Barack Trumps Hillary in Battle for Primary Cash

It's nearly even after Round One, and Obama's made some unexpected friends
By Colleen Barry,  Newser Staff
Posted Apr 16, 2007 7:47 AM CDT
Presidential candidates Sens. Barack Obama and Hillary Clinton.   (Getty Images (by Event))
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(Newser) – Barack topped Hill in the primary fundraising race, figures released yesterday showed, and New York mag knows why: Obama has not only won over some key Clinton-family loyalists, but culled a new generation of fortysomething donors with ample assets and Rolodexes to match. The result is Obama's $24.8 million primary war chest, which bests Hillary's by nearly $6 million.

Hillary's campaign comes across as a steamroller, defecters say, while Obama has charmed a flock of New York's biggest bundlers, from relative newbie investment banker Robert Wolf—who has already raised $500K—to longtime Clintonite Orin Kramer. "The market has mispriced him,” Kramer told friends of Obama. “The street thinks he’s a 5-to-1 underdog, but I think he’s undervalued.”