers who interviewed President Obama. Joe is a DC-based political consultant with over twenty-five years of experience at both the state and federal level. Joe has managed political operations and legislative efforts for both candidates and issues-based organizations. For seven years, he was the Director of State Legislation at Handgun Control, Inc. He served as that organization's first Political Director during the 2000 cycle. Joe is a graduate of the University of Maine School of Law. In addition, he has a Masters in Public Administration from Lehigh University and received his B.A. from the University of New Hampshire. Joe also has a fun dog, Petey, a worthy successor to Boomer, who got Joe through eight years of Bush and Cheney. Joe likes to think he is a world class athlete having finished the 2005 Chicago Marathon in the time of 4:10. He has completed six other marathons as well -- and is still determined to break the four hour mark.

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