WASHINGTON (CNN) - The latest news from the McCain campaign is not good.
John McCain started this campaign as the establishment candidate. He's running in a party that usually nominates the establishment candidate. McCain made peace with his old rival, George W. Bush, and recruited some key Bush operatives and contributors for his campaign.
"We believed that we would raise over $100 million during this calendar year and we constructed a campaign that was based on that assumption," McCain campaign manager Terry Nelson said in a conference call. "We believe today that that assumption is not correct."
- CNN Senior Political Analyst Bill Schneider