Sweet: Penn, Wolfson arguing in conference call now why Obama is not electable. Obama hauls in more than $40 million in March.

SHARE Sweet: Penn, Wolfson arguing in conference call now why Obama is not electable. Obama hauls in more than $40 million in March.

SKOKIE, ILL.–The Clinton campaign Thursday morning conference call is featuring communications chief Howard Wolfson and top strategist Mark Penn. The call is in progress, but off the top Penn laid out what he called the “powerful arguments” about Clinton’s electability. Meanwhile, the Obama campaign said it raised more than $40 million in March, another big haul and more than Clinton’s monthly figure.

Both candidates are heading to California for fund-raisers this week–and while Clinton has also raised a lot of money–her team did not offer a figure this morning–there are two points that are significant: Obama is outspending and outraising Clinton and Clinton and Obama are both outraising Sen. John McCain (R-Az.)

“At the end of the day, she is the one who is the most electable” McCain Penn just said.

“Sen. Obama’s lead is almost all from caucuses,” Penn said.

He said Clinton is doing better with critical swing voter groups.. middle class, Catholic, women and Latino voters.

The Clinton campaign launched a petition drive to put pressure on Democratic party leaders and Obama to have the Michigan and Florida delegates seated at the Denver convention in August.

From the Obama campaign…

March Fundraising by the Numbers

Total Raised in March: More than $40 million

Contributors in March: More than 442,000

First-Time Contributors in March: More than 218,000

Average Contribution: $96

Total Contributors to Date: More than 1,276,000

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