GOP fears Obama's money machine

[babylonsister]

GOP fears Obama's money machine
By JEANNE CUMMINGS | 6/5/08 4:33 AM EST



With Hillary Clinton’s campaign coming to an end this weekend, Barack Obama’s rise as the Democratic nominee brings serious bad news to a new group — John McCain’s finance team.

A review of campaign finance data offers not one ounce of good news and barely any hope for the McCain campaign’s ability to compete with Obama’s fundraising prowess.

To make matters worse, Obama’s campaign, which raised $272 million through April for the primary, now is reaching out to Clinton’s fundraisers, who raised another $200 million through April, in an effort to unite forces and bury the historically deep-pocketed Republicans.

Take a look at some of the numbers:

• If each of Obama’s donors gave him a modest $250, he’d have $375 million to spend during the two-month general election sprint. That’s $186 million a month; $47 million a week.

• During the same September to Nov. 4th period, McCain will have about $85 million to spend since he has decided to take taxpayer money to help finance his campaign activities.

• The Republican National Committee, which is charged with closing the gap between McCain and Obama, has $40 million in cash. Obama raised almost as much — $31 million – from just his small donors in the month of February. His total for the month, $57 million, exceeded the RNC’s cash balance.

• Obama has more than 1.5 million donors; McCain has a few hundred thousand. If just a million of Obama’s donors sent him the maximum donation, $2,300, he could raise $2.3 billion.

more...

http://www.politico.com/news/stories/0608/10868.html

[lapfog_1]

1. I am going to try hard to reach the max...

and I hope 1 million others get half way there as well.

That's a Billion Dollars.

[ColbertWatcher]

2. The GOP never stop spinning do they?

Obama doesn't have a money "machine". He has donors.

[bdamomma]

3. time to give another donation to Obama

and if we have to fight with money so be it.

[havocmom]

4. Simply put: GOP fears AMERICANS waking up and taking back their government

They hate us for finding our voice and power again.

It's a class war and their class is maxed out on donations. Sucks when you are only 1.5% of the population

:woohoo: for the common man and woman in this election year!

[underpants]

5. Wasn't the "first primary" supposed to be the fund raising one?

didn't "DC" get it back then when he popped up $36 MILLION and shocked the DLC candidate???