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MarketWatchBetter fundraising, along with Bush's poor ratings, helping DemocratsBy William L. Watts, MarketWatchWASHINGTON (MarketWatch) -- There's a lot of blood to be let between now and the 2008 presidential conventions, but early fundraising tallies and President Bush's historically low approval ratings continue to paint an optimistic picture for Democrats eager to re-take the White House, analysts say.
Final first-quarter 2007 fundraising figures filed with the Federal Election Commission by the contenders for the Democratic and Republican nominations over the weekend showed Democrats had raised substantially more cash than their GOP counterparts. The top three Democratic candidates ended the quarter with a total of $60.8 million on hand, more than twice the $29 million held by the top three Republicans.
And recent national polls show Bush's approval rating remains stuck below 40%. A USA Today/Gallup survey released last week put Bush's approval rating at 38%, continuing a seven-month string of sub-40% ratings. That trend has only been rivaled by Harry Truman in 1952 and Richard Nixon in 1974, USA Today noted. In both cases, the White House was lost to the opposition party in the next presidential election.
Given Bush's poor ratings, Democrats' fundraising edge, and other factors, the stars appear to be aligned for a Democratic presidential victory in 2008, said Greg Valliere, chief political strategist at Stanford Washington Research Group, a firm that tracks political and policy issues for investors.
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