Obama Rakes in $52M in June

So much for losing his fundraising power
By Kevin Spak,  Newser Staff
Posted Jul 17, 2008 8:31 AM CDT
Barack Obama speaks at a roundtable discussion on nuclear non-proliferation held at Purdue University in West Lafayette, Ind., Wednesday, July 16, 2008.   (AP Photo/Jae C. Hong)
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(Newser) – Barack Obama is back up in the fundraising stratosphere, pulling in $52 million in June, the campaign said today. The total is just shy of the record $55 million he drew in February, and it more than laps John McCain’s $22 million take in June. The total lays to rest speculation that Obama was in for another down month after raising “only” $30 million in April and $21.9 million in May.

Obama's June total was the product of many small contributions, with the average donor giving just $68, campaign manager David Plouffe said in an email to supporters. But Obama’s financial advantage has been offset by large contributions to the Republican National Committee, Reuters notes; the GOP had nearly $68 million on hand at the end of June and its Democratic counterpart just $4 million.