Editorial on the news of the Day and Review of the Gridlock around the world.

Saturday, August 30, 2008

McCain Plucks $7 Million in Contributions by Picking Palin

Early signs are that people, possibly conservatives, really like McCain's choice of Alaska Governor Sarah Palin as his Vice Presidential running mate.  His campaign added $7 million to the campaign savings accounts shortly after the choice was announced publicly.

Sen. John McCain has taken in $7 million in contributions since announcing Gov. Sarah Palin as his running mate, a top campaign aide said today.

The money bounce may owe to Palin's appeal with conservative donors, many of whom said privately they had planned on sitting out the campaign this year. The money comes in just under the wire -- after McCain accepts the GOP nomination Thursday, he will accept public funds and no longer be permitted to raise private money for the campaign.

That will not, however, stop McCain and Palin from raising money for the Republican National Committee. In coming weeks, McCain will host four megafundraising events in major cities aimed at bolstering the accounts of the party. Palin, meanwhile, will be sent out to headline more than a dozen fundraising events for the RNC.

Shortly before Palin's announcement, one senior RNC official said McCain's pick "better like doing fundraising."

Like almost everything else she does, hosting these events will be something of a new experience for Palin. When running for governor of Alaska in 2006, Palin raised a total of just $468,400.

Source: Washington Post

So at best, Palin can help bring in contributions for the RNC, while McCain plays it safe or desperate depending on your perspective taking public funds, while Barack Obama marches towards a billion dollar campaign.

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