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May 12, 2008
Posted: 04:55 PM ET
FROM CNN’s Jack Cafferty: Money talks in presidential elections… and it may be causing John McCain some heartburn or sleepless nights at this early stage of the game. That’s because the presumptive Republican nominee is struggling to get money from many of the same industries that helped fund President Bush’s campaigns. Bloomberg News reports that many people who work for securities and investment firms, construction companies, the pharmaceutical and energy industries have been turned off by McCain’s record, and are giving more money to Barack Obama and Hillary Clinton. The two Democrats each raised about $11 million from these four industries through the end of March, compared with only $6 million for John McCain. Back in 2004, President Bush raised three times more money from these places than John Kerry did. Meanwhile, here’s another sign of potential money trouble: the Houston Chronicle reports Texas has been slow to warm to McCain. Almost three months after sewing up the nomination, McCain has yet to get money from most of President Bush’s top Texas donors. In fact, McCain has raised less in Texas than either Hillary Clinton or Barack Obama. One political analyst puts it: “If a Republican isn’t outraising a Democrat in Texas, where are they going to outraise a Democrat? Vermont?” One Texas fundraiser says it’s been easier to raise money for a Democrat in the Lone Star State this year. The reason? “Bush fatigue.” Here’s my question to you: Why is John McCain having problems raising money? Interested to know which ones made it on air?
Nora from Corpus Christi, Texas writes: Jodie from Idaho writes: Derek from Cape Coral, Florida writes: Kevin from Jonesboro, Georgia writes: Posted by: CNN's Jack Cafferty
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Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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