How does Romney’s spending compare with his rivals? While we are still waiting on cash on hand totals for Democrats, including Hillary Clinton and Barack Obama, there are more details available about fund-raising on the GOP side. Rudy Giuliani announced today that he raised $11 million during the third quarter, with an overall total of $46 million so far this year. According to the campaign, Giuliani will report roughly $16 million cash on hand, which means he’s spent about $30 million during the first nine months of the year. Broken down, that’s an average of $3.3 million a month, $110,000 a day or $1.27 a second. (If he weren’t so dead set on winning the White House, Rudy could be kicking back with a tall caramel macchiatto every three seconds! Talk about misplaced priorities.) Meanwhile, John McCain’s campaign reports he raised $6 million this quarter–a fair number for a guy whose campaign was pronounced dead just a month ago. According the McCain camp, he’ll report $3.6 million in the bank, though there’s no word on his debts, which were sizeable on his last financial report. How does his burn rate compare to Romney? Overall, McCain has raised about $31.3 million during the last nine months and spent roughly $27.7 million. That’s an average of $3.1 million a month, $101,000 a day or $1.17 a second since January. In other words, these guys are spending a lot of dough for a job that pays just $400,000 a year–or 2 days, in Romney dollars.
