We are now less than 16 months away from knowing the next president of the United States. Almost four years ago, re-electionist George Bush was able to retain his hold of the oval office by winning the key battleground states of Iowa, Ohio and Floria. These wins helped a long way in eventually beating Democrat John Kerry in the race in the electoral college. Fast forward to 2007 though, it seems clear that the 2008 election will be something new to a lot of political observers. For the first time in decades, a re-electionist will not be in the race and the current Vice-President Dick Cheney has already categorically denied any plans of running for the top job in the US government.

This almost unique scenario sets up a virtual free-for-all in the lead up to the elections. Though we all know that it is the votes that will eventually decide who gets to take the position of president, a candidate will still have to campaign through the key battleground states (states who are likely to see close contests) throughout the next few months. A campaign of that magnitude and span will require money - lots of it. More money has already been raised at this point compared to the amount that the candidates raised before the 2004 elections. It seems clear that people are definitely more willing to throw their money into the ring and just effect change by making sure that the worthy candidates all the help they can get. The Democrats have never been known to be big-time spenders, but they’re definitely opening up their wallets  and bank accounts this early. The top two candidates for the party are clearly the front-runners for 2008.

On one hand, we see the eminent senator from the state of New York and former first lady Hillary Clinton who rides strong on the possibility of being the US’ first woman president. The young and vibrant senator from Illinois Barack Obama is certainly charming the hearts and minds of mainstream America with his undeniable presence and rockstar charisma. He also stands to make history as the first person of color to be the US’ chief executive. Obama may have raised more money, but Hillary has led the polls so far - not to mention having Bill Clinton on her side.

For the Republicans, former New York mayor Rudy Giuliani is leading the Republicans as far polls and funds are concerned. Another front-runner John McCain seems to have fallen out of favor and has had a hard time raising funds for his campaigns. Former senator and tv actor Fred Thompson have also been rumored to be considering a shot at the presidency.

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