Woodstock, N.H. – Republican presidential hopeful John McCain is lowering fundraising expectations, just days before the first money deadline that will provide a clear sign about which candidates are viable – and which ones are not.
During a bus tour of New Hampshire’s rural North Country, reporters asked McCain about the ever-important money race, in which donations translate into credibility. The deadline for candidates to report their first-quarter fundraising is Saturday.
“We started late, our money- raising, and we’re going to pay a price for it because we got off to a late start,” McCain said Saturday between campaign stops. “I enjoy this kind of politics more than I enjoy raising money.”
Rivals have been racing from fundraiser to fundraiser to show they have the millions for a presidential bid. Rudy Giuliani has been holding fundraisers around the country, and former Massachusetts Gov. Mitt Romney raised $6.5 million in one day in January.
Romney has purchased $800,000 in television airtime.
McCain, who got off to an early start with the announcement of an exploratory committee last year, was considered the GOP front-runner. Since then, public-opinion polls have shown former New York City Mayor Giuliani in the lead.
McCain said he has no idea what kind of cash the other campaigns will offer. The Arizona senator has hosted four campaign fundraisers since forming the exploratory committee in December.
The campaign said he has about 40 scheduled before the start of May.
McCain said there’s still time left in the Federal Election Commission reporting period that ends Saturday. He said he plans a push, but his staff declined to offer predictions.
“This is a campaign that is focused on winning the nomination, and fundraising throughout the entire year is an important part of that,” said spokesman Danny Diaz. “We’re focused on building an organization in the critical states so we can communicate the senator’s conservative message to voters on his behalf.”
McCain has staffed his campaign with high-profile veterans, many of whom helped get President Bush re-elected in 2004. He is paying his top political adviser $15,000 a month – a rate considered standard. But he delayed his announcement tour until April, in part to put off costs to the next quarter.
