Behind Obama’s $22 Million (and McCain's)

[ProSense]

*** Behind Obama’s $22 Million: To put Obama’s haul into perspective, do note that it came in the last month of a protracted, 17-month campaign against Clinton. And there was probably plenty of donor fatigue, especially since Obama’s campaign and supporters were pretty sure he had locked up the nomination on May 6 after the Indiana and North Carolina primaries. Clinton, for her part, raised $12.6 million. Also, Obama’s haul still exceeded McCain’s amount -- at a time when McCain was hitting nearly a fundraiser per day, when he received $4.3 million from three big joint fundraisers, and with a unified Republican Party behind him. What’s more, Obama couldn’t really begin raising money for the general election in May, given that he didn’t want to look like he was shoving Clinton out of the race. And Obama’s ability to raise money over the internet has largely depended on news events. Besides his victory in North Carolina, May included blowout defeats in West Virginia and Kentucky. To see if Obama is on pace to bring in $300 million in five months, we'll find out quite a bit next month, when the June numbers are released.

link

May fundraising:

Obama

Total Contributions: 21,901,101.49
Total Offsets To Expenditures (Refunds, Rebates, etc): 1,385,803.89
Other Receipts (Dividends, Interest, etc): 61,868.77
Total Receipts: 23,348,774.15

McCain

Total Contributions: 16,627,782.79
Transfers From Other Authorized Committees: 4,260,880.85
Total Offsets To Expenditures (Refunds, Rebates, etc): 583,197.23
Other Receipts (Dividends, Interest, etc): 21,868.85
Total Receipts: 21,493,729.72

There's that $4.3 million.


Note, if Obama's 2.5 million primary donors made the following total contributions over the next three months (July, August and September):

$75 (or $25/mo) - Obama would raise $187.5 million
$100 (or $33/mo) - Obama would raise $250 million
$150 (or $50/mo) - Obama would raise $375 million

[underpants]

1. Interesting

I noticed that all of a sudden everyone just loves them some public election funding.

[FrenchieCat]

2. Yep....the new "Cool" thing.......

Raising money from small individual donors; OK. Opting into Public Election funding; Priceless!

:eyes:

[uponit7771]

4. Maybe campaign finance should have a provision in that if the person is raising less than 200 a...

...person for 70% of their donations then it could be called public financing and the candidate has to keep the donations that low.

[ProSense]

3. RNC Retains $50 Million Cash Advantage Over DNC

RNC Retains $50 Million Cash Advantage Over DNC

Not sure how this helps McCain, there are a lot of Senate Republicans fighting for their political lives.


Still, donate, donate, donate.

[ProSense]

5. Good:

Mitch McConnell's Senate Seat Now In Jeopardy

[Coexist]

6. also, feel free to purchase Democracy bonds!