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MONTHLY ARCHIVES
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Obama Campaign Nets $51M in July; RNC, DNC at Near Parity
August 16, 2008 2:12 PM
Sen. Barack Obama’s campaign brought in more than $51 million during the month of July compared to Sen. John McCain’s $27 million during the same time period.
The campaign says it was a good showing considering that the Illinois senator was on his “world tour” for 10 days in July, with nary a fundraising event for a third of the month. More than 65,000 new donors contributed to the Obama campaign, according to a press statement.
“The 65,000 new donors to the Obama campaign demonstrate just how strongly the American people are looking to fundamentally change business as usual in Washington,” said David Plouffle, Obama’s campaign manager, in the statement.
It was the third-best fundraising month for the presumptive Democratic presidential nominee. In February, the Obama campaign raised $55 million; June netted $52 million.
Why did the Obama campaign put this out on a Saturday instead of Friday when Sen. McCain, R-Ariz., put out his lower figure? The Obama campaign says the money was still being counted on Friday.
But I will observe that stories about the Obama campaign being flush with cash don't exactly inspire donors to write checks, and given the DNC's cash disadvantage vis-a-vis the RNC, stories about how much more money Obama has than McCain are misleading.
The DNC announced today that it raised $27.7 million in July; the RNC reported just under $26 million.
However, the RNC reported having nearly $75 million cash on hand at the end of July compared to the DNC’s $28.5 million.
If you combine the cash on hand for RNC/McCain, you get approximately $96 million in available funds. The combined DNC/Obama money puts the Democrats in the same ballpark, which is no small feat for the Democrats who usually suffer financially compared to the GOP.
But it does mean that the two entities are at near parity despite Obama's proven ability to raise more money than any other candidate in American history.
- jpt
ABC News' David Chalian contributed to this blog. It has been updated since its original posting.
August 16, 2008 | Permalink | Share | User Comments (54)
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The polls are tied because of what the three major networks and cable news channels are doing with their reporting! McCain doesn't need to spend a dime advertising nor bother with having to explain any of his positions, actions, past comments with "PASS" that the media has given him in order to keep their "Talking Heads" political shows sponsored and on the air.
Posted by: Nathaniel McGee | Aug 17, 2008 1:14:12 PM
Read back through these posts and you'll see the McSame supporters are whining and that's all they have to offer! NO substantiation whatsoever. Screw 'em. Everything they offer against Obama, McCain has done or worse... A flip-flopping, war monger who doesn't understand the economy or the peoples financial pains.
There are a lot of us republicans standing in the shadows, quietly watching and waiting for our chance to be heard with our votes for Obama and more importantly, against McCain.
OBAMA in '08
Posted by: HeyYou | Aug 17, 2008 10:34:48 AM
Why is it only here that you keep on hearing clinton,mccain,mccain clinton,this started since january this year,as soon as obama got himself recognised, something is fishy here, sometime ago in my post i was praising Obama,they removed it as soon as posted it,then later i tried to be critical Obama,saying i am concerned obama will try to make some finger(gesture) at people while taking the oath office,surprisingly it stood and never was removed,on so many occasions they did the same thing to me,and as i always tried to use the same system again,it worked again and again,somebody somewhere at abc thinks hillary clinton and john mCcain has many things in common,what a joke? unless #"?_
Posted by: Adams | Aug 17, 2008 9:44:18 AM
With all that money and a damaged Republican brand, why are the polls tied?
1) Long democratic primary
2) Moderate republican candidate eith appeal to independents (though weak conservatives)
3) Republican concentration on advertising versus Democratic concentration GOTV.
Posted by: nickhodg | Aug 17, 2008 3:41:48 AM
Well, well well, so it finally comes out! This is the bigger issue that babyboomer women have with the Dem party. It is not that Hillary, our choice, did not get the nomination. It is that it is harder and harder to distinguish the two parties from each other. The Democratic party has moved so far away from their basic core principles that it is sad. And, even with their mimicking of the Reagan and Bush groups with their notorious k street, Obama is still virtually at a dead heat with mcCain. Something is radically wrong that he is not leading in the polls by leaps and bounds by this point in time if people are so concerned about change. Keep in mind that many fat cats like Kennedy and Kerry gave Obama their contributor's list on a silver platter so if you think he is not in the pockets of some wealthy institutions you are only fooling yourselves. I will not vote for anyone who represents this so-called new, watered-down, version of my beloved Democratic party. Myself and many others are going to send a message loud and clear that if you act like the Republicans, than it makes no difference who we vote for, so we might as well vote for the authentic original Republican party. We are boycotting the Democratic party until the powers that be wake the heck up. We have had enough with this nonsense and trickery. From now on, a huge chunk of women voters they will no longer be able to just assume that we will vote Democrat. They are going to earn us back every step of the way. I blame ourselves. We should have drawn this line in the sand a long, long time ago and didn't for some reason. But, now we have and are voting for John McCain.
Posted by: Mary Anne | Aug 17, 2008 12:31:34 AM
With all the harm Bush has done to our beloved Republic in the last 8 years, is it possible that Hillary supporters will vote for 8 more years of the McSame? Except much worse. Much worse on warmongering and throwing off men and women into harm's way. Much worse on the Supreme Court and the destruction of our justice system. Much worse on the economy and no taxes for those makinhg five million dollars a year. Much worse for women with adultery, C**T calling, and no funds for birth control but funds for viagra. I weep for our nation.
Posted by: shirl | Aug 16, 2008 10:42:21 PM
Keith...The biggest fund raisers include people like Julius Genachowski, a former senior official at the FCC and tech executive who is new to big-time political fund-raising; Robert Wolf, president and chief operating officer of UBS Investment Bank; James Torrey, a New York hedge fund investor,( 1BL); and Charles Rivkin, an animation studio head in Los Angeles. ...An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries. law, securities, real estate and entertainment. It is worth noting that UBS major 10 equity Funds have holdings that involve BIG OIL...EXXON AND BRITISH PETROL and HILIBURTON...THE CANDIDATE IS OBAMA..They ALL take oil money....Obama did not raise 51 Million by nickel and dime from people like you and me..LOL
Posted by: CuriousIndep | Aug 16, 2008 8:26:02 PM
I second everything Robert said!
HILLARY SUPPORTER FOR McCAIN....DNC IS A DIRTY ORGANIZATION.
Posted by: Debra | Aug 16, 2008 7:49:38 PM
Omentum...yeah that Obama is "trouncing" McCain 44 to 44. Really trouncing him.
McCAIN '08/HILLARY '12
Posted by: Debra | Aug 16, 2008 7:48:17 PM
REALITY CHECK---for Omentum...
Obama lost ALL and the important states
in the union on primaries.......
He manipulated the caucuses in ALL small
red states and got all the delegates...
DNC,PELOSI,REID,KENNEDY,RICHADSON,
EDWARDS and the rest of the SD endorsed
him,even after Hillary's big win.....
The whole fiasco WAS an inside job....
That's why millions of Hillary's supporters will vote McCain in
november........
Posted by: ROBERT | Aug 16, 2008 7:46:13 PM
I wonder where the plate is being passed for Obama.
Posted by: Kralizec | Aug 16, 2008 7:42:15 PM
REALITY CHECK..........
=======================
Obama raised a bunch of money...
but he CANNOT close the deal.....
What's the problem with Obama?????
Posted by: ROBERT | Aug 16, 2008 6:21:07 PM
+++++++++++++++++++++++++++++++
ROBERT ... HMMMMMM lets see
He raised record contributions for the primaries and REALITY CHECK..... He closed the deal. Hillary was sometimes 20 points in the polls ahead of him and he closed in and took the primaries.
HMMMM he's leading and at worst tied with McSame now.
In the Primaries he was the closer
In the Gen Election he is the trouncer.
OBAMA 08. Read'em and weep GOP!!!!
Posted by: Omentum | Aug 16, 2008 7:20:56 PM
tHIS ELECTION IS GETTING SICKENING. WHAT MUST THE REST OF THE WORLD THINK OF US SPENDING MILLIONS AND MILLIONS ON ONE ELECTION WHILE CHILDREN STARVE AND DIE FROM PREVENTABLE ILLNESS. AMERICA IS GOING CRAZY AND LOSING THEIR MORAL COMPASS.
Posted by: KARI | Aug 16, 2008 7:16:25 PM
Obviously the Republicans do not want the White House bad enough, and are not willing to ante up. Either that, or they see that the press's total failure to vet Obama means that he is inevitable, and so why waste the money.
Posted by: WestCoastMessenger | Aug 16, 2008 7:15:36 PM
Why is Obama so fake?
Posted by: young_voter | Aug 16, 2008 7:08:27 PM
Old Phil also had it right
THE GOP has become a party of Whiners
They are experiencing a mental recession.
Posted by: Omentum | Aug 16, 2008 7:06:19 PM
"51 mil. YES WE CAN" Nomentum)
....
You ought to be ashamed!
With all the poverty and foreclosures and huge gas bills and ever increasing food prices in this struggling economy.... you're taking money so that your presumptuous candidate can have an even bigger arena to announce his possible nomination?
How much would it cost this country should he actually WIN?
Is that the kind oc CHANGE we really want?
... and are they paying you to blog?????
=====================================
Indeed, you should be ashamed. When your candidate give the nod to the likes of Corsi to put out garbage, and put out ads with the likes of Britney paris and MOSES. Don't be hating just because your geriatric candidate cant even fill a bingo hall. We need a venue that will contain the HOPE that we have in cleaning up the putrid mess this present administration has gotten us and to prevent his third term.
and yes we will be addressing the foreclosures and all the other situations you mentioned. McBush sure isn't.
Dont feel like you are alone. Exxon Mobile and Walmart is just as nervous as you are!!!
OBAMA 08
Posted by: Omentum | Aug 16, 2008 7:01:12 PM
Lot of money. Obama could have stuck to his word and took public financing but forget intergrity. Most of Obama's surrogates suck too. Bill richardson can't think on the fly, now dean with his race comments. The only one I seen do a decent job for him was Hillary in Las Vegas a couple weeks ago. To me this is scary. I hope Obama plans on delivering on his promises, and I hope people think that the effects of 400 years of oppression will end automatically if Obama becomes elected.
Posted by: rachel | Aug 16, 2008 6:54:13 PM
Chad:
It's WRONG for ANY candidate to collect that kind of money to spend/waste on campaigning!
..
AND as others have mentioned.... it Obama has spent the most... but it doesn't seem to be doing him any good.
Frankly, I feel that if a candidate can't close the deal with a REASONABLE amount of money outlaid.... then maybe he wasn't meant to in the first place!
But feel free to keep on giving!
Posted by: eyes open | Aug 16, 2008 6:34:37 PM
REALITY CHECK..........
=======================
Obama raised a bunch of money...
but he CANNOT close the deal.....
What's the problem with Obama?????
Posted by: ROBERT | Aug 16, 2008 6:21:07 PM
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