Reality Blown to Shreds by White House

Bush's money strategy: I'm the underdog

''Democrats and their allies will have more money to spend attacking the president during the nomination battle than we will have to defend him,'' campaign chairman Marc Racicot wrote in the fund-raising e-mail sent Wednesday night. ''If you need more convincing the president needs your help, consider what the Democrats are saying. The race is just starting, but their rhetoric is already red-hot.''

Raciot's statement isn't even close to true, at least according to USA Today:

Four years ago, the two parties were at rough financial parity. But under the new campaign-finance law — championed, ironically, by most Democrats and opposed by most Republicans — the GOP has built a better than 2-to-1 advantage. When the Democrats' debt is taken into account, the gap grows to 4-to-1.