July 16 (Bloomberg) — Seven members of Republican presidential candidate John McCain’s campaign press staff have resigned as the Arizona senator shuffles his team amid lagging fund raising and a drop in the polls.
The latest turmoil to hit McCain’s bid for the White House follows the resignations last week of campaign manager Terry Nelson and long-time McCain strategist John Weaver.
Sen. John McCain has already begun trying to restructure his sagging campaign in the face of a looming financial crisis. But records filed with the Federal Election Commission on Sunday showed just how dire his cash problem is.
McCain had about $3.2 million in the bank at the end of June but owed nearly $1.8 million in unpaid bills and other debts, leaving him with $1.4 million that wasn’t spoken for. He raised $11.3 million and spent $13 million during the quarter. He filed his report less than an hour before the deadline for all candidates to submit their financial records.
No wonder he has to do his shopping in Baghdad! The rug that got pulled out from under his feet was so much cheaper there!