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Welcome to The Journal Editorial Report.
I'm Paula if you go -- -- Americans may not be going to the polls for another ten days but by one important measure.
Barack Obama has already trounce John McCain according to figures released this week the Democrat -- an astounding -- 150.
Million dollars in September giving him a huge advantage over his publicly financed rival in the final weeks of the campaign and he's using that cash to.
Blanket the Airways and battleground states with ads like this.
John McCain's health care plan first we learned he's going to tax health care benefits to pay for part.
Now the Wall Street Journal reports John McCain would be for the rest of his health care plan with major reductions to Medicare and Medicaid.
Billion from Medicare alone.
Or both John McCain taxing health benefits cutting Medicare we can't afford John McCain.
Here with a look at what else that a 150 million dollars can buy -- Wall Street Journal columnist and deputy editor -- Many -- columnist Bret Stephens opinion journal dot com columnist John fund and Washington columnist Kim Strauss of camp.
So how big an advantage over John McCain how much is -- contributing to the lead a block Barack Obama is this financial edge.
I didn't really significant and it's not just -- that you -- talking about here -- the ads are important I was just hearing that.
In places like Denver in collar -- -- a huge important swing state.
-- Barack Obama is spending seven times what John McCain is spending on ads there the more important thing though is boots on the ground this money pays for volunteers to go out.
And go around these battleground states in play -- like Virginia where I live Barack Obama has more than fifty field offices compared to about nineteen -- point for John McCain needs of the people who get.
Everyone out to vote on the day this this is probably partly reflected in the poll.
These are the paid paid vouchers good I'm paid operatives because -- -- a lot more than nineteen.
People on on boots on the ground -- -- there are a lot more volunteers.
You know is that those -- the number field offices and yes there's there's a huge number of volunteers for bull campaign that this is the people are coordinating everything and and and that Barack Obama has really out -- -- and one thing we've learned and pulled politics over the years negative ads work.
When they -- Answer yeah that's exactly right and both campaigns have been running a lot of them obviously Obama's been running a lot more.
The other thing we're learning here is that Obama his introduce some innovations this is the best campaign money -- Last week he ran 50032.
Spots but he's also been running.
Commercials that last a minute or even two minutes a 120 seconds the in -- there is if you can say more in a commercial like that.
It's like a mini documentary if Blake breaks through the normal advertising.
Gets people's attention.
The other thing he's done which is no one's noticed is the amount of Internet advertising which we -- the biggest thing in advertising now.
Obama has run 914.
Ads on the Internet.
By contrast John McCain has run seven point eight million this is a 117.
To one ratio in Internet after.
As part of the problem -- McCain hasn't it we're lacking the money to be able to run all the messages pop some positive spots as Obama's running some positive spots -- but.
To answer some of those negative spots for example that claim that he would.
-- for some of his programs by cutting Medicare by 800 million I don't really agree with that I think that's a refundable proposition but you don't have the money doing you can't provide it.
-- Obama is fighting on a dozen fronts.
McCain because of the lack of money and resources it has to respond to were three of those fronts the rest you basically have to go by the boards.
-- -- why hasn't Obama paid a price for breaking his pledge to abandon public financing.
That's one of the great mysteries of of this campaign and I mean who who who could have matches no and no one is this is reporting that.
When are you giving your fellow presses a pass here for not -- holding them to test could remember most of the press corps spent the last eight years applauding John McCain.
For -- campaign finance reform us.
And he was a good government guy and now on this time of need they say oh well never mind what we've discovered what campaign finance reform was all about which was a political play by Democrats who at the time felt they had they were at a disadvantage.
In the money race when when when when the sides are are reversed their much less keen on that -- talk about public financing.
As as a matter of everyone that's pending in that are -- fifty dollar check which of course of the opposite and non transparent and I and Paul should Obama win and there's a democratic congress.
Be prepared for the incumbent protection campaign finance act of 2000 moment.
-- was John McCain played for a sucker here on campaign financing.
Absolutely I mean when you look at these restrictions he is now under.
And the fact that he is decided because he was a good government type to go on to this this public financing scheme for the general election.
He is the cause of his own misfortune here at the moment you know he is -- -- -- the Republican National Committee has shown that they actually.
Do have the ability to raise money and they've been doing a pretty good job trying to make up the difference between what mr.
McCain has a lot mr.
But a lot of the restrictions that he's under the heat faces are things and he helped create.
All right John notwithstanding all that spending.
The race and some polls have showed that the race is in fact tightening a bit here at the end -- the polls are all over the map where do you think with the race stands right now.
If you took an average of all the polls I'd say Obama has about a six point lead.
But we've had two previous elections in recent years where there was a late Republican rally.
The first President Bush was down eleven points he ended up losing by five and a half in 1996 -- was -- fourteen ended up losing by eight.
This is still competitive race if there's only Republican rally and the -- is a six point difference now it could still end up being very close all right John.
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