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Obama Ad Blitz Stifles McCain

Dem using massive fundraising edge to outspend GOP by as much 8-1

(Newser) - Over the past three weeks, Northern Virginia TV viewers have seen 1,342 commercials from Barack Obama … and eight from John McCain. Obama is dominating the airwaves, Politico reports, outspending McCain and the Republican National Committee as much as 8-1 in some markets, blunting GOP attacks with a sustained... More »

Obama Got $40K From Fake People

McCain benefited from fewer fictitious donors, Times discovers

(Newser) - Barack Obama received some $40,000 from obviously fictitious donors, the New York Times reports. After poring over both candidates’ records, the Times found some 3,000 donations to Obama from more than a dozen people with obviously falsified names —like “Test Person” from “Some Place, UT.... More »

Obama Ordered to Return Illegal Donations

Newsweek report prompts GOP to request federal inquiry

(Newser) - Barack Obama’s record-breaking $485-million war chest includes a number of small, illegal donations that federal officials have ordered the campaign to return, reports Newsweek. The GOP has requested a federal investigation into Obama’s campaign finances, the Washington Post writes. Roughly half of Obama's funds have been raised through... More »

Goldman Sachs Is DC's Top Sugar Daddy

$43M since '89 on lobbying, donations greases bailout wheels

(Newser) - Goldman Sachs has given Washington plenty of reasons to help it out—43 million reasons, to be precise. Goldman bankers have been the nation’s biggest campaign contributors this year, and have poured more than $43 million into lobbying and campaign war chests since 1989, ABC News reports. “They... More »

Virginians Pour Record Dollars Into Election

State's newfound battleground status sparks funding fervor

(Newser) - With their home state up for grabs for the first time in decades, Virginians—particularly Democrats from the northern part of the state—are pouring money into the presidential race, the Washington Post reports. Thus far, locals have given a record $25.3 million to various candidates throughout the election... More »

McCain Camp Strives to Skirt McCain-Feingold

Expert on campaign finance reform laws helps McCain test the limits

(Newser) - John McCain is making a concerted effort to get around the campaign finance laws he championed, the New York Times reports. A lawyer who played a key role in defending the reform act known as McCain-Feingold from challenges is now on the McCain team, expertly advising on the loopholes through... More »

McCain Biographer: He's Lost His Principles

McCain's best accomplishments might have been cynical maneuvering

(Newser) - Elizabeth Drew liked McCain—she even wrote a fawning biography, Citizen McCain, in 2002. She respected the centrist who emerged after McCain’s failed 2000 primary bid, who broke from Bush on tax cuts and campaign finance reform. But watching McCain’s current campaign maneuver back to the right, she... More »

GOP Has Twice as Much Cash as Dems

McCain Plus RNC Currently Double the Cash of Obama Plus DNC

(Newser) - Coming into the home stretch, the Republicans have about twice as much campaign money on hand as the Democrats, reports Bloomberg—about $200 million to $95 million. Though Barack Obama has raised record sums, the Democratic National Committee’s current $17.5 million lags far behind the GOP’s $76... More »

McCain Raised $47M in Aug.

With $10M since bringing Palin on board, GOP looking amply financed

(Newser) - John McCain’s presidential campaign raised $47 million in August, its biggest monthly take yet, the AP reports. The campaign has apparently received $10 million in donations since McCain announced Friday that Sarah Palin would be his running mate. Officials say the total Republican general-election chest will be at least... More »

Lawmakers Get Most Funding From Outside Districts

'Nonresident contributors donate for expressive purposes,' study shows

(Newser) - Candidates running for Congress are increasingly using affluent ZIP codes outside their own districts as "political ATM machines" to fund their campaigns, a new study finds. In the majority of House races in 2004, almost three-quarters of contributions came from donors outside a lawmaker's district—often from Hollywood, Manhattan's... More »

Biggest Convention Donors Usually Need Favors

No limit to funds given to parties' gatherings

(Newser) - Major donors to the Democratic and GOP conventions this year either have business pending with politicians or have recently received a favorable ruling, the Los Angeles Times reports. From cable companies to a government union to an electric utility, millions of dollars have flowed into party coffers—but both sides... More »

Big Spending Not Paying Off for McCain in Key States

But Obama's facing similar problem elsewhere

(Newser) - John McCain is outspending Barack Obama by a wide margin in traditional battleground states such as Ohio, Michigan, and Iowa, Talking Points Memo reports. The good news for Obama is that McCain has little to show for it in the polls in those states. But the Democrat has troubles of... More »

Obama Raises $51M in July

No cash worries for vacationing Senator

(Newser) - Barack Obama raked in $51 million last month, not quite a record for the Illinois senator but still formidable, the Washington Post reports. He ends the month with $65.8 million in the bank, a major advantage over John McCain, who has just $21 million, despite raising a personal-best $27... More »

McCain Raises $27M in July

Biggest one-month total for Senator since primaries

(AP) - John McCain raised $27 million in July, his largest one-month fundraising haul since clinching the nomination, while the Republican National Committee brought in nearly $26 million. "Our fundraising continues to be very healthy," Rick Davis, McCain's campaign manager, said in a conference call with reporters, noting that July... More »

Big 'Bundlers' Help Fuel Both Campaigns

New type of fundraising is quickly becoming lucrative cash stream

(Newser) - Barack Obama and John McCain have racked up nearly 100 “bundler” donors between them who have gathered at least $500,000 each from friends and co-workers to support their chosen candidates, the Wall Street Journal reports. The candidates’ spending suggests the fundraisers are breaking bundling records set during the... More »

Exec: I Was Fired for Not Donating to Mitt

CEO asked employees to give; denies man lost job over refusal

(Newser) - An ex-executive with a Chicago-based consulting group has filed an employment bias complaint, alleging that he was fired in part for his refusal to donate to Mitt Romney’s campaign, the Wall Street Journal reports. The complaint offers a rare glimpse into the machinery of corporate donations. In emails seen... More »

Fundraiser Taps Questionable Network

Donors to McCain, others aren't registered voters, had never given

(Newser) - A flurry of campaign contributions to John McCain were procured from an unlikely network of ordinary people with no clear political agenda, the Washington Post reports. The contributors were recruited to write checks for the legal limit of $2,300 by Harry Sargeant, a former naval officer turned oil executive... More »

Obama Network of Big Donors Rivals Bush's

Bundlers chip in large portion of Obama's record haul

(Newser) - Barack Obama likes to point to the avalanche of small-money donations that account for a full half of his record $340 million haul. But he has also been carefully cultivating a network of big-money bundlers since his earliest days in the Senate, the New York Times reports. As a result,... More »

McCain's Elite Fundraisers Trump Obama's

But that could change when Barack matches his rival's disclosures

(Newser) - John McCain appears to be more reliant on funds bundled by elite supporters than Barack Obama, USA Today reports. More than half of the Republican candidate’s receipts, or more than $75 million, came from donations assembled by about 500 top supporters. In contrast, Obama’s top 500 pulled in... More »

No Flip-Flop: Swooning Fans Missed Message

For those disillusioned with center shift, what did you think 'consensus' means, asks Collins

(Newser) - As early as his convention speech 4 years ago, Barack Obama has made reconciliation and a "new consensus" his hallmarks. So why, asks Gail Collins, are his most ardent supporters so dismayed that he's shifted to the center? Almost all of the issues for which Obama has taken heat... More »

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