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
Barack Trumps Hillary in Battle for Primary Cash
Presidential candidates Sens. Barack Obama and Hillary Clinton.   (Getty Images (by Event))

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.” (More Barack Obama stories.)

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