Barack Obama has been hailed this election season for, among other things, his impressive fundraising apparatus. But while the Democratic frontrunner's financial edge over Republican rival John McCain has become an assumption in most reporting, the cash advantage is not reflected in the recent FEC filing reports.
In reality, despite all the reports of an energized party, Democrats are behind Republicans this year in cash on hand, and they hold only a negligible lead in funds raised over the past month....
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