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Obama Rakes It In

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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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August 2008
- Stars Come Out for Obama
  
  Associated Press | Aug 22, 08 9:58 AM CDT
  
  (Newser) - With $2,300 checks, celebrities including Jamie Foxx, Lucy Liu, and Isaiah Washington showed their support for Barack Obama last night at a swanky Beverly Hills shindig, the AP reports. The Black and White Gala raised $200,000 for the Obama campaign from the deep pocketbooks of the likes of non-voting Brit Melanie Brown and former Hillary Clinton supporters Fran Drescher and Kathy Griffin. More »
- Obama Scores $7.8M in San Francisco Blitz
  
  Los Angeles Times | Aug 18, 08 9:45 AM CDT
  
  (Newser) - Barack Obama raised $7.8 million at a series of San Francisco fundraisers last night, the Los Angeles Times reports, reportedly a record single day's take for the candidate. Obama spoke before three separate groups in the same hotel, including one ballroom filled with 350 VIPs paying a reported $28,500 per couple. More »
- Obama Raises $51M in July
  
  Washington Post | Aug 16, 08 2:35 PM CDT
  
  (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 million in July. More »
- Obama Network of Big Donors Rivals Bush's
  
  New York Times | Aug 6, 08 11:55 AM CDT
  
  (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, Obama’s fleet of boosters are on pace to rival even George W. Bush’s vaunted “rangers” and “pioneers.” More »
July 2008
- Europe Swoons Over Obama
  
  New York Times | Jul 27, 08 12:00 PM CDT
  
  (Newser) - While all of Europe—even the right-wing Nicolas Sarkozy—goes ga-ga over Barack Obama, the would-be president is keeping it real, writes an uncharacteristically un-scathing Maureen Dowd in the New York Times. “If you start believing your own hype, which I rarely do, things’ll turn on your pretty quick anyway,” Obama tells Dowd, . Plus, he’s anticipating “some backlash” among Americans for cozying up with the French. More »
- Obama Buys $5M in Olympic Ad Time
  
  TV Week | Jul 24, 08 6:52 AM CDT
  
  (Newser) - The Obama campaign has bought $5 million worth of network and cable television airtime to run during coverage of the Beijing Olympics, reports TV Week. It's the first major TV airtime purchase by a political candidate in 16 years. NBC and its cable channels will air 3,600 hours of Olympic coverage beginning August 8. More »
- Obama Raises $25M in a Single Day
  
  Politico | Jul 21, 08 11:47 AM CDT
  
  (Newser) - Barack Obama brought in more donations on the last day of June than John McCain did in the entire month, Politico reports. The unprecedented $25 million day accounted for nearly half of Obama’s $54 million total. It was one of five days on which the campaign brought in more than $1 million; John McCain had no million-dollar days en route to raising $22 million in June. More »
- Obama Rakes in $52M in June
  
  Reuters | Jul 17, 08 8:31 AM CDT
  
  (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. More »
- 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 »