It's the Money, Stupid

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September 2008
- Goldman Sachs Is DC's Top Sugar Daddy
  
  ABC News | Sep 26, 08 2:20 PM CDT
  
  (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 are almost in a class by themselves,” one analyst said. More »
- Freddie Mac Paid Monthly $15K to McCain Aide's Firm
  
  New York Times | Sep 24, 08 5:10 AM CDT
  
  (Newser) - A firm owned by John McCain's campaign manager received $15,000 a month from Freddie Mac until the mortgage giant was taken over by the government this month, insiders tell the New York Times . McCain insisted just days ago that it's been years since aide Rick Davis had any contact with Freddie Mac. More »
- McCain Camp Slams 'Biased' NY Times
  
  Washington Post | Sep 23, 08 3:38 AM CDT
  
  (Newser) - The McCain camp launched another attack on the media yesterday, this time blasting the New York Times as "biased" for its report linking the campaign to lobbyists for Freddie Mac and Freddie Mae. A spokesman called the Times a "pro-Obama advocacy organization" after the paper revealed that campaign manager Rick Davis received $2 million when he was a lobbyist to shield the loan giants from tougher regulations, reports the Washington Post . More »
- Campaign Skirts Obama Lobbyist Ban
  
  Portfolio | Sep 18, 08 3:18 PM CDT
  
  (Newser) - Barack Obama has built his campaign on being a Washington outsider, and won’t accept contributions from registered federal lobbyists. But Obama’s candidacy is far from untouched by special-interest cash, Matthew Cooper writes in Portfolio . The wives of more than 20 Washington lobbyists have donated to the Democrat, who also accepts contributions from state lobbyists, partners of law firms that lobby in Washington, and CEOs. More »
- Star-Studded Wallets Come Out for Obama Fundraiser
  
  Los Angeles Times | Sep 17, 08 8:29 AM CDT
  
  (Newser) - Barack Obama pulled down $11 million between two star-studded Hollywood fundraisers last night, in the biggest single-night take of his campaign, reports the Los Angeles Times. The candidate mixed it up with the likes of Steven Spielberg, Chris Rock, and Barbra Streisand —who capped off the night with a performance —as John McCain took the opportunity to mock the celebrity shindig before a working-class Ohio crowd. More »
- GOP Has Twice as Much Cash as Dems
  
  Bloomberg | Sep 16, 08 8:51 AM CDT
  
  (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 million. These committees may continue to raise and spend money to support their candidates, so long as they don’t coordinate strategy. More »
- Despite $66M August, Obama Needs Money
  
  Politico | Sep 15, 08 10:55 AM CDT
  
  (Newser) - Barack Obama raised more money in August than any presidential candidate ever, but he’s still desperate for cash, reports Politico. Obama has $77 million in the bank, close to the $85 million John McCain has to spend this general election. But McCain will benefit from outside “independent” groups Obama has spurned, and a brimming RNC war chest. More »
- Obama Pulls in Record $66M in August
  
  Politico | Sep 14, 08 10:04 AM CDT
  
  (Newser) - Barack Obama raised more than $66 million in August, besting his past fundraising record and pulling in the best monthly tally in US political history, says an aide. Topping February's $55 million, the take "demonstrates how the increasingly heated, nasty race has energized Obama's fundraising," writes Ben Smith in Politico. The campaign also added 500,000 new donors during the month. John McCain raised $47 million in August. More »
August 2008
- Lawmakers Get Most Funding From Outside Districts
  
  Miller-McCune | Aug 30, 08 8:53 AM CDT
  
  (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 Upper East Side, and other white, moneyed areas. Today's donors are “urban, highly educated, and employed in elite occupations," reports Miller-McCune magazine. 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 »
- Lobbying Law Won't Crimp Convention Parties
  
  Wall Street Journal | Aug 16, 08 7:30 AM CDT
  
  (Newser) - Tough new rules aimed at weakening the influence of lobbyists won't keep Democrats and Republicans away from some of the most lavish convention parties ever seen, funded by those seeking to influence legislation, the Wall Street Journal reports. Dozens of loopholes allow lawmakers to skirt the legislation by accepting gifts from lobbyists and attending their glitzy, star-studded bashes. More »
- Exec: I Was Fired for Not Donating to Mitt
  
  Wall Street Journal | Aug 7, 08 1:56 PM CDT
  
  (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 by the Journal , Huron Group’s CEO asks employees to back the Republican. “This is just business and the way business works,” he writes. 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
- 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

News Sections

Newser Specials

Stories

Goldman Sachs Is DC's Top Sugar Daddy

Freddie Mac Paid Monthly $15K to McCain Aide's Firm

McCain Camp Slams 'Biased' NY Times

Campaign Skirts Obama Lobbyist Ban

Star-Studded Wallets Come Out for Obama Fundraiser

GOP Has Twice as Much Cash as Dems

Despite $66M August, Obama Needs Money

Obama Pulls in Record $66M in August

Lawmakers Get Most Funding From Outside Districts

Obama Scores $7.8M in San Francisco Blitz

Lobbying Law Won't Crimp Convention Parties

Exec: I Was Fired for Not Donating to Mitt

Obama Network of Big Donors Rivals Bush's

Obama Raises $25M in a Single Day

Obama Rakes in $52M in June