John McCain's fundraiser brings $2 million cash, odds not good

The 2008 Presidential candidate John McCain is considering whether to accept public campaign funds.

John McCain's fundraiser brings $2 million cash, odds not good Betting on John McCain may just turn out to be money badly spent. McCain, who's odds on winning the 2008 Presidential Election are only 5/1 by Sportbook.com, just surprised his top staff by announcing that they will have to take a pay cut. After having only $2 million in cash, the Arizona Republican candidate said he is considering whether to accept public campaign funds.

McCain's campaign efforts raised only $11.2 million in the second quarter, falling short of their first quarter contributions of $13 million. But even by meeting his previous fundraising numbers, John McCain would have been way behind some of the other candidates. Mitt Romney, for example, raised $21 million in the first quarter of his campaigning, and Romney's odds are 8/1.

But considering his fundraising and standing in the polls have foundered as he has met resistance from moderate voters for his continuous support for the war in Iraq, and among more conservatives for his high-profile support for campaign finance reform and Bush's immigration proposal, betting on John McCain for the 2008 Presidential Elections may not be your best bet.

Published on 07/02/2007