Friday, October 10, 2008

A bit of horserace commentary — Crooked Timber

A bit of horserace commentary — Crooked Timber: "A bit of horserace commentary

by Henry on October 10, 2008

So I hear (via a prominent member of the sane Republican faction) that the word on the right side of the street is that the Republican National Committee is about to pull the plug on its joint ads with the McCain campaign, and devote its resources instead to trying to save a couple of the senators who are at serious risk of losing their seats. Now this is gossip, albeit of the high class variety; take it with the requisite pinch of salt. But it points to some real vulnerabilities in the McCain campaign’s finances. McCain’s decision to opt for public funding has meant that he’s had enormous difficulty competing with the Obama money raising machine. He’s been able to partly compensate by co-financing ads with the RNC (this skirts the limits of the legislation that he himself co-wrote but is just about legal). This has kept him competitive in TV advertising, albeit still significantly outgunned. But if the Republicans are as worried as they should be about the impending elections, there will be a lot of calls on that money, and the RNC is going to have to make some tough choices. Should it keep spending money on the presidential campaign in the hope that McCain will win despite the polls, or should it instead try to minimize"

Here is the beginning of my post. And here is the rest of it.

From the Times ...

The difficulties of the McCain campaign have led some Republican leaders to express concern that he could end up dragging other of the party's candidates down to defeat. "If Obama is able to run up big numbers around the country," said Mr. Anuzis, the Michigan party chairman, "the potential for hurting down-ballot Republicans is very big."

One sign of that has emerged in Nebraska, where Representative Lee Terry, a Republican, ran a newspaper advertisement featuring words of support for him from a woman identified as an "Obama-Terry voter."

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