McCain's money troubles

I was surprised to hear this on the news - McCain is scrambling to do some serious fundraising:

http://www.nytimes.com/2008/03/10/us/politics/10mccain.html

His first order of business, though, will be an intense focus on raising money, with some 20 or 30 events a month. His campaign was nearly doomed last summer by overspending and its failure to raise enough money to keep up, and it has continued to lag behind what Senators Hillary Rodham Clinton of New York and Barack Obama of Illinois have received in contributions. Through Jan. 31, Mr. McCain brought in $55 million, compared with Mrs. Clinton’s $138 million and Mr. Obama’s $141 million. And the Democratic candidates continue to raise money at a record pace.

The report I heard on TV talked about Bush fundraisers joining McCain's team. I found this especially interesting in light of discussions about having Obama and Clinton fund a new Florida primary with money from their campaigns - the estimated cost is about $20 million. It's amazing to think they have this much to spare while McCain is scratching around for a fraction of that.