Republican fundraising/Cash on hand

We're finally getting the fundraising numbers for Giuliani ($11 million) and Romney ($10 million + $8.5 million of his own money.) Both raised about half of Clinton and a little more than half of Obama.

But what really caught my eye was the cash on hand figures.

Giuliani's campaign income for the July-September quarter left him with $16 million cash on hand, aides said Thursday. Of that, about $12 million is available for the primary contests. Romney had $9 million on hand for the battle for the Republican nomination.

I don't have the Clinton or Obama cash on hand figures, but doesn't $12 million in the bank 3 months before the primaries seem pretty slim? Especially since they'll have to spend in New York, California, Texas, etc. by late Jan/Feb.?

(As Reality Based Educator pointed out the other day, "primary money" is to be spent up until the conventions next August and September. That's a long time if the fundraising inequities stay where they are.)