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Forget the Small-Donor Myth: Big Money Still Rules

Big money men still Obama and McCain's bread and butter

(Newser) - Barack Obama often talks about how much money he’s raised from small donors, even describing it as “a parallel public financing system.” But while Obama has indeed raised record sums from little guys, big donors have kept pace, writes Jay Mandle of the Washington Post, predicting that... More »

Dr. Obama and Mr. Hyde

'High-minded' candidate is also cutthroat political animal

(Newser) - Barack Obama has two faces: there’s the "high-minded" liberal “Dr. Barack” and the politically calculating, win at-all-costs “Fast Eddie Obama,” writes David Brooks in the New York Times. The split personality clearly emerged in Obama’s announcement that he won’t accept public financing—a... More »

Short On Cash, Democrats Trim Convention

Long primary slows Denver fundraising; having nominee helps

(Newser) - Democrats are scaling back their national convention plans in the face of fundraising shortfalls, the AP reports. The Denver host committee has just $29 million of the $40.6 million it promised to deliver by yesterday. The committee says it’s confident it’ll get the money before the convention... More »

Giuliani Will Stump for GOP, for a Price

Rudy wants a cut of fundraising proceeds to pay off campaign debt

(Newser) - Rudy Giuliani has offered to appear at fundraisers for cash-strapped Republican candidates but with strings attached, the New York Times reports. The former New York mayor wants a cut of the proceeds to go towards paying off his presidential campaign's $3.6-million debt. The debt includes a $500,000 personal... More »

Dems Work to Fuse Fundraising Machines

Two campaigns set to become one as Clinton bows out

(Newser) - The Obama and Clinton campaigns have been working to merge their fundraising machines as Clinton prepares her swan song today, the Wall Street Journal reports. Clinton made a call to her top 50 fundraisers, urging them to get behind Obama and promising a private meeting with the presumed nominee. The... More »

Obama Wallet Strikes Fear in GOP Hearts

He's already shown he knows how to spend

(Newser) - Republicans not used to worrying about money are sweating pennies, given John McCain's relatively inept fundraising in the face of an unprecedented Democratic war chest. Barack Obama, by conservative estimates, will have $300 million to McCain’s federal cap of $85 million for the general-election campaign, Politico reports—and with... More »

Obama Willing to Help Bail Clinton Out of $20M Debt

Peace offering from victorious Dem could help come November, too

(Newser) - Barack Obama might ask his supporters to help Hillary Clinton pay off her campaign debt, Bloomberg reports. Clinton has accrued more than $20 million, $11.4 million of which she personally contributed. Under a campaign-finance law (co-sponsored by John McCain) she has until August's Democratic convention to raise money to... More »

Obama Moves to Clean Up DNC Money Machine

Opens fundraisers to press; lobby groups barred from giving

(Newser) - Barack Obama moved today to make his campaign more transparent, in keeping with his theme of bringing change to Washington. Obama will open all his fundraisers to the press, Politico reports. He’s also cleaning up his party’s fundraising efforts; starting today, the Democratic National Committee, like Obama’s... More »

Democrats Can't Find Cash for Convention

$15M short, Denver fundraisers hawking political access

(Newser) - Democrats aren’t just wringing their hands over who they’ll nominate at their national convention—they’re also wondering who's going to pick up the tab. The Denver host committee has raised just $25 million of the $40.6 million it needs by June 16, the New York Times ... More »

McCain Can't Afford, Literally, to Ignore Bush

'Radioactive' president can raise money, talk to GOP's right wing

(Newser) - Though he may be “absolutely radioactive” for Republican candidates (in the words of one GOP legislator), Bloomberg reports, President Bush is no easy hurdle for John McCain, who must build distance with the historically unpopular incumbent while using him to raise money and build conservative bona fides. Hence tonight's... More »

Obama Already Beating McCain ... in the Wallet

Dem, as usual, wins monthly funds race, $32M to Mac's $18.5M

(Newser) - Barack Obama raised $32 million in April, Politico reports; Hillary Clinton bagged $22 million, and John McCain, now squarely in Obama's general-election sights, brought in $18.5 million. It was a record for Republican, yet dwarfed by what was a rough month for Obama—who also banked $9 million in... More »

Romney: Ex-McCain Basher, Now Groveler-in-Chief

VP wannabe is trying not to suck up to Mac too much

(Newser) - Mitt Romney has become so humble since bowing out to John McCain that he is now “the groveler”-in-chief, Eve Fairbanks writes in the New Republic. “Has ever a politician gone so cheerfully into defeat,” she asks? The two men were openly hostile on the trail, but... More »

McCain to Rely on RNC Money

Lacking Obama's fundraising machine, eyes 'unprecedented' cash from party

(Newser) - Lagging behind Barack Obama's fundraising juggernaut, John McCain is planning to rely heavily on the Republican National Committee for general-election cash, the New York Times reports. The RNC has $40 million in the bank, compared with McCain’s $21 million, and has big-gun fundraisers like President Bush lining its coffers.... More »

Dem Bankrollers Readying United Wallet

Race will continue into June, but merger under way

(Newser) - Hillary Clinton and Barack Obama will fight each other for the nomination into June, but top fundraisers are already ensuring a McCain defeat, no matter who the nominee is. One DNC fundraiser was held in honor of a Clinton backer at the residence of an Obama supporter, the Washington Post... More »

How the GOP Went Broke

Legislation, bad governance cost Republicans their financial advantage

(Newser) - The Republican Party has known crises before, but it's always held its own against the Democrats with fundraising prowess. But the GOP finds itself demoralized and impoverished, and seemingly without the funds needed to avoid more losses like the one suffered Tuesday in Mississippi. Politico looks at how the party... More »

Superdelegate Count Now Favors Obama

It's the first report that Barack has passed Hillary

(Newser) - Barack Obama today moved ahead of Hillary Clinton among superdelegates for the first time. Obama picked up nine more by midday—one a defector from Clinton's camp, the Los Angeles Times reports. Both ABC and the New York Times put him ahead—the latter's count is 266-263—meaning he now... More »

Team Hillary's 5 Big Mistakes

How mood, rules, caucuses, money, and pacing laid her campaign low

(Newser) - With the Clinton campaign in death throes, Karen Tumulty runs down its five crucial  mistakes in Time:
  • Mood. In a season when Democrats were desperate for change, Hillary “completely misread the mood” and went with incumbency.
  • Rules. Clinton's inner circle wasn't up on them. Mark Penn thought California's primary
... More »

Clinton Lent Campaign $6.4M in Past Month

Democratic contender puts money where her mouth is

(Newser) - Hillary Clinton injected $6.4 million of her own money into her presidential campaign over the past month, a senior aide tells the AP. That donation more than doubles the amount Hillary has lent her campaign so far.  But despite the personal largesse—$11.5 million so far—and... More »

Clinton Aides Start to Believe Own Spin

Wright controversy a godsend for Clinton

(Newser) - Optimism is spreading through Hillary Clinton’s once-dispirited war room, Politico reports, as a series of wins accumulate in their candidate’s column: fundraising has rushed in since Pennsylvania, she's collected some well-timed endorsements, she’s bobbed up in the polls, and Barack Obama is once again afflicted by Jeremiah... More »

Top Clinton Fundraiser Jumps to Obama Camp

Former ambassador "concerned" about tone of race

(Newser) - Hillary Clinton will lose one of her key fundraisers to Barack Obama, the Los Angeles Times reports. Gabriel Guerra-Mondragon, a former ambassador under President Clinton who had raised $300,000, “became concerned about the tone of the race,” an Obama aide said. But a Democratic strategist said one... More »

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