Bush is funding McCain’s campaign for Bush’s third term

McCain has $96 million on hand to fund his negative campaign against Barack Obama. Over three quarters of that amount, $75 million, comes from the Republican National Committee, which means three quarters of McCain’s money is coming via the fundraising prowess of George W. Bush.

Bush is making it happen for McCain:

President Bush’s popularity has tanked, but boy can he still bring in the cash.

He’s raked in close to a billion dollars, the political fundraiser in chief, during his White House tenure.

In all, Bush has personally raised more than $968 million for the Republican Party, GOP candidates and his own re-election campaign and inauguration during his two terms in office. And he’s not finished.

He’s now lost a big part of the national spotlight to presidential contenders John McCain and Barack Obama, but he remains a formidable force on the fundraising circuit, mostly at private affairs closed to the media. His total so far this year is roughly $70 million.

Bush spent 90 minutes recently at a California winery tucked in a hillside in Napa Valley to help wring $850,000 from deep-pocket donors. That’s $9,444 a minute.

Obama is running against Bush’s third term, which brings us again back to the best ad of the cycle so far, which was, of course, not done by the Obama campaign. (Note to Obama’s top media consultant, Jim Margolis from GMMB, watch this ad and learn from it):

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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