Obama Raised a Record $750M

Dem's haul of $750 million dwarfs McCain funds, historical precedent
By Gabriel Winant,  Newser User
Posted Dec 5, 2008 8:00 AM CST

(Newser) – Barack Obama literally raised more money for his campaign than he knew what to do with. He hauled in a record $750 million over the course of the campaign cycle, reports the New York Times. When the race ended, $30 million remained unspent. By comparison, John McCain raised $220 million in the primaries, about half of Obama's total, before opting for public funding in the general election.

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In the last two months of the campaign, Obama outspent McCain on advertising, $170 million to $61 million. Though the Republican National Committee was tapped as a counterweight, it only added $31 million on McCain’s behalf. Obama’s leftover funds and ability to put together a huge war chest from fancy fundraisers and small donors alike pose a daunting obstacle for 2012 challengers.
(Read more Barack Obama stories.)

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