Breaking: Obama raised more than $30 mln in June - campaign

[Hope And Change]

A Very Green $ummer: UPDATE

UPDATE:

Obama's campaign reportedly raised well in excess of $30 million in June. Here's a link to http://in.reuters.com/article/worldNews/idINIndia-34482120080711">a weekend post from Reuters.:

The Wall Street Journal quoted people close to the Obama campaign as saying his total contributions in June would likely be just over $30 million.

Asked about the newspaper's figure, Obama's communications director, Robert Gibbs, said it was "way off the mark."

Asked if he meant it was more, he said he did. The campaign probably would not issue the June figure until close to the filing deadline of July 20, Gibbs added.

The June numbers is not likely a record month for the campaign. Though it would be greater than the amount raised in May.



Regardless of the final figure, it eclipses (not a surprise) the $22 million raised by GOP opponent John McCain as written about below.


http://thevote.abc13.com/2008/07/a-very-green--2.html">Read The Entire Article Here

[PM7nj]

1. Phew. I was.... concerned.

:hide:

[Muttocracy]

2. how do we factor in the RNC/DNC contributions at this point?

My impression was that McCain was far worse as an individual, but RNC was pulling in more than DNC?

[dontforgetpoland]

6. Why does the DNC always have so little money?

RNC has ~ $67.8 million (June numbers) cash on hand while DNC (May numbers) has ~$4 million cash on hand.
John McCain has $26.7 million cash on hand.

I can understand this year with a long primary season and such that people do not have the resources to give more to the DNC, but it seems to me for the last 3 years or so that the DNC cannot seem raise/maintain enough money to remain remotely competitive to the RNC. Looking back to April 2004, DNC raises $19 million and had $42 million cash on hand. The other Dem committees, DSCC and DCCC, were able to maintain a substantial amount of money, $38.5 million and $47.2 million cash on hand respectively, so why can't DNC do this?

[anonymous171]

7. Because the GOP has all the fatcat donors.

[slinkerwink]

9. the DNC said they raised $23 million last month

[dontforgetpoland]

16. Obama raised $23.3 million and the DNC raised only $4 million last month in May.

Well if the DNC counts Obama numbers as their own.

This is in comparison to the Republicans numbers.

John McCain raised $21.5 million and the RNC raised $24 million last month.

http://campaigndiaries.com/2008/06/23/may-fundraising-obama-and-mccain-raise-similar-amount-while-rnc-crushes-dnc-but-democrats-shouldnt-worry/"> May 08 Fund numbers

[wmbrew0206]

17. So with those numbers Obama was out raised by about $18 million

[writes3000]

3. Fantastic news! n/t

[AtomicKitten]

4. Well, that was mysterious this month .... I am relieved!

[Faygo Kid]

5. I donated every month this year, but haven't yet in July.

I will, but getting ready to move. Need to save my pennies; also for vacation. But my goal is to max out by November.

[wmbrew0206]

8. I hate to be a party pooper but this is NOT good news!

Since the DNC has so little cash on hand and can't help Obama, he needs to be raising much more than 30 million a month.

McCain raised 22 million in June and has about 4 million on hand. Combine that with what the the RNC has, 67 million on hand, and McCain has about 82 million for his campaign. Once McCain starts public financing, he gets another 84 million.

Obama decision to opt out of public financing means that he has to be raising more than 8 million a month more than McCain. At the current rate of 8 million a month, it will take him eight months to make up the difference between the DNC and the RNC, and the election is in five months. That is also assuming that the RNC donations stay constant and don't increase as we get closer to the election.

While the 30 million sounds like a go figure, it really isn't. We need to work hard to get out friends and family to donate to Obama and amke them understand while 30 million sounds like a lot and Obama might not need the help, he actually does!

[ErinBerin84]

10. yeah, but we don't even know how much he raised yet, right?

Not " more than 30 million" as in 31 million or something...more than 30 million as in disputing the WSJ claims (if the campain is bold enough to say "way off" , it prob isn't 32 million or something), but not releasing numbers yet. Isn't that right, or am I missing something?

[slinkerwink]

11. yeah, you're right on that

[wmbrew0206]

12. I think it is probably just over 30 million. If it had been more than you would have read

"...just over 32 million" or what ever the nearest round number was.

We need it to be closer to 40 than 30.

[ErinBerin84]

14. well, if it were that, then I hope

the Obama campaign would have just said "those are not correct numbers" instead of "WAY OFF", bc that would just make them look stupid. I guess we won't know until the numbers are out. But I agree it probably isn't as staggering number as has previously been raised.

edit: ok, never mind. The post had been updated and I didn't re-read that the Obama campaign said it was just over to 30 million. you're right, I'm wrong. So, why did the Obama campaign say "way off" the other day? That was stupid.

[4themind]

13. Yup I think you're right

He needs to raise more money, I'm trying to do my part, as I'm just a student with some savings but no income, but I think he needs to be at least 40 million a month and from what I read, sources in the campaign were hoping for 50 million. What I'm interested in finding out though is how much money has already been accrued just for the presidential election (i.e. money that was donated months ago but for the G.E. specifically)

[wmbrew0206]

15. I think what ever Obama has "on hand" is what was set aside for the GE

I could be wrong, but I think the last month when the figures came out Obama had about 5 million more than McCain did in "Cash on Hand."

The difference between the RNC and the DNC cash is what is hurting us right now!

[AllentownJake]

18. Donor Fatigue

Plus the raising cost of everything in the economy causing people to have less to give. June and July are going to be thin months.

August and September will be the months when things pick up again. His biggest month was March when Hillary vs. Obama was giant news. Does it suck, yes but people are taking a break right now.

[Median Democrat]

19. This Is Why I Did Not Contribute To Either Hillary or Obama During Primaries

I wanted to make sure my money was going to beating Republicans, not other Democrats. Now, I am ramping up with the giving as best I can. Already sent a check to the DNC. Next check is to the Obama campaign.

[highplainsdem]

20. I'm very glad he's raised more money than McCain. OTOH, they may have kept quiet about the amount

since there were predictions last month that Obama might raise $100 million in June, and it will apparently be less than half of that.

http://blogs.abcnews.com/politicalpunch/2008/07/what-happened-t.html

This was the best time to release the news, soon after the announcement from the McCain campaign, since it is a reminder that Obama can raise more money. But I'm hoping it was closer to $50 million than $30 million.

[wmbrew0206]

21. Actually, I think the timing of the release of the number shows that it was bad news.

As you poinnted out, a lot of people were predicting a $100 million June. It looks like Obama only got between 30% to 40% of that. The fact that they released the news on a Saturday, when most people aren't watching the news, shows that they wanted to get the information out there and done with, so they could move on to a completely new news cycle starting Monday based off the the Sunday Morning Talk Shows.

[high density]

22. One guy said $100 million

And he was a total idiot for setting expectations that high.

[highplainsdem]

23. Link to Alexander Bolton's article for The Hill:

http://thehill.com/leading-the-news/barack-obama-is-100m-man-2008-06-09.html

I agree that the $100 million figure mentioned by Wade Randlett, who's raised hundreds of thousands for Obama, was much too high. But other fundraisers quoted there were also wildly optimistic, and one predicted Obama possibly raising more than $100 million in July as Clinton supporters begin to donate more.

It'll be interesting to see what the actual figures are.