Obama Raises “Only” $22 Million in May

[Hope And Change]

Obama Raises “Only” $22 Million in May


Friday, June 20th, 2008

His worst $$$ month of 2008 leaves him with $43 million cash on hand (with $10 million of that for the general election).

McCain was at near-parity for the month.


http://thepage.time.com/2008/06/20/obama-raises-only-22-million-in-may/

[Zynx]

1. Obama raised $22 million from half the party. McCain could only raise as much with

the entire party behind him, plus the fact that Democratic donors are much closer to tapped out than Republican ones since so many sat out their primary season.

[Jeff In Milwaukee]

15. Tapped? Hardly...

Obama average contribution is $200. He could double his funding to date and still not be close to tapped.

[Zynx]

17. The issue is that the big donors have already shot their wad though.

So in the first $280 million that Obama raised, if say $100 million came from big donors that are tapped now, it becomes more difficult to keep up the same amount donations coming in.

[Heather MC]

21. He still has Hillary's big donors to run through.

That's an untapped resource, well minus all the lobbyist donators she had

[Jeff In Milwaukee]

22. That is not the issue.

Only about 15-20% of Obama supporters are maxed out. He still has about 1.25 million donors who can (and will) give more. As I said in my first post, the average Obama donor has given less than $200.

One Democratic fundraise was quoted as saying that Obama could raise $500 million.

[Zynx]

26. However, how many of them are capable of giving $2,300? Not nearly a majority

I venture to say.

[Jeff In Milwaukee]

29. One million-plus donors...

At an average of $200 each (assuming they all give again) comes to more than $200 million dollars.

My point in all this is simply that raising money is going to be the least of the Obama campaign's worries.

[Rosa Luxemburg]

2. only?

there's a lot more to come

[high density]

3. Same sort of headline over on MSNBC

McCain sneaks up on Obama in money race
Republican brought in just $400,000 less than White House rival in May

http://www.msnbc.msn.com/id/25296564/

I think this shows the effect of primary fatigue more than anything else.

[Labors of Hercules]

8. actually, it shows how easy it is to spin a story

by leaving out critical details and context to give an impression that is false.

What the M$M would call "just doing their jobs."

[Hope And Change]

4. Obama Raises $22M In May, Now Has $43M In Hand

Obama Raises $22M In May, Now Has $43M In Hand


Campaign '08 Complete Coverage

About The Candidates & Issues

WASHINGTON (AP) ― Democrat Barack Obama raised $22 million in May for his presidential campaign, his weakest fundraising month this year, and ended the month with $43 million cash on hand, while former rival Hillary Rodham Clinton sank deeper in debt.

Obama, who has been the fundraising leader throughout the presidential contest, entered June on virtually the same financial footing as Republican rival John McCain -- a level of parity that would have been unimaginable just a few months ago.

Details of the candidates' May fundraising, filed Friday in reports to the Federal Election Commission, came a day after Obama announced he would become the first major party candidate to forgo public financing in the general election. McCain has said he will accept the public funds, which will limit him to spending about $85 million from September until Election Day in November.

McCain raised $21 million in May and ended the month with $31.6 million in the bank. Of Obama's cash on hand, $10 million is available only for the general election, leaving him with about $33 million to use between now and the party conventions in late summer. Obama reported debts of $304,000; McCain had debts of $1.3 million.

Obama's decision to forgo public funds permits him to use leftover primary money in the general election. McCain cannot.

more...

http://cbs4.com/campaign08/Obama.Raises.22.2.753510.html

[jenmito]

5. The "only" reason he "only" raised $22 million in May is because many of us knew he wrapped up the

nomination and didn't NEED money then. That was then-this is now. I have no doubt he'll raise much more this month-with a tiny bit of help from me.

[polichick]

6. That's how I see it too - there will be plenty.

[jenmito]

9. Let the media keep talking about how May was his worst month ever without pointing out

that just MAYBE it's because he didn't NEED money at the time. When he raises so much more in June, we'll be laughing at them.

[Starbucks Anarchist]

7. So his "worst" is McCain's "best."

I think we'll be okay.

[rodeodance]

10. Obama Has Worst Fundraising Month of 2008

NOT A GOOD SIGN.



Obama Has Worst Fundraising Month of 2008

June 20, 2008 8:57 PM

Yes, it's still $21.9 million, but for Sen. Barack Obama, D-Ill., May was the worst fundraising month of 2008.
It was so bad, in fact, Sen. John McCain, R-Ariz. -- who had his best month with $21.5 million -- almost tied him.

Of Obama's total haul, $21,211,417 was designated for the primary. Obama has $43,147,333 cash on hand, $33,263,856 of which can be spent in the primary season

http://blogs.abcnews.com/politicalpunch/2008/06/obama-has-worst.html

[jenmito]

11. He wrapped up the nomination. He didn't NEED money in May. Hate to burst your bubble.

Are you voting for him in Nov.?

[jenmito]

12. Why no answer? Will you be voting for him in Nov.?

[alcibiades_mystery]

13. PANIC!!!!

:rofl:

[Mass]

14. But from now on, he will get twice as much, as Hillary clinton's supporters will listen to her.

[ecstatic]

16. I thought you were ... nevermind nt

[Hawkeye-X]

19. Thank you VERY much for your 'concern'. n/t

[Joe the Revelator]

24. Thanks for the concern....

[Egnever]

18. My theory is this was a bad month because a lot of people didnt want to pay

hillary's debt. I know my wife said she wont donate again untill that is settled I am sure there are many more like her.

[grantcart]

20. donations to Senator Obama's campaign cannot be used for Senator Clinton

Senator Obama is likely to approach big pocket donors who have maxed out to assist Senator Clinton as she is doing with her donors with a big fund raiser next Friday.

[woolldog]

25. Bingo.

I only found out later that he couldn't use his donor money to settle her debt. but I'm sure many people never found that out and the rumours dampened his fund raising.

[butterfly77]

28. Exactly, what I was thinking..

[IndyOp]

23. If $10 million is for the general, what is the other $33 million for?

Is the "general election" considered only that period of time after the convention? So the remaining $33 million is for use now until the convention?

:shrug:

[woolldog]

27. It's primary money.

But primary money can be rolled over into the GE.

[democrattotheend]

30. I think Tim Russert might be partly to blame for that

Or maybe it was Chuck Todd...whoever mentioned the night of the NC and Indiana primaries that Obama might help pay off Hillary's debt probably put a big damper in the primary night contributions that usually come in. A lot of people on Kos and here were saying they were holding off on donating until they were sure it would not go to Mark Penn or what not.