Obama raised $31.9 million in April. Good news, right? Yeah, but here's the thing: $31.3 mill was for the primaries, $600k for the general. Meanwhile, the primaries are about over, and Obama essentially passed on two of the May primaries--WV and Kentucky--that the $31.3 mill would presumably have been spent on. So, the $31.3 mill is virtually useless.
Am I reading this right?
Update: After musing over this a while, I suspect it's actually the case that funds raised during the primaries are available for the general election. I'm not sure how that squares with the intent of the campaign finance law. But in this case, money Obama has collected from individuals who have not yet reached their $2,300 contribution maximum is assumed to be primary funds. Donations from those who have reached the $2,300 maximum are kept aside for the general. By law, individuals can donate $2,300 per election cycle; $2,300 for the primary election and $2,300 for the general. So individuals can give $4,600 in all.