SCHAFFER INCREASES CASH ON HAND

WHILE UDALL BLEEDS

Schaffer raises $1.4 million, has $2.8 cash on hand

ENGLEWOOD – The Bob Schaffer for U.S. Senate campaign raised more than $1.4 million and increased its cash on hand to more than $2.8 million while Boulder Liberal Mark Udall spent more than he raised during the second quarter of 2008.

“Boulder Liberal Udall is running his campaign like he votes in Congress, spending more than he took in during the past three months,” said Schaffer campaign manager Dick Wadhams. “Coming on the heels of Bob Schaffer’s debate victory yesterday, Boulder Liberal Udall is politically and financially bleeding.”

According to Federal Election Commission (FEC) reports filed today, Schaffer raised $1.4 million while spending $775,000 from April 1 through June 30 increasing his cash on hand to $2.8 million. Boulder Liberal Udall raised $2 million but spent $2.3 million during the same period reducing his cash on hand to $3.9 million.

Boulder Liberal Udall had a cash on hand advantage of $2 million at the beginning of the second quarter but that has now been cut nearly in half to just $1.1 million.

Boulder Liberal Udall’s current financial advantage is due to the more than $1.5 million he transferred from his congressional campaign account to his Senate campaign.

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