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:
Jake
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.
cleek
how much does the DNC have?
MattF
Just waiting to see how Mark Halperin parses this into good news for Guiliani.
Geeno
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.
Tim in SF
No donation today. Sorry, John. If Obama wants money, he can get it from the telecoms to which he just granted immunity.
Ed in NJ
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:
Ed in NJ
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.
Face
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.
Doug H. (Fausto no more)
I’m John McCain, and I approve this message.
Woodrow "asim" Jarvis Hill
And in toto with the DNC, it’s even better:
cleek
don’t the DNC and RNC spend money on congressional races, too? so not all of their money is going to the presidential races.
L. Ron Obama
According to Obama’s site, the $72 million is Obama($52) + DNC($20) combined . Not $92m.
wvng
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
wvng
re: L Ron’s comment. Plouffe corrected the website error in a n email this morning. Via carpetbagger:
AkaDad
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.
PeterJ
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.
wvng
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.
lojasmo
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.
The Grand Panjandrum
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!!!!!!!
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.
myiq2xu
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.
Notorious P.A.T.
Your candidate lost.
Doug H. (Fausto no more)
Fixed that for you, myiq1/2mybffmccain.
Ted
Wait till McCain gets in office and grants every member of the Bush administration retroactive immunity.
Cain
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
Tim in SF
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.
cyntax
Asuming Tim’s in the Bay Area, may I suggest Charlie Brown in CA-04 (Lake Tahoe and north to the border):
diary here
Billy K
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.
ResumeMan
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.
Thomas Jackson
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.
ResumeMan
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?
I Will Remember In November!
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.
EL
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.
I Will Remember In November!
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
cain
I see your PUMA and raise you two Thundercats.
cain
EL
I Will Remember In November! Says:
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.
I Will Remember In November!
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?