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You are here: Home / Past Elections / Election 2008 / Number of the Day: 52

Number of the Day: 52

by John Cole|  July 17, 20087:33 am| 36 Comments

This post is in: Election 2008

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Good showing for Obama in June:

Sen. Barack Obama’s campaign raised $52 million in June, his campaign manager said this 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 today in reporting its own June haul.

You know the drill:

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36Comments

  1. 1.

    Jake

    July 17, 2008 at 7:44 am

    The impressive part to me was that, once again, the average donation was just $68. Lots and lots of first time, small donors.

    I do think they’ve got their work cut out for them in keeping this up though.

  2. 2.

    cleek

    July 17, 2008 at 7:44 am

    Yet the Republican National Committee, which is backing the party’s presidential candidate with its own resources, also had nearly $68 million

    how much does the DNC have?

  3. 3.

    MattF

    July 17, 2008 at 8:08 am

    Just waiting to see how Mark Halperin parses this into good news for Guiliani.

  4. 4.

    Geeno

    July 17, 2008 at 8:16 am

    Cleek – DNC’s been spending money on infrastructure in red states as part of the 50 state stategy so they really don’t have a bunch on hand. Around 10 Million if I remember correctly.

  5. 5.

    Tim in SF

    July 17, 2008 at 8:18 am

    No donation today. Sorry, John. If Obama wants money, he can get it from the telecoms to which he just granted immunity.

  6. 6.

    Ed in NJ

    July 17, 2008 at 8:19 am

    how much does the DNC have?

    From the Obama campaign website:

    Because of your generosity and commitment, we’re in a very strong financial position.

    The Obama campaign ended June with nearly $72 million in the bank — but the McCain campaign and the Republican National Committee finished June with nearly $100 million.

    It’s going to take everything we’ve got to close the gap and defeat John McCain and the Republicans in November. And we can’t do it without your continued support.

    So this is Obama’s second best month so far, and more than double last month, when all the pundits started talking about donor fatigue, Obama’s move to the center hurting his donations, blah, blah, blah. I wonder how the MSM will spin this into a bad thing. After all, we had all these articles like this one from Time yesterday:

  7. 7.

    Ed in NJ

    July 17, 2008 at 8:25 am

    whoops, here’s the link to the silly Time.com article about donor fatigue.

    Obama: The Half-Billion-Dollar Man

    Also, the campaign email states that “and together with the DNC, we have $72 million” so it’s not really clear how much of that is directly from the DNC.

  8. 8.

    Face

    July 17, 2008 at 8:39 am

    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

    Please never forget: they “lost” NINE BILLION DOLLARS in Iraq. Completely unaccounted for. Every time I see these just ridiculous sums the RNC somehow acquires, I can’t help but think those two things are related and will continue to be for many years down the road.

  9. 9.

    Doug H. (Fausto no more)

    July 17, 2008 at 9:01 am

    No donation today. Sorry, John. If Obama wants money, he can get it from the telecoms to which he just granted immunity.

    I’m John McCain, and I approve this message.

  10. 10.

    Woodrow "asim" Jarvis Hill

    July 17, 2008 at 9:03 am

    And in toto with the DNC, it’s even better:

    The Obama campaign and the Democratic National Committee ended June with a combined total of $92.3 million in the bank. The figure represents a notable fundraising jump, especially for the DNC.

    Obama reported $72 million cash on hand and the DNC $20.3 million.

  11. 11.

    cleek

    July 17, 2008 at 9:16 am

    don’t the DNC and RNC spend money on congressional races, too? so not all of their money is going to the presidential races.

  12. 12.

    L. Ron Obama

    July 17, 2008 at 9:21 am

    Obama reported $72 million cash on hand and the DNC $20.3 million.

    According to Obama’s site, the $72 million is Obama($52) + DNC($20) combined . Not $92m.

  13. 13.

    wvng

    July 17, 2008 at 9:22 am

    georgia10 at Daily KOS adds: “June is his second best month ever (he brought in $55 million in February). The stunning tidbit from June’s totals is that the average donation has decreased, from around $100 in February to $68 in June. In other words, while the average amount donated has decreased, the number of donations has increased. A lot.”
    http://www.dailykos.com/storyonly/2008/7/17/8221/55309/359/552891

  14. 14.

    wvng

    July 17, 2008 at 9:31 am

    re: L Ron’s comment. Plouffe corrected the website error in a n email this morning. Via carpetbagger:

    (I should note for those of you who may have seen the Obama campaign’s email this morning, Plouffe initially noted that Obama and the DNC had a combined $72 million. Plouffe then corrected his error — the campaign has $72 million in the bank, which combines to $92.3 million when the DNC is added to the mix.)

  15. 15.

    AkaDad

    July 17, 2008 at 9:42 am

    By raising less money now, compared to the primary, is a clear indication that voters are experiencing buyers remorse, which is good news for John McCain.

  16. 16.

    PeterJ

    July 17, 2008 at 9:45 am

    About the fundraising, read what Jed Lewison writes about how McCain has raised $62.5 million, of which $46.3 million comes from 1803 donors, through a public finance loophole. Also 86% of it had been raised before Obama decided to forgo public financing.

    Anyone still critical of Obama’s decision should have those numbers forced down their throats.

  17. 17.

    wvng

    July 17, 2008 at 9:46 am

    Yes, all is good for McCain. Especially when he loses in a landslide, it will be very very good for McCain. More time for tasty barbeques, with less pesky press around.

  18. 18.

    lojasmo

    July 17, 2008 at 9:59 am

    Obama/DNC have $93 million on hand”

    McCain/RNC have $95 million on hand.

    “Doesn’t the DNC also spend money on congressional races?”

    No. The DCCC does. The DCCC eclipses the RNCC in COH.

  19. 19.

    The Grand Panjandrum

    July 17, 2008 at 11:00 am

    Holy Shit! This is awful news. Obama only raised 95% percent of what he raised in his best month in the middle of a hotly contested primary season! Oh noes! Its over. John McCain will be President and we CAN’T DO ANYTHING ABOUT IT!!!!!!!

    Just waiting to see how Mark Halperin parses this into good news for Guiliani.

    Heh. What fascinates me is that these folks (e.g. Halperin, and much of the pundit class) are very bright people and willing “sell” their journalism. They apparently understand that a very large portion of the voting public is ignorant and will buy the bullshit and keep watching the “horse race”.

    Consider the Bush administration’s misleading information in the run up to the Iraq War. Exploitation of the of the publics ignorance with regard to most things political was thus accomplished. Any wonder Mr & Ms Q. Public fall for this shit time and time again?

    Once you gott’em hooked, you just reel’em in.

  20. 20.

    myiq2xu

    July 17, 2008 at 11:17 am

    Predict $100 million, only bring in half that much.

    Delay releasing the bad news, leak a report that only $30 million was raised, so that $52 million sounds like you brought in more than predicted.

    Playing the expectations game just like Bushco.

  21. 21.

    Notorious P.A.T.

    July 17, 2008 at 11:43 am

    Predict $100 million, only bring in half that much.

    Delay releasing the bad news, leak a report that only $30 million was raised, so that $52 million sounds like you brought in more than predicted.

    Playing the expectations game just like Bushco.

    Your candidate lost.

  22. 22.

    Doug H. (Fausto no more)

    July 17, 2008 at 12:06 pm

    Someone on the internet predicts $100 million, only bring in half that much.

    Fixed that for you, myiq1/2mybffmccain.

  23. 23.

    Ted

    July 17, 2008 at 12:36 pm

    No donation today. Sorry, John. If Obama wants money, he can get it from the telecoms to which he just granted immunity.

    Wait till McCain gets in office and grants every member of the Bush administration retroactive immunity.

  24. 24.

    Cain

    July 17, 2008 at 1:19 pm

    myiq2xu, you’ve lost that loving feeling. I remembered when you were funny. You sure you don’t need that hug? You should visit an Obama campaign office and volunteer; Iguarantee you’ll be accepted and loved.

    cain

  25. 25.

    Tim in SF

    July 17, 2008 at 1:32 pm

    Christ, I didn’t say he wouldn’t get my vote. I said I’m not giving him any money immediately following his capitulation on FISA. I simply have no desire to reward bad behavior.

    Some of the fucktards around here can’t see any middle ground between marching in lockstep with Obama and voting for Grampa Poopypants. There IS middle ground: rational, justifiable middle ground, and I’m standing on it.

    I’ll give Obama my vote but he’s not getting any money from me for a while. He can go hit up AT&T for cash.

    For now, I’d rather give my money down ticket in some other areas where it will do more good. Like Darcy Burner’s campaign, for example.

  26. 26.

    cyntax

    July 17, 2008 at 2:14 pm

    Tim in SF Says: For now, I’d rather give my money down ticket in some other areas where it will do more good. Like Darcy Burner’s campaign, for example.

    Asuming Tim’s in the Bay Area, may I suggest Charlie Brown in CA-04 (Lake Tahoe and north to the border):

    I flew missions that monitored electronic communications around the world—often with Soviet MIGs flying off my wing and hoping I’d make a wrong turn. Our standing order was “if you even suspect you are collecting data on an American citizen, you are to cease immediately, flag the tape, and bring it to a supervisor.” We knew failure to comply would yield serious consequences—the kind that can end your career, or worse, land you in jail.In short, professional, accurate intelligence collection guidelines were used to protect America “from all enemies, foreign and domestic,” without also undermining the very freedoms we were protecting.

    diary here

  27. 27.

    Billy K

    July 17, 2008 at 3:06 pm

    Yeah, I’m curious to see July numbers. The FISA-asco hit too late to really affect June. We’ll see if it affects July.

  28. 28.

    ResumeMan

    July 17, 2008 at 3:48 pm

    I’m sure that July will have a significant drop-off. Not just the FISAsco, but it’s the dog days, nothing much is really happening (look at all the hyperventillating over a magazine cover).

    Much of August will prolly be like that too, esp. with everyone distracted by the Olympics. But I’m betting that the last week of August will totally reverse that, and that during and immediately after the convention money will pour in like a waterfall. I bet he significantly outpaces his previous records in August.

    And then we’re off to the races. My guess is that Sept and Oct will make the primary numbers look like pocket change. People are gonna be super-fired up, and will donate as much as they can. Things like FISA and whatever the gaffe-du-jour is will be swept aside as the election approaches.

    This is gonna be big.

  29. 29.

    Thomas Jackson

    July 17, 2008 at 4:19 pm

    Well we all know that Obama rasied all this because he isn’t a politician and hasn’t sold out to special interests. He’s just as pristine as he was in Chicago ward politics.

    Wouldn’t you be doing everyone a service by showing the readers exactly who is funding both campaigns? Both candidates have sold out, but the idea that Obama is raising his money from small donors beggers credibility as is his pledge not to solicit corporate donations.

  30. 30.

    ResumeMan

    July 17, 2008 at 4:29 pm

    I don’t have the details, but (a) I don’t believe he ever pledged not to solicit corporate donors. I think he promised not to take money form *lobbyists* (correct me – with a link – if that’s wrong) and (b) what do you make of the $68 average if he’s not raising his money from small donors?

  31. 31.

    I Will Remember In November!

    July 17, 2008 at 7:29 pm

    Average $68/donations. How much of that $52mil is audited/reviewed by any third party. By “booking” donations under $200 the donations are not subject to review by at least the FEC. You people are delusional to think donations equate to votes. I believe that Obama is getting donations from overseas by his foreign supporters. Unless Obama can figure out a way to allow his foreign donors to vote, it will not matter. Think about it…Obama outspent Hillary 4 to 1, 3 to 1 in Ohio, PA and still lost because the Obama’s money is coming from foreign donations. Time will prove me correct.

  32. 32.

    EL

    July 17, 2008 at 9:20 pm

    John, would you put up a “Balloons” page for the DNC? If you do, I’ll contribute. I just checked my Actblue page, and I’m proud to say I’m halfway to maximum (for the primary season) for Obama. Time to start on the DNC.

  33. 33.

    I Will Remember In November!

    July 17, 2008 at 10:17 pm

    ResumeMan Says:

    I don’t have the details, but (a) I don’t believe he ever pledged not to solicit corporate donors. I think he promised not to take money form lobbyists (correct me – with a link – if that’s wrong) and (b) what do you make of the $68 average if he’s not raising his money from small donors?

    He is lying.

    PUMA

  34. 34.

    cain

    July 18, 2008 at 2:32 am

    PUMA

    I see your PUMA and raise you two Thundercats.

    cain

  35. 35.

    EL

    July 18, 2008 at 9:11 am

    I Will Remember In November! Says:

    He is lying

    Let’s see – at Balloon Juice alone, Obama has raised $24,640. Are corporate fatcats spending their working hours here and contributing through Actblue? Mutiply that by the links at other blogs, look at the various Actblue pages, and you get a pretty good idea. Actblue alone has raised 424,762. Consider the direct links on Obama’s website, links from Moveon.org, etc.

    But of course, none of that matters. You have a fixed idea, so “he’s lying”. Enjoy continuing to sabotage a candidate that agrees with yours 95% of the time in favor of a candidate that is against most of what she believes in. OTOH, I hope you don’t have to suffer the consequences – the rest of us will bail you out by contributing to and voting for Obama.

  36. 36.

    I Will Remember In November!

    July 19, 2008 at 8:59 pm

    Dear EL,

    Hillary is not the messiah. I support Hillary not worship her. She is free to support whomever she pleases and I am free to support her or “not the candidate you like”. It is called DEMOCRACY. I suggest you try some.

    BTW, Divide your $68 into $52 million. How many doners is that? Is it 1.5mil…is it?

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