A great irony may be unfolding before our eyes. In July, Democratic nominee Barack Obama raised $51 million dollars, while Republican nominee John McCain struggled to raise just over half that ($27 million). Obama’s total of $390 million is more than twice McCain’s $153 million. And yet Obama’s lead over McCain has narrowed.
Democrats have long complained about the power of money in campaigns, and bitterly resented that the Republicans could nearly always outspend them by tapping the wealthy business class. So now they face the stunning possibility that they could outspend the Republicans by a wide margin, yet still lose the election.
That would be ironic indeed, and just how devastating would it be to the Democratic Party?