[Rick Lee]

They will definitely spend it all and probably more than they have. Campaigns are notorious for always paying their vendors last. We require credit cards to do work for them. The day after the election, they literally disappear and all their vendors are left holding IOU's. Media buys are crazy expensive. Imagine running for US Senate in CA and being subject to the same fundraising limits as the guy running for Senate in RI. Who has the cheaper media market? It's insane expensive for this stuff. When I worked at the RNC I regularly went to deposit large six figure checks to our post office bank account for covering postage AND we got the non-profit stamp rate. Figure the professional fundraisers are getting a retainer of $20-$40k per month plus 10-15% of their gross and then the direct mail guys are getting some factor of the number of pieces mailed and then a bonus on returns.