Kerry raised $50 million last quarter. This isn’t even close to what Bush raised (and both Bush and Kerry are also going to benefit from 527 money), but it’s going to be very important to the Democrats in the months ahead.
Note that had Edwards won the nomination, he would have bumped into the federal matching fund caps already. Like it or not, that’s a powerful electability argument. Me, I don’t particularly like it. Maybe I should spend some time teaching my neighbors how to do their own research instead of relying on TV ads.