It seems that the Bush campaign’s attempt to attack Kerry early and often has backfired. The attention on Iraq has mitigated their smear campaign, and they’ve already blown half their budget:

…of the advertising budget, $90 million, the Bush campaign has already spent at least $40 million.

By comparison, John Kerry has spent about $10 million.

… Making matters worse for the White House, the president’s advertising is now ratcheting down at the very time John Kerry’s is ratcheting up. Kerry’s campaign plans to double its spending on TV ads starting next week.

And they haven’t even begun to start selling cool new Kerry T-Shirts!!!