Archive for Friday, July 18, 2008
Obama fundraising far outpaces McCain’s
July 18, 2008
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Amid a stepped-up fundraising schedule, Sen. Barack Obama's campaign said Thursday that it raised $52 million in June, posting his second-best month of the year and a total more than twice as high as the amount reported earlier by Sen. John McCain.
The presumptive Democratic presidential nominee's campaign announced the figure in an e-mail to supporters that urged additional contributions.
The June total was $30 million higher than what Obama raised in May, a month considered a bit sluggish for a candidate who has repeatedly shattered fundraising records.
McCain, the presumptive Republican nominee, had reported raising $22 million in June, a record for him. Obama's monthly record of $55 million was set in February.
Unknown is how much Obama spent in June, as he moved from competing against Sen. Hillary Clinton for the Democratic nomination to a general election battle with McCain. That number will not be reported until later this month.
Obama appears to be spending aggressively, opening dozens of offices in battleground states as well as traditionally Republican states. His campaign has also started to run television ads in 18 states, as well as selectively on nationwide cable.
At the end of June, Obama and the Democratic National Committee had a combined $92 million in the bank, while McCain and the Republican National Committee had about $95 million.
Even as he reported the monthly total, Obama campaign manager David Plouffe asked for more. "Can you make a donation of $25 now to strengthen our movement for change?" he wrote to supporters.
Obama decided to bypass the public financing system for the fall campaign, allowing him to raise and spend as much as he likes. McCain has agreed to participate in the system, as have all previous presidential nominees since it was established more than three decades ago following the Watergate scandal. He will get $84 million in public money.
The Illinois senator would have received the same amount for his general election effort. Instead, his campaign has set a goal of raising $300 million during a five-month period that ends in October, which means his June total of $52 million is slightly behind pace.
In almost every major city Obama has visited in recent weeks, he has spent time attending fundraisers to boost his campaign fund and one he shares with the DNC. Last weekend, for example, he raised $1.2 million in a single stop in Newport Beach, Calif.
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18 July 2008
at 6:22 a.m.
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bondmen (Anonymous) says…
Barack Hussein Obama is the big money candidate of the rich and powerful, including the rich and powerful from overseas.What, I wonder, are the rich and powerful expecting from BHO in return for their big money contributions? Hope and change? Nope, just more of the same!
18 July 2008
at 8:45 a.m.
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peach_plum_pear (Anonymous) says…
that's just conjecture, bondmen.Obama can raise so much money because he's been an empowering figure to minorities and young voters, making people feel like they can finally be represented in the highest office.