Obama's Impressive Burn Rate

The web is abuzz over Obama's latest fundraising news, but over at the Weekly Standard, Jaime Sneider has slightly different take:

With a burn rate of $42 million a month, Obama's campaign can just barely sustain its current levels of spending. And what's leftover may not be adequate to run the kind of campaign he needs to win...

Compared to the McCain campaign, Obama has spent three-and-a-half times as much on payroll and benefits, ten times on event staging, two-and-a-half times as much on travel and lodging, and three times as much on food and meetings...Obama's overhead is $10 million more per month than McCain's, and this is likely to increase substantially given his campaign's out of control spending and lofty plans for the general election.

Obama's current staffing projections--over 2,000 paid staff--would set campaign records. It would also top the number of staffers currently working in the Bush White House.

Such fiscal largesse doesn't hurt so much in the campaign, but, as Sneider points out, post-November is a different story. "If Obama spends like this when he needs to raise the money himself," he writes, "one can only imagine what he'll do when he can instead tap the tax coffers of the U.S. Treasury."



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