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January 21, 2004

Mo' money, mo' money, mo' money

Kerry, Edwards Rake in Tens of Thousands
By SHARON THEIMER, Associated Press Writer

WASHINGTON - The surprise top-two finishes by John Kerry (news - web sites) and John Edwards (news - web sites) in Iowa are already paying off: Each took in tens of thousands of dollars in campaign contributions over their Web sites within hours of the Iowa caucuses.

Kerry, Edwards and third-place finisher Howard Dean (news - web sites) all tried to capitalize on Monday's events with fund-raising e-mails. They urged donors to give in time to make a difference in the next big test, New Hampshire's primary next Tuesday.

"I need your help, and I need it immediately to continue the surge in New Hampshire," Kerry wrote Tuesday. "Please contribute today, as much as you can afford."

Along with his e-mail, Kerry challenged donors to help him raise $365,000 over the Internet on Tuesday — marking the 365 days left before the 2005 inauguration — and collected roughly $300,000 by late afternoon.

The candidates entered the primary season in varying degrees of financial health. The Iowa outcome is likely to shake up the money race further, prompting some undecided donors to get off the fence and those who gave to losing candidates to donate to the early winners as well.

Edwards could be seeing his second reversal of fortune. Thanks in large part to millions of dollars from fellow trial lawyers, Edwards started 2003 leading in money, only to drop behind Dean and Kerry as the year progressed.

Edwards' second-place Iowa finish could help re-ignite his attorney donor base and help him move beyond it.

The North Carolina senator saw an immediate surge in contributions after his second-place Iowa finish, which brought in at least $250,000 online between Monday and Tuesday evenings, his campaign said.

"With you, we can shock the world again," Edwards campaign manager Nick Baldick wrote in a fund-raising e-mail Tuesday morning.

Edwards met his goal of raising $20 million by the Iowa voting, and has enough to see him through at least the Feb. 3 primaries, said spokesman Roger Salazar said. Edwards planned one fund-raiser in Boston and two in New York on Tuesday.

Posted by P6 at January 21, 2004 08:40 AM
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