Monday, September 22, 2008

Cash-poor Obama says no to Reid.

Earlier this month, Senate Majority Leader Harry Reid made a personal appeal to Barack Obama: Help me grow the Democrats’ Senate majority by sharing some of the $77 million you’ve got in the bank.

Obama’s campaign said no.

This is interesting. Obama has already reneged on a pledge to pay off Hillary's campaign debt. Despite breathless press reports about Obama's record fundraising, there is a tendency to ignore Obama's record campaign spending. Clearly the Obama folks have begun to realize that they might run out of ready cash at a key moment in the campaign. Mind you, I'm not being critical of Obama. Personally, I'd tell Clinton and Reid to pound sand. Still, it's a reminder that the mountains of cash that Barack supposedly has on hand is largely already spoken for.

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