How bad was it for John McCain before New Hampshire? The AP reports that McCain ended 2007 with a $4.5 million debt. He raised just $6.5 million in the last quarter, with $3 million cash on hand. The good news is that McCain has raised $7 million since then. It pays to win.

On the Democratic side, Barack Obama, doing what he does best, has raised $32 million during January alone.