Sorry about the lag in posting. I've been out doing my part for GOTV.
As Sonoran alliance has already posted, and I hate it when those guys scoop us, the FEC reports show that the expected largesse of Giffords fundraising isn't what many thought.
Gabby has about a $100,000 lead in cash on hand. That is not near the advantage she was hoping to have at this point. However, the bigger question is "where has she blown almost a million dollars?"
Obviously, Gabby has had a strong television presence, and that has been a large benefit to her. However, she has been decidedly beat by the content and quality of the Graf mailers. It is evident that Graf learned from the Huffman contest as this is where Huffman made the biggest impact with his money. It is far more cost effective than television advertising and much more detailed.
The news that I hear also confirms that the early balloting is not trending too much in Gabby's favor, so I do not believe a large portion of her money has went there.
A look at her expenditures seems to show that most of it went to these guys. Who better to tell Gabby what those in CD-8 are looking for in leadership than a firm from Philadelphia.
Had that money been used to "flood the zone" with mailers and further advertising, I believe that Graf would be looking at a larger hill to climb. It would also have been nice to keep that money in the local economy. Do you think GMMB is a union shop?
Expect Michael from Blog for Arizona to break it down with further financial followup. He's the best there is locally for this, even if he is a bit confused with his politics. :)