All in all, some fifty (50) staffers “are being let go, and senior aides will be subject to pay cuts as the Arizona senator’s campaign bows to the reality of six months of subpar fundraising.”
Furthermore, “Terry Nelson, a veteran of President Bush’s winning 2004 campaign, will remain campaign manager but may volunteer his time instead of drawing a salary.”
McCain scheduled a conference call this afternoon “to announce the results of second-quarter fundraising,” which will probably not make McCain-supporters very happy.
Firing 50 staffers is quite obviously an incredibly bad sign. His campaign can try to spin this all they want, but it is definite proof that his campaign is having an incredibly hard time raising money, and connecting with voters. I strongly believe that McCain will be the first of the so-called frontrunner to step out of the race.
Mitt Romney has raised less this quarter than in the first quarter (as well), possibly only Rudy Giuliani did – presumably – better. The money-race in the Republican camp seems to be between these two – for now. Once Thompson formally enters the race, he will most likely be able to raise quite a lot of money as well: he will turn it into a three-men-race.
Meanwhile, the Republican candidates do not come close to raising the amounts Hillary Clinton and Barack Obama have raised, which spell problems for the Republicans for the general elections. Giuliani and Romney may outraise McCain, but that is not exactly an accomplishment these days.