You're not correct. This last month of the election the McCain campaign and the RNC had allotted $160 million for advertising and other efforts. They collected much more before then, especially after the Palin selection.
I stand corrected, then, with respect to the totals available to the parties.
However, the McCain campaign is limited to $84 million.
The Obama campaign has raised a billion of more.
The Donkeys have WAY MORE money than the Republicans.
Way more.