http://thehill.com/leading-the-news/edwards-predicting-big-second-quarter-drop-off-2007-06-22.htmlFormer Sen. John Edwards (D-N.C.) is expecting a significant drop-off in campaign contributions for the second quarter that might look like a pittance compared to the dollar amounts Democratic rivals Sens. Hillary Rodham Clinton (N.Y.) and Barack Obama (Ill.) are expected to raise.
Though it would not be unheard of for a campaign to try and lowball its fundraising expectations, an e-mail to supporters from senior adviser Joe Trippi, of Gov. Howard Dean’s 2004 campaign, tells Edwards’s fans the campaign is two-thirds of the way to its goal of $9 million for the quarter.
That would give Edwards a $6 million rake with nine days to go. And even then, the campaign would realize $5 million less than it did in the first quarter.
An Edwards campaign official said the goal for the campaign from the outset has been to raise $40 million total to compete in the first four primary or caucus states.
“We were never going to raise $25 million in the second quarter,” the aide said, alluding to the giant sums expected of Clinton and Obama. “They’re pretty much more based on their celebrity. We are based on the early four states strategy, and we need $40 million to do that.”