It's the Money, Stupid

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May 2008
- Lobbyists to McCain: Gee, Thanks, Traitor
  
  Politico | May 21, 08 11:14 AM CDT
  
  (Newser) - John McCain has been purging his campaign of lobbyists, which has left more than a few feeling betrayed. These are the people, after all, who stuck through McCain when his primary chances looked grim, and kept his campaign financially above water. “If it was OK to have these people working for you in February, why is it not OK today?” asked one lobbyist. 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 »
- Dem Bankrollers Readying United Wallet
  
  Washington Post | May 18, 08 1:54 PM CDT
  
  (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 reports. But some aren't so quick to make peace. More »
- Clinton Lent Campaign $6.4M in Past Month
  
  Associated Press | May 7, 08 9:20 AM CDT
  
  (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 the $10 million she raised after the Pennsylvania primary, Barack Obama still outspent her in Indiana and North Carolina. More »
April 2008
- Obama Has Big-Money Donors, Too
  
  Washington Post | Apr 11, 08 1:49 PM CDT
  
  (Newser) - Barack Obama has made much of his grass-roots fundraising, but he’s no stranger to big-money donors, the Washington Post reports. Seventy-nine bundlers—deep-pocketed backers who use their contacts to drum up even more cash—have wrangled up more than $200,000 each for the senator. Five billionaires are on the team, and donations of more than $200 account for roughly half of the $240 million that Obama’s raised so far. More »
- Congress Cashes In on Subprime Lobby
  
  Politico | Apr 9, 08 1:34 PM CDT
  
  (Newser) - The subprime crisis isn’t bad for everyone: congressmen and lobbying firms are doing great, Politico reports. Industries caught in the crunch have drastically scaled up their campaign contributions, and dozens of new lobbying firms have sprung up to cash in. Securities and investment PACs, for example, have already given more in 2008 than they gave throughout the midterm elections in 2006. More »
March 2008
- GOP Holds Big Edge Over Dems in Party Cash
  
  New York Times | Mar 7, 08 1:11 PM CST
  
  (Newser) - The Democratic candidates may be flush with money, but their party isn't. The GOP has a nearly 7-to-1 advantage in cash on hand, the New York Times reports. Democrats hope to make up the gap once they settle on a nominee, but the GOP already has begun plotting with John McCain on how to best use the advantage. Republicans raised $97 million last year and have $25 million left; Dems raised $60.5 and have $3.7 million left. More »
- $55M Another Record Month for Obama
  
  Chicago Tribune | Mar 6, 08 4:10 PM CST
  
  (Newser) - Barack Obama has 55 million reasons to keep his chin up despite losses this week in Democratic primaries, the Chicago Tribune reports, with the Illinois senator taking in $55 million in February to shatter, again, records for political donations. About 750,000 people donated last month; $45 million came online—an amount that itself eclipses Obama's January haul of $36 million. More »
- McCain Outlines More Specific Fiscal Stance
  
  Wall Street Journal | Mar 3, 08 12:45 PM CST
  
  (Newser) - How would John McCain run the economy, really? In an interview with the Wall Street Journal , the candidate tried to answer that question, positioning himself as a fiscally responsible defender of the Bush tax cuts. But the candidate’s tax proposals don’t quite add up, the Journal notes, and he contradicted his own website’s statements on Social Security. More »
- Dem Donations a Nightmare for GOP
  
  Associated Press | Mar 1, 08 8:44 AM CST
  
  (Newser) - Republicans may be enjoying the death match between Barack Obama and Hillary Clinton, but likely not the phenomenal fundraising of the Democrats. "I look at the Barack Obama campaign in some horror," the GOP national treasurer tells AP, citing Obama's $50-million take in February, along with Clinton's $35 million—together seven times that of John McCain. More »
February 2008
- January Take: Obama $36M, Clinton $13.5M, Mac $11.6M
  
  Associated Press | Feb 20, 08 2:51 PM CST
  
  (Newser) - Barack Obama vastly outpaced his rivals in January fundraising, scoring $36 million to Hillary Clinton’s $13.5 million and John McCain’s $11.6 million. The Democratic front-runner drew $28 million online, with 90% of donations at or below $100. Obama is now on the spot over a 2007 pledge to accept public financing; the fundraising-averse McCain campaign has lambasted Obama’s “backpedaling and waffling." More »
- Quid Pro Quo: Obama, Clinton Gave $890K to Superdelegates
  
  Boston Globe | Feb 15, 08 1:53 PM CST
  
  (Newser) - Hillary Clinton and Barack Obama have given $890,000 to campaigns of the 796 superdelegates who could decide the Democratic presidential nomination, a nonpartisan research group says. Such donations “have been a generally reliable predictor of whose side a superdelegate will take,” the report notes. Obama's PAC has given $694,000, including $228,000 to 34 delegates who support him. More »
- Obama Expects to Rake in $30M This Month
  
  Politico | Feb 7, 08 4:04 AM CST
  
  (Newser) - After hauling in an epic $32 million in contributions in January, Barack Obama is expecting a near record-busting $30 million in donations this month. Even more striking, the candidate for change seems to raise most of his money in just that—change. Half of January's yield came in online contributions of $200 or less, many as little as $5 to $10, Politico reports. More »
- Hillary Mulls Another Loan to Campaign
  
  The Atlantic | Feb 6, 08 4:59 PM CST
  
  (Newser) - Hillary Clinton lent her campaign $5 million in January and is considering another gift to keep it competitive with Barack Obama's wealthier campaign. Obama raised $32 million to Clinton’s $13.5 million in January, the AP reports, and though her camp trumpeted a fantastic fund-raising day today, the New York Times reports that her Tuesday wasn’t Super enough to inspire new giving. More »
January 2008
- Obama Pulled In $32M in January
  
  Washington Post | Jan 31, 08 11:34 AM CST
  
  (Newser) - Barack Obama has raised $32 million this month, the Washington Post reports—a massive number in such a short span. The Democrat's campaign manager reported 170,000 new donors in January, raising the total number of contributors to 650,000. The best fundraising day was immediately following Hillary Clinton’s Jan. 8 victory in New Hampshire—which the Obama camp interprets as showing “the resolve” of supporters. More »
- Empty Coffers Force McCain From Stump
  
  The Hill | Jan 23, 08 10:17 PM CST
  
  (Newser) - With Florida's Republican primary nearing, John McCain is making a risky decision to trade stumping for fund-raising—an effort to fill coffers ahead of Super Tuesday competition against a rival who can loan money to his own campaign. McCain has seven donor events before Tuesday’s vote, an itinerary advisers say is necessary to mount an advertising push in the big states, the Hill reports. More »
- '08 Prez Campaigns Going Broke
  
  New York Times | Jan 19, 08 3:54 PM CST
  
  (Newser) - Despite record fund-raising, top presidential hopefuls in both parties have blown almost all of their cash, the New York Times reports. Efforts to knock out opponents early have cost candidates at least $320 million, or 80% of what they have raised. With Super Tuesday fast approaching, “there is definitely some belt-tightening,” said one Barack Obama spokesman. Unless, of course, if you have Mitt Romney’s vast personal fortune. More »
- At Last, a Win for Romney: $5M in 1 Day
  
  Boston Herald | Jan 10, 08 1:09 PM CST
  
  (Newser) - Mitt Romney bagged $5 million in donations yesterday, and aides called the more than 10,000 contributions a “solid affirmation of support” for the second-place New Hampshire finisher, the Boston Herald reports. The candidate said the donation bonanza showed “a continued belief” that he’s the only Republican who can win in November, the Los Angeles Times adds. More »
- Dem Donations Hit Record High
  
  Washington Post | Jan 1, 08 3:48 PM CST
  
  (Newser) - The race for the presidency is crowded, but that isn't stopping candidates from raising huge sums of money, the Washington Post reports. The power of the internet to raise cash from both grassroots supporters and wealthy donors is credited with helping Hillary Clinton and Barack Obama raise over $100 million each in 2007. It's the first time in history two candidates have passed that benchmark before a primary. More »
December 2007
- Ron Paul 'Tea Party' Nets $6M
  
  Boston Globe | Dec 17, 07 6:52 AM CST
  
  (Newser) - In an event dubbed "Boston TeaParty07," supporters of quirky GOP candidate Ron Paul rallied in the Boston snow yesterday while donations from across the nation dropped a record-breaking one-day "money bomb" of $6 million into the campaign. Most of the funds were donated over the Internet. To Paul's backers, the fundraising blitz demonstrated that he's a ''viable candidate," the Boston Globe reports. More »