by Mark Silva
Sen. Barack Obama's campaign raised $52 million in June, his campaign manager said Thursday morning - not quite a record for the high-flying campaign, but close to it. The campaign had raised $55 million in February, during the Democratic primaries.
But it's still more than twice what Republican rival Sen. John McCain raised during June -- $22 million.
Yet the Republican National Committee, which is backing the party's presidential candidate with its own resources, also had nearly $68 million in the bank - a combined treasury which the Obama campaign was mindful about in reporting its own June haul.
"Supporters like you helped raise $52 million,'' campaign manager David Plouffe said in an e-mail to campaign supporters this morning. "And together with the DNC, we now have nearly $72 million in the bank. That's a very strong financial position to be in. ''
Yes it is - with the candidates running close in the midsummer polls - and a record presidential fundraising year unfolding.
"The McCain campaign and the Republican National Committee finished June with nearly $100 million in the bank,'' Plouffe said Thursday, asking for yet more money in a repeat appeal to small donors who are being tapped many times. "We can't stop now. It's going to take everything we've got to defeat John McCain and his allies in November. ''
In this battle of big bucks, the Obama campaign closes with a modest request that is emblematic of the widespread, small-donor appeal that it has made from the start. Plouffe asks: "Can you make a donation of $5 now to strengthen our movement for change?"






Comments
This type of activity makes it very clear that the presidency is up for sale. What it doesn't make clear is how that money will be spent. And who the insiders are who will be profiting the most, now and in the future.
Posted by: Devon | July 17, 2008 7:53 AM
Maybe this means Obama can get by without Hillary's petulant deep-pockets. But there still has to be concern at Obama HQ over what happens when their own donor base taps out.
http://www.political-buzz.com/
Posted by: matt | July 17, 2008 7:57 AM
How would you get the idea from just that that the presidency is for sale? I mean, if you want to talk about presidencies for sale, then you should just read this. It's starting to look like the American people are for sale too. And don't even know it.
http://warofillusions.wordpress.com/2008/04/18/buyer-beware/
Posted by: Blamegame | July 17, 2008 8:19 AM
$52 million, now that shows you how dumb us whitey's really are.
Posted by: BCC | July 17, 2008 9:05 AM
We will never know how much of Obama's money comes from the middle east-
Posted by: George | July 17, 2008 9:08 AM
I see it a little differently, and give the Obama camp credit for going down this path.
I think there are many people who consider donating to his campaign, but can't afford a larger donation, even at the $25 level, in this economy. By asking for as little as $5, people can feel they're making a difference without hurting themselves financially.
It's a great move.
Posted by: Susan | July 17, 2008 9:33 AM
Someone has to start looking at where this money is coming from. But that won't happen until after the election. If the media were interested in unbiased reporting, someone would raise this question.
Posted by: Phil | July 17, 2008 9:38 AM
Are there really people out there that have not made up their mind on who they are going to vote for come November?
Are these people waiting to be bombarded with campaign ads before deciding?
This is a BIG waste of money, in my view.
Posted by: thomas | July 17, 2008 9:43 AM
Screw this militant and his dirty, socialist agenda. Thanks New Yorker, cover's worth a thousand words. Majority of Americans are pretty stupid and don't read, especially the New Yorker!
Posted by: Jimmy P - Chicago | July 17, 2008 9:46 AM
"We will never know how much of Obama's money comes from the middle east."
Oh, George, you sad, pathetic, little person. Be a man, use your brain! Obama's money comes from people right here in the US of A - people who want a new day - people who want to earn back the respect of the rest of the World right along with their self-respect. In short, his campaign money comes from people who can give that hard-earned $5 and know that it will be used well.
Posted by: Pam Faulkner | July 17, 2008 9:51 AM
"Rich Elite Fools" are still opening their Louis Vuitton checkbooks and wrighting those checks to "uncle Obama". They just can't wait for him to get elected and raise their taxes. Boy how did any of these people ever make a buck. I guess they cheated their way thru life. But thats why they are the "Rich Elite Fools"
VJ Machiavelli
http://www.vjmachiavelli.blogspot.com
Posted by: VJ Machiavelli | July 17, 2008 10:06 AM
The Democrats should save some of that money for the army of lawyers they will need when the Republicans try to steal a third straight presidential election.
Posted by: Dave | July 17, 2008 10:17 AM
Look at what the right uses to criticize Barack Obama. All non-issues. They have no legitimate attacks against this man. And as to the posting by Jimmy P of Chicago. That cover of the New Yorker was to prove just how rediculous and devious the right is being by trying to dupe the idiots in its own political party into repeating thier lies in thier attempt to smear the left. Thanks for proving thier point Jimmy!
Posted by: mbr47 | July 17, 2008 10:37 AM
It's not the "Rich elite fools" giving money to Obama online, it's a large number of small donors.
But that is not what puzzles me Mr vj. What never ceases to amaze me is that the actual rich elite, the Republicans, manage to get the number ordinary citizens they do, duped into voting for them. Have you not figured out that the wealthy republicans are a small minority and that they would not win any elections if it weren't for fools like you who give them your vote so they, can keep the rich very rich and strip basic services for us?
Foolish, indeed.
Posted by: Robert Smith | July 17, 2008 10:57 AM
Tony Rezko and Nadmhi Auchi didn't come from right here in the USA, Pam.
What Silva and the national media are failing to report is that McCain and the RNC have actually taken the fundraising lead here. They have more cash on hand ($95 million to $92 million for Obama and the Dems) and will be positioned nicely to take on Obama in the coming months. Obama is selling his office to the highest bidder to try and catch up and skirting campaign finance loan by refusing to have his bundlers registered as federal lobbyists. The tide has turned.
Posted by: Jeff | July 17, 2008 11:22 AM
mbr47--I know, you're right. Transparent fund raising is SUCH a non-issue. Its not like those dontaions can be bundled...oh wait, they can?
Hussein, why dont you disclose that donor list? Yes you can!
Posted by: Young Republican | July 17, 2008 11:23 AM
Actually, McCain is ahead by $84 million, because he gets that in public financing the day after his convention. Obama still has to make the money up. Real smart move by Barry to go back on his promise to the American people to participate in a publicly financed campaign. He's just not too good when you take him away from the teleprompter is he?
Posted by: Jeff | July 17, 2008 11:25 AM
To those on the left who say us on the right have no legitimate criticisms of Obama--it's true, the media has fueled stupid criticisms, but conservatives have Real Problems with Obama, namely his voting record. I disagree with 90% of the votes he's made as a Senator. That's all.
Posted by: Jared Stein | July 17, 2008 11:33 AM
What happens to the money when he loses?
Posted by: edward | July 17, 2008 11:42 AM
I think the amounts of money being spent on the primaries and the elections are obscene. If we Americans are being hurt so badly by this economy, where is all this money coming from? Did you ever try to figure out how many Americans had to contribute, at what amount, to raise $55M in a month? The U.S. population is just over 300M. How many of those are adults, and how many of those adults are Democrats, and how many of them would give to Barack Obama? It doesn't compute for me - when I start doing the numbers those are not small donations! Someone is financing this campaign besides the little people and the "small" donations they keep talking about! Again, non of this makes sense to me - this money should stay in the economy, not be used to pay TV stations for commercials, etc.,!!
Posted by: AnneB-IL | July 17, 2008 11:43 AM
It doesn't matter if the bigoted Mr. Obama raised a $152 million, a recent poll by the very conservative N.Y. Times found that Obama has only a 31 % favorability rating amongst whites. Hey billr and johnny everdumb can you say Reagan Democrats ?
Posted by: Don B. | July 17, 2008 11:47 AM
The amounts of money being raised on this years Presidential Election is just believable. They say the economy is sluggish at best but it seems some people out there have the extra money to throw into this election. Maybe we should save time and money and just auction off the U.S. Presidency to the highest bidder. This happened in Ancient Rome in 192 A.D. when a wealthy Roman Senator, Didius Julianius, won the position of Emperor in an auction. But he lasted only six months when he was overthrown by the army.
Posted by: Depot Jim | July 17, 2008 11:49 AM
How much did Tony Rezko give this time?
Posted by: joe | July 17, 2008 11:49 AM
Dave, explain exactly how 3 million more votes for George W. Bush than for John Kerry was "stolen?" Typical Obama supporter, the truth is no impediment to your political greed.
Posted by: Jeff | July 17, 2008 11:54 AM
And of course we are to believe that it came from $50 and $100 donations from his little people. Ok, I'm gullible. What other stories do you want me to accept as fact? Why don't all these people with their "little" donations put their money to good use, like feeding the hungry, maybe the American Cancer Society, or how about helping out the people that are being made homeless with their children. I am proud of my country, but the people in are starting to disgust me.
Posted by: RFB-IL | July 17, 2008 11:57 AM
Attack the messenger, eh Jeff?
Here is your explanation:
http://www.rollingstone.com/news/story/10432334/was_the_2004_election_stolen
Posted by: Dave | July 17, 2008 12:04 PM
McCain has the nerve to break the law that bears his very own name (McCain-Feingold Campaign Finance Reform Law). The corrupt Republican crooks are plotting their election theft at this moment.
Posted by: Dave | July 17, 2008 12:07 PM
According to most Democrats...we are in a deep recession.... and people are choosing between their prescription drugs or filling their gas tanks!!! But somehow, these same people come up with millions and millions of dollars every month to fund the campaign of a flawed candidate for president!!! Amazing!
Posted by: joe | July 17, 2008 12:20 PM
To AnneB, my math puts it at 765000 donors for the month of June (based on the $68 per donor average). So he managed to convince a whopping 1% of registered democrats (72 million in 2004) to give money to him. Not exactly a huge percentage overall...
Posted by: Chris | July 17, 2008 12:28 PM
I am 27 years old and although I don't have much money and have never given to a campaign before I have donated 25 dollars to Obama's campaign in increments of 5 to 10 dollars. I know at least 6 other people who have donated between 20 and 40 bucks. Small donations. Believe it.
Posted by: Chad | July 17, 2008 1:00 PM
52 MM??
There's plenty more where that came from.
Most of the donors gave an average of $85 so there's a very deep well to keep going back to.
I'm tapped out for the primary, I believe, but can still give $2000 for the general election.
If Ploufe really put on the pressure, he could probably take in $100 mm in a month.
They are actually exercising restraint, holding back a bit, it seems.
This is not corporate or lobbyist money by any means.
Posted by: ornery | July 17, 2008 1:31 PM
Our "change agent" is bringing about just the right kind of change we need, already, and he has not even started working in the Oval Office yet ! He has changed his position on: the 2nd amendment, FISA law, public financing, dividing Jerusalem.... Now he's off to Iraq to see whom we shall surrender to. Question - how many new outlets, besides Fox, reported that last weekend Obama's website literally REMOVED ALL NEGATIVE REFERENCES to the MILITARY SURGE that he declared a failure before it started ?
Posted by: Change Needer | July 17, 2008 1:33 PM
I could believe that, only if I could not add and subtract. Opensecrets.org shows his May closing at $43 Million. So if he raised $52 Million in June, he should have more like $95 Million. So, either the DNC is $23 Million in debt, or $52 Million is his gross, not his net for June. Or has Opensecrets.org been misinformed? I guess he has until Monday to say whatever he wants. Official reports are due July 20.
Posted by: Not Fooled | July 17, 2008 1:41 PM
I guess the comments show the quality of thinkers we have voting this year.
"I hate you"
"no i hate you more"
"you are all morons"
"no you are"
Posted by: chrisb | July 17, 2008 2:17 PM
Not Fooled, Here's a hint..."Raised $52 million" means that is his income from donations. In other words, that is not his net for June. Hope that helps.
Posted by: Tom O | July 17, 2008 2:21 PM
Jeff, McCain gets $84 million if he agrees to a general election spending limit of $84 million. That's what he'll do only if he can't raise more on his own.
Posted by: Tom O | July 17, 2008 2:38 PM
Wow, a bunch of whining idiots you all sound like.
First, the $50/100 donations do add up, and they're for BOTH candidates (not just Obama or McCain).
The vast majority of Americans will not donate anything to either candidate, but there are many (myself included) who periodically donate in smaller amounts as is evidenced by both parties coffers.
"Not Fooled", you are forgetting that they SPEND the money that comes in, the total sums remaining are AFTER SPENDING (not a running total which would be even higher than your $95M figure).
It would be great if the estimated $1 BILLION cost of this election could be pumped into the economy somewhere other than into the pockets of TV/Radio corporations, but the sad truth is that it wont.
Posted by: urbaneddie | July 17, 2008 2:42 PM
All the money in the world won't buy the political experience Obama is sorely lacking.
He is not fit to run this nation.
Posted by: Bleu | July 17, 2008 3:14 PM
Tom, you're wrong as usual. McCain has until the convention to opt in to the public financing system. The GOP convention isn't until september. Until then his campaign is free to raise and spend whatever it wants. AFTER the convention he's limited to $84 million plus what the RNC has. Obama has outsmarted himself.
p.s. If you believe Rolling Stone reports unbiased and honestly than you deserve the government you get.
Posted by: Jeff | July 17, 2008 3:15 PM
Jeff, I got my info from the public financing rules posted on the FEC website. I know McCain played fast and loose with the rules in the primary, so maybe he can get away with it again, but my bet is he'll opt out if he can raise more than $84 million on his own.
Posted by: Tom O | July 17, 2008 3:52 PM
Whoever believes that the $52 million raised was from $5.00 is really living in a fantasy land. Please do your math: How many donors would it take to raise $52 million if most people, if not all, donated $5.00?
Posted by: chitown independent | July 17, 2008 4:10 PM
I see all of the regulars out out and in full form. I KNOW YOU ARE SCARED. Its just not possible that there are smarter people out there than you?? Its simple, the majority of Americans are simply tired and have thrown their support behind a ONCE in a lifetime candidate. And yes, he and his campaign are very a talented bunch. A five dollar strike at the evil empire seems harmless, but it all depends on how many are striking and how many times they strike. For the struggling masses like myself; I am going to get in as many strikes as I can and as often as I can!
Don't blame it on Obama, blame REPUBLICANS who have made a complete mess of things - who at the same time continue to talk and walk like a proud peacock instead of the ugly ostritch they are!!!
Posted by: Keith Lifetime Chicagoan and Southsider | July 17, 2008 4:54 PM
obama's money will continue to fuel his propaganda machine, creating the 'obama illusion'... but no matter how much they spend, they can't change the fact that the more people actually know about obama, the more they dislike.
Posted by: curtis | July 17, 2008 5:22 PM
Comrade Robert Smith,
The reason people vote of all races and income levels vote Republican, which includes opposing unreasonably progressive taxation schemes, is because there is common sense in allowing every American citizen a fair chance at working towards a better life. The existence of personal opportunity is the main reason why in the last century tens of millions of people have left their countries to seek their future in America. Obama himself chose to return to the US and did not remain in Kenya.
A governmental policy of punishing achievement would quickly compromise America's appeal and would render it into yet another commonplace socialist / communist enclave like most countries of this world. And if you are indeed an American citizen and are unhappy with this state of affairs, please feel free to leave immediately. A place like France might be more appropriate for you - with its riots and suffocating taxes, you will surely feel right at home.
Posted by: CC | July 17, 2008 6:17 PM
If you're looking for the Candidate supported by the middle east look no farther than John McCain.
Tom Loeffler, the former National Co-chair for Mxccain was paid over one mjillion dollars as a lobbyist by the Saudi government during the period he worked full time for the McCain campaign. During that same period, he registered ZERO meetings on their behalf.
The radical islamic dictatorship of Saudi Arabia is underwrting the staffing costs of the McCain Campaign. What did the Saudis get in exchange for that generosity? What did McCain promise them? Whatever it was, I assure you it was not in the interest of the American people.
http://www.nysun.com/national/saudi-lobbyist-quits-mccain-campaign/76595/
Posted by: K-street | July 17, 2008 9:59 PM
Where is this money coming from ? Its not from the Average black or white family in America. If they cannot afford gas they certainly cannot affod to send hundreds to Barry boy...so where is this money coming from ? The middle east- Africa ?? Where ? We cannot trust this man..something is really wrong here ..Wake up America !!!
Posted by: jimbo | July 17, 2008 11:56 PM
chitown independent, Nobody believes the $52 million was all five dollar donations because the Obama campaign reported the average donation was $68. I did the math. That works out to 764,706 individual donors. Not bad. McCain will be counting on big money donors to the RNC.
Posted by: Tom O | July 18, 2008 12:32 AM
It's terrible that Obama goes after people who can't really afford to donate. The kind of people who are so poor that all they can give is just $5. Obama's asking people to give up their gas or rent or grocery money so that he can be president. But does anyone really believe that Obama, if elected, will pay more attention to a $5 donor than his fat cat Hollywood friends who donate thousands? Wake up people.
Posted by: Ryan | July 18, 2008 12:54 AM
Dear Robert Smith
You need to do a little research "Uncle Obama" is going to raise taxes on the "RICH". He is getting 55% of his funds from the "Rich Elite Fools" who wear Gucci shoes, and write checks from their Louis Vuitton check books.
They live in the "RICHIST ZIP CODES IN AMERICA. They seem to want to pay more in taxes.
Now McCain is getting funds from the "Smart Rich Elite" who want everyone to pay "LOWER TAXES"
Now I guess the "Rich Elite Fools" are counting on the Republicans to block any tax raise on them.
Well Maybe the Republicans should not come to their "AID" lets tax them to the poor house.
VJ Machiavelli
http://www.vjmachiavelli.blogspot.com
Posted by: VJ Machiavelli | July 18, 2008 2:12 AM
Ryan, I'll tell you what's terrible. It's terrible to have my government run entirely for the benefit of Republican campaign contributors were allowed to write their own legislation. I can't afford the $2300 maximum, but I'll chip in what I can afford to avoid another 4 years of that garbage.
Posted by: Tom O | July 18, 2008 10:45 AM