McCain wins Bush backing, bucks

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President Bush yesterday formally endorsed Sen. John McCain as his desired successor to the White House, delivering a big-name draw for campaign events and a powerful money-raising machine to the cash-strapped presidential candidate.

"President Bush is a huge financial asset to McCain in his role as fundraiser-in-chief," Republican strategist Scott Reed said. "Bush loves to raise money for the GOP, and he is needed now more than ever," he said.

The McCain campaign is enlisting many of the past top Bush fundraisers, including dozens of "Rangers" — moneymen who pledged to collect $200,000 apiece for Mr. Bush during his two campaigns. Many are just now beginning to dial up large donors for contributions to Mr. McCain.

"A lot of them have gotten plugged in with us in the last couple of weeks," said Charlie Black, a Republican strategist who is now one of Mr. McCain's top advisers. The Bush endorsement "is message to them that if you're still on the sidelines, you need to help."

More importantly, the McCain team has enlisted Mercer Reynolds, the finance chairman for Mr. Bush's re-election campaign, to help bring in cash.

Mr. Reynolds, who recently said he plans to rebuild his fundraising team, raised nearly $260 million for the president's 2004 bid.

"Mercer's already lined up a lot of the top Bush fundraisers," Mr. Black said.

Republicans have traditionally far outraised Democrats in presidential campaigns, but the opposite has been true this cycle. Mr. McCain raised just $12 million in January and about the same amount last month — even after he had ostensibly wrapped up the nomination. His two Democratic opponents, meanwhile, have hauled in more than $135 million so far this year, with Illinois Sen. Barack Obama receiving $50 million last month alone.

Mr. Bush yesterday made clear that he intends to hand over his massive fundraising apparatus to Mr. McCainand campaign with the senator.

"I can help raise him money, and if he wants my pretty face standing by his side at one of these rallies, I'd be glad to show up," the president said with a laugh.