Some folks are ready to write off Fred Thompson due to early fundraising numbers.

Fred Thompson plans to announce Tuesday that his committee to test the waters for a Republican presidential campaign raised slightly more than $3 million in June, substantially less than some backers had hoped, according to Republican sources.

Thompson plans to make the disclosure in a filing with the Internal Revenue Service, as he continues to operate his prospective campaign as a political organization that does not require disclosure to the Federal Election Commission.

Many Republicans had seen the “Law & Order” actor and former U.S. senator from Tennessee as a potential savior in a tough election cycle.

He attracted support from such top-shelf party figures as Mary Matalin, Liz Cheney, George P. Bush and other GOP stalwarts who saw him as a potential Hillary Clinton slayer.

But many Republicans have turned queasy as Thompson has ousted part of his original brain trust and repeatedly delayed his official announcement, which is now planned for shortly after Labor Day, in the first two weeks of September.

Some are already saying a prospective Thompson run is a flop. “I just don’t see it anymore,” said a key Republican who had been extremely enthusiastic about a Thompson candidacy.

"That number is really underwhelming. There were indications it could be double that. They've been saying that people were waiting for Fred, and the money was going to pour in. He looks like he's already losing momentum."

Some thoughts on this.

1) This represents only a one month's worth of fundraising. All things considered, not bad.

2) Exploratory committees are only supposed to raise "what could reasonably be expected to be used for exploratory activities”. As Captain Ed has pointed out, Politico (which now is questioning the "low" numbers) raised that issue weeks ago -- and there have already been accusations by the KOS-sacks are, in fact, accusing Thompson of raising TOO MUCH money under that provision.

3) There are many Republicans, especially among the grass roots, who don't give to exploratory committees -- we wait for a candidate to formally announce before writing our checks.

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