Newly released campaign finance reports show that President Bush had about 100 times more money in the bank than either John Kerry or John Edwards. Bush had about $104 million at the end of month. Kerry’s campaign had a net balance of $1.2 million; Edwards’ net balance stood at just under $120,000. A spokesman for Kerry said “We will never catch up.”

Bush is running the richest campaign in history and is planning to spend $50 million over the spring and summer in the lead up to the conventions to attack the Democratic candidates.

On the party level, the Republican National Committee had just under $40 million at the end of January; the Democrats had about $14 million. Meanwhile, John Kerry has challenged President Bush to a debate about their military experiences during the Vietnam War.