McClatchy: Can anything slow Obama's fundraising juggernaut?

[babylonsister]

http://www.mcclatchydc.com/251/story/44571.html

Can anything slow Obama's fundraising juggernaut?

By Greg Gordon | McClatchy Newspapers



WASHINGTON — Barack Obama raised $52 million in June, a sum that far outpaced the fundraising of Republican rival John McCain and promised a wideranging Democratic campaign that will reach into states that previous Democratic candidates had considered unwinnable.

Obama's campaign said it had finished its latest record-smashing fundraising month with $72 million in cash on hand. The Democratic National Committee, which spends almost all of its money in support of the party's presidential candidate, announced separately that it had raised $22.4 million in June, and ended the month with $20.3 million in cash on hand.

That gives Obama and the Democrats a combined $92 million in cash, as of June 30, just slightly below the $95 million that McCain and the Republican National Committee reported they had on hand at the end of June.

snip//

"He's not mortal," Jacobs quipped. "He's a fundraising god. It's like biblical in scale."

While Democrats traditionally criticized "big money Republicans," Jacobs said, "the reality is that it's a liberal Democrat who's just taken a stick of dynamite to our campaign finance framework."

McCain has said he'll limit his campaign to public financing in the fall. But that means McCain must spend whatever money he has on hand before the general election season begins. Obama, however, can use his leftover primary money for the general election, since he's taking no public money, said Robert Biersack, a spokesman for the Federal Election Commission.

[truthisfreedom]

1. "He's not mortal," Jacobs quipped. "He's a fundraising god. It's like biblical in scale."

Phear him!

[Tarheel_Dem]

2. This is great news, especially with so many "concerned" about his

FISA vote. Some even gleefully chortled that his June fundraising numbers would be dismal. One in particular comes to mind, I hope she'll come back and apologize. Thanks for posting. Recommended.

[NattPang]

3. This is why Obama turned down public screwed up financing.

"Obama, however, can use his leftover primary money for the general election, since he's taking no public money"

He can just keep on going.
He doesn't have to stop
and try to figure out
where he is on his fundraising
in terms of categories.

This is great!

[zbdent]

4. wait, wasn't the spin just the other day about how he's not getting the kind

of money he was getting a few weeks ago?

Boy, they will say anything ...

[Motown_Johnny]

5. I think the repug plan is to lower the value of the dollar so low that Obama's quarter billion

bucks just won't be worth that much.




That and squeezing ever dime out of us at the gas pump so we can't donate as much to our next president.