Get the Resumes Ready McCain-ers
CNN is reporting that John McCain only has $250,000 left to run his campaign on. This is what I like to call irreparable financial trouble. The only question left is can a campaign file Chapter 11?
McCain campaign running out of money
CNN
By Ed HenryWASHINGTON (CNN) — CNN has learned the already-dire situation for Sen. John McCain’s presidential campaign has actually gotten even worse, with two sources close to the candidate saying the campaign only has a paltry $250,000 left.
The sources tell CNN that next week the McCain campaign will reveal it has about $1.75 million in unpaid debts, wiping out the $2 million in cash-on-hand the campaign currently has in the bank.
Even though McCain has raised just over $11 million overall in the last three months, his campaign has spent large sums of money, one of the primary reasons for the departure earlier this week of his top two strategists, Terry Nelson and John Weaver.
A McCain spokesman had no comment on the latest financial troubles, which will spark a new round of speculation about the candidate’s viability.
July 12th, 2007 at 11:53 pm
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July 13th, 2007 at 4:40 am
Good riddance!
July 15th, 2007 at 7:54 pm
Although I have the up most respect for Sen. John McCain, I believe that his time to be president was in 2000. He is old news and would better suited to continue representing the good people of Arizona. With McCain on the brink I hope a lot of the McCainers take a look at some of the second teir canidates mainly Sam Brownback. He has the conservative creditals that McCain lacked and he has the experience That many of the other canidates lack. He also has been a stedfast on many issues that other front runners have not. Weight the canidates and you will see that Brownback is our best canidate for 2008.