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Obama Rakes It In

Started by H Needles; Last updated Feb 20, 08 2:11 PM CST by D Lim | View history

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Obama Rakes It In

"There is one thing on this February night that we d o not need the final results to know: Our time has come." -Barack Obama

As the race for the White House intensifies, Senators Hillary Clinton and Barack Obama are scrambling to raise more money in what is already projected to be the most expensive election ever. In 2007 both Clinton and Obama raised more than $100 dollars, but Obama out-fundraised Clinton in January, pulling in $32 million to her $14 million. Will his mega-money streak continue?

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July 2008
- McCain's Elite Fundraisers Trump Obama's
  
  USA Today | Jul 16, 08 5:45 PM CDT
  
  (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 about $50 million, about 17% of his total. More »
- Rising New Money Class Powers Obama
  
  New York Times | Jul 1, 08 8:56 AM CDT
  
  (Newser) - Barack Obama likes to tout his small-donor network, as though a wave of inspired regular folk came out of the woodwork just for him. In reality, Obama is mining a money class that Democrats have been cultivating for years, writes David Brooks in the New York Times —"the rising class of information age analysts." More »
June 2008
- Barack Writes Campaign Check to Hillary
  
  Associated Press | Jun 27, 08 3:15 AM CDT
  
  (Newser) - Barack Obama made a personal $4,600 donation to Hillary Clinton's campaign—a gesture to win over her supporters as the Democratic party tries to unify following the divisive campaign for the nomination. Obama told a meeting of 200 top Clinton fundraisers he's encouraging his donors to help pay off Clinton's $20 million campaign debt. "I'm going to need Hillary by my side campaigning during his election, and I'm going to need you," Obama said. More »
- TV Sees Big Bucks in Campaign
  
  USA Today | Jun 23, 08 1:19 PM CDT
  
  (Newser) - This election season is shaping up as a windfall for television stations, with some $3 billion likely to be spent on TV ads, about 27% of that on the presidential race, reports USA Today. Democrat Barack Obama’s campaign—with no spending cap because Obama turned down public campaign funds—will likely lead the charge into broadcast and cable TV spending. More »
- McCain, Obama Raise $21M Each
  
  MSNBC | Jun 21, 08 12:11 PM CDT
  
  (Newser) - John McCain nearly matched Barack Obama’s fundraising intake last month, granting the presumptive Republican presidential nominee “a level of parity that would have been unimaginable just a few months ago,” MSNBC says. McCain scored $21.5 million while Obama, whose fundraising slumped to its lowest levels of the year, pulled in $21.9 million. More »
- Forget the Small-Donor Myth: Big Money Still Rules
  
  Washington Post | Jun 20, 08 12:05 PM CDT
  
  (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 when the dust settles, their 2008 role will have increased, rather than decreased. Through March, he notes, Obama's small-donor percentage was actually smaller than John Kerry's. More »
- Obama's a Pragmatist, Not a Reformer
  
  Politico | Jun 20, 08 11:06 AM CDT
  
  (Newser) - Barack Obama’s decision to opt out of the public financing system shouldn’t come as a surprise, writes Politico’s Ben Smith. Obama has been inching away from the money for a long time now, proving once again that he’s not a traditional reformer—he’s a pragmatist. Obama comes from a community organizing tradition that focuses on results, not methods. More »
- Death Knell Tolls for Campaign Finance
  
  New York Times | Jun 20, 08 7:48 AM CDT
  
  (Newser) - Barack Obama's decision to forgo public financing for his presidential campaign represents the biggest challenge yet to the troubled, loophole-filled system. But while the Illinois senator is now poised to spend a record amount to win the presidency, the explosion of Internet donations that have propelled his campaign might actually be more successful at offsetting the power of special interests, writes the New York Times . More »
- McCain's Web Connection Slow to Load
  
  Politico | Jun 16, 08 11:16 AM CDT
  
  (Newser) - Barack Obama, 46, is a known BlackBerry addict; John McCain, 71, has admitted he's a computer "illiterate." Needless to say, there’s a gulf between their online campaign operations. “It’s the difference between a horse and buggy and a NASA space ship,” one analyst tells Politico. Whereas Obama’s site embraces a Web 2.0 approach, McCain “is still a command-and-control, top-down candidate.” More »
- Dems Work to Fuse Fundraising Machines
  
  Wall Street Journal | Jun 7, 08 6:10 AM CDT
  
  (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 combined operation could create a juggernaut capable of dwarfing the contents of John McCain's offers. More »
- Obama Wallet Strikes Fear in GOP Hearts
  
  Politico | Jun 5, 08 1:56 PM CDT
  
  (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 that kind of money, Obama could force McCain to play defense in traditionally red states. More »
- Obama Willing to Help Bail Clinton Out of $20M Debt
  
  Bloomberg | Jun 5, 08 12:42 PM CDT
  
  (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 settle the debt, after which she can only recoup $250,000. More »
- Obama Moves to Clean Up DNC Money Machine
  
  Politico | Jun 5, 08 12:04 PM CDT
  
  (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 campaign, won’t accept money from lobbyists or political action committees. More »
- In '08, Drudge Coming More Out of Left Field
  
  Politico | Jun 2, 08 1:28 PM CDT
  
  (Newser) - The powerhouse news-aggregating Drudge Report is surprising its loyal fan base by straying from typically conservative output, Politico observes. Editor Matt Drudge had gained the affection of Republicans and ire of Democrats through previous election cycles, but this time the reclusive blogger has displayed a certain fondness for Barack Obama, while damaging Hillary Clinton and John McCain's presidential bids. More »
May 2008
- Spreadsheets Can't Handle Democrats' Haul
  
  Politico | May 26, 08 11:16 AM CDT
  
  (Newser) - The Democratic presidential candidates have raised so much money that the FEC can’t handle the data, Politico reports. Barack Obama’s January report was so big that industry standard spreadsheet programs like Microsoft Excel 2003 couldn’t handle it. By March, Hillary Clinton had also broken the Excel barrier—a mere 65,536 rows and 256 columns. More »
- McCain to Rely on RNC Money
  
  New York Times | May 19, 08 9:10 AM CDT
  
  (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. “We intend to provide substantial, maybe unprecedented, resources to the McCain campaign,” said the RNC deputy chairman. More »
- Obama Gears Up for GOP Smears
  
  Newsweek |