We're seeing some new jousting now between the Hillary and Obama camps over February fundraising hauls. Camp Hillary says they're going to hit $35 mill. Meanwhile, Obama's folks are saying they're on track to raise "considerably more" than that.

But this is a case where it's important to step back from the intramural squabble and look at the bigger picture. It would seem that the Dems as a whole, or at least the two remaining presidential candidates, are on track to raise some number in excess of $70 million in the short month of February. Maybe Obama will raise $45 million, who knows. But even if he does, $35 million would have been a shockingly large sum as recently as, well, last month. The impact of the small-donor fundraising engine the Dems are sitting on is difficult to overstate going into the summer and fall.