That’s a huge disappointment.
A McCain release (via Hotline) reads:
Campaign Manager Terry Nelson said, “Although we are pleased with the organization we’ve built and polls show us strongly positioned in key primary states, we had hoped to do better in first quarter fundraising. We are already in the process of taking the necessary steps to ensure fundraising success moving forward.” Nelson added, “Fundraising in the first quarter is no more important than fundraising throughout the entire primary election campaign.”
