July 14th, 2008
02:05 PM ET
6 years ago

Obama suddenly the cash underdog?

Obama Campaign Manager David Plouffe says McCain has the financial advantage.
Obama Campaign Manager David Plouffe says McCain has the financial advantage.

(CNN) - Is Barack Obama the new campaign cash underdog?

Obama campaign manager David Plouffe seemed to say Monday that the Illinois senator - who has raised well over $275 million and smashed just about every political fundraising record over the course of his 18-month bid for the White House - might find himself at a disadvantage against a joint effort by the Republican National Committee and John McCain's presidential campaign that told reporters last week it had nearly $100 million cash-on-hand as of June 30.

In an e-mail to potential donors, Plouffe said the Arizona senator has benefited from a beefed up fundraising effort "by collecting huge checks from Washington lobbyists and special interest PACs."

"[McCain's] financial position has improved in the last month. The RNC's cash on hand has risen. So now we face a position where McCain and the RNC have $96 million in the bank," Plouffe said in a Web video posted on the campaign's Web site.

Election Center: How the candidates matchup on fundraising

"They are using the RNC money, and they are using the McCain money they were able to raise while we were engaged in the primary to really spend a lot of money out there," he added.

"We have to make sure we are matching that. The only way we cand do that is for you all to continue to help us. We can't count on anybody else. We can't wait for a cavalry out there. The cavalry doesn't exist."

As of the end of May, Obama's campaign reported approximately $43 million cash on hand, of which roughly $10 million were general election funds. The campaign has yet to release its second quarter financial information.

The Democratic National Committee is expected to be of little help to the Obama campaign. On the heels of a strategy imposed by DNC chairman Howard Dean that seeks to beef up organization in all 50 states, the committee finds itself with virtually no money in the bank. As of the end of May, the DNC reported only $4 million cash on hand, $50 million less than the RNC had during the same time period.

soundoff (259 Responses)
  1. Unempressed

    Of course the RNC is rich, they've issued tax cuts to themselves and padded the lobbying corporations pocketbooks for the last 7 yrs. They've also had 7 yrs of excess donations and how many more months to fundraise unchallenged?

    This is like a peasant going up against royal pocketbooks or a no-name quaterback applicant vs the coaches kid.

    July 14, 2008 03:57 pm at 3:57 pm |
  2. ch

    I have donated to the DNC in 1992, 1996, 1998, 2000, 2004 and 2006.

    Of course, that was back in the good old days when they counted ALL the votes from ALL the states!

    Obama and/or the DNC will not get a cent from me until and unless Hillary is VP.

    July 14, 2008 03:59 pm at 3:59 pm |
  3. Marc PDX

    Obama's supporters are not a never-ending well of funding???

    DEBATE!

    July 14, 2008 03:59 pm at 3:59 pm |
  4. H-ROD

    AFORD--TO BE ABLE TO DO,,, TO MANAGE OR BEAR WITHOUT SERIOUS CONSEQUENCE OR ADVERSE EFFECT THE COUNTRY CAN'T AFFORD ANOTHER RASCIST VOTE . IF YOUR ARE A POOR RACIST WHO HAS A HOUSEHOLD INCOME OF 80,000 OR LESS VOTING REPUBLICAN IS LIKE SHOOTING YOURSELF IN THE FOOT YOU VOTE FOR BUSH A BANG RIGHT IN THE YOU FOOT FOR MCCAIN AND BANG RIGHT IN THE FOOT GET THE POINT IF NOTHING CHANGES NOTHING CHANGES YOUR RACISM IS HURTING YOU AND YOUR FAMILY THE RICH THINK YOU ARE DUMB AS HELL AND WANT YOU TO STAY THAT WAY THEY SAY WHAT DUMD SMUCKS THANK GOD FOR RACIST SMUCKS ALL THE BEST BIG OIL P.S. KEEP BUYING THOSE SUV'S

    July 14, 2008 04:00 pm at 4:00 pm |
  5. UNdemocratic

    America wants the BEST candidate.

    We resent that HRC was pushed, forced and hated out of the race.

    We do not care for the hateful, dirty, politics of manipulating the media to gut and destroy your opponent.

    We did not care for the political gang rape of HRC we were made to witness: Celebrities, Media, Obama, his campaign, Dean, Pelosi, the DNC, the superdelegates...

    Why? Because race trumps gender and everyone BUT the voters decided that Obama would be the selected and installed nominee of the once democratic party.

    July 14, 2008 04:01 pm at 4:01 pm |
  6. Barack would be a major mistake

    I think this is just another example of how conservatives are better at being guardians of our money. Democrats whether it is Barack or Hillary have proven to spend wrecklessly and their answer to their inability to reduce costs is to just raise our taxes and hurt our economy and put our jobs at jeopardy.

    July 14, 2008 04:01 pm at 4:01 pm |
  7. Barack would be a major mistake

    Barack is scared to Debate, his policies will become too transparent. His Dr. No on energy, and his Dr. Yes on Taxes won't fly with most of us.

    July 14, 2008 04:02 pm at 4:02 pm |
  8. Lisa

    Seem like Mcbama is begging for money now!!! He should have accepted public financing, I hope his fellow supporters keep his pockets fat, next thing you know he'll be giving another speech how he need to be paid.

    July 14, 2008 04:03 pm at 4:03 pm |
  9. plano, texas

    For those who call themselves democrats voting for Mccain. Sorry you're no democrat.
    I was 100 percent Hillary. I shook a lot of Obama supporters hands at the Texas Democatic conventions. As I shook there hand I told them I'm a true democrat. Once the Texas Convention was over I was going 100 percent Obama(once she concided). This is the only way to win your state.
    Helping the other candidate pay bills goes along way back, this is nothing new. Help Hillary pay the bills keep honor in the democratic party. Then lets get on with helping the next president of the united states. President Obama -Get used to it.

    July 14, 2008 04:04 pm at 4:04 pm |
  10. Alice - NYC

    Hey Obama supporters,

    Michelle Obama recently said that she couldn't buy a decent pair of earrings with the $600 tax rebate that some of us received.

    This is who you want to support. Wake up America!

    July 14, 2008 04:04 pm at 4:04 pm |
  11. Car

    GO MCCAIN...BEAT THAT POMPOUS OBAMA!!!

    July 14, 2008 04:04 pm at 4:04 pm |
  12. Hype of hope

    We do not want the installed self-serving, full of himself, fast tracking his way to the white house, spender....

    We want the true leader, HRC

    July 14, 2008 04:07 pm at 4:07 pm |
  13. Obama 08

    I do not believe that all of these people who claim to be angry Hillary supporters are the real thing. Having so much uncontrollled rage for so long is highly unlikely. At some point people have to get back to their lives.

    Voting for McCain is just illogical. Only a small number of people are stupid enough to make life tough on themselves and their families for four years just to make a political statement.

    Even Hillary says voting for McCain is stupid. Are these PUMA people angry with her now too?

    PUMA = GOP Trolls

    July 14, 2008 04:08 pm at 4:08 pm |
  14. The ego has landed

    Separation of Church and state.... no preacher for president.

    Obama is just too self-absorbed, self-serving, self-impressed.

    His ego needs to land, NOW.

    July 14, 2008 04:08 pm at 4:08 pm |
  15. Dem 4 Obama, PA

    Do the Clintons and their fanatical supporters (not the sensible ones who supported them with the expected amount of vigor and commitment...not them. I'm talking about the bi-polar, crying maniacs) still think the prolonged and abusive primary was a good thing?

    The republicans just sat back on all their cash while we engaged in a bloody family feud!

    July 14, 2008 04:09 pm at 4:09 pm |
  16. Ted

    Obama is losing his $ touch as more and more people get to know more about him.

    July 14, 2008 04:09 pm at 4:09 pm |
  17. Peter (CA)

    Shock! The Republicans are trying to buy an election? Guess it's either that or steal it.

    Don't get too worried about what happens in July. It doesn't mean much until the VP picks and the conventions. I am glad McCain wants to debate. It's going to be one of those "be careful what you wish for moments".

    July 14, 2008 04:10 pm at 4:10 pm |
  18. Erin in Edmonds WA

    I keep hearing that John McCain was not born in the United States. If that is true, then according to Article 2 of the US Consitution – Qualifications clause to be the president–he is not eligible to be president. A person must have been born in the US. If that's true, then get him the heck out.

    July 14, 2008 04:11 pm at 4:11 pm |
  19. Monica for Obama in Indiana

    Calling all Hillary Supporters, please help pay down her debt.

    To all supporters of Obama, money sent to the Obama campaign can not be transfered to Hillary, it will be against the law.

    It would be great if some fair minded journalist would write about this.

    July 14, 2008 04:12 pm at 4:12 pm |
  20. He fooled the sheople but not the people

    His ego did him in.

    The more he preaches, the more we see how full of himself and self-impressed this man is.

    he will sacrifice anyone and anything for his personal gain:
    Hillary,
    the democratic party,
    his white granny,
    Rev Wright,
    his own children
    Jesse Jackson
    FISA,
    IRAQ
    the economy.

    HE WASTED ENOUGH MONEY TO FEED A SMALL NATION- on his arrogant self-promotion. Hopefully to NO avail.

    Wise up People... stop being sheople following Oprah and the media hype of this hypocritical, pandering, typical dirty politician.

    July 14, 2008 04:12 pm at 4:12 pm |
  21. republicans went back to their own party

    The republicans financed him to help eliminate HRC from the race.

    Everyone thought it was Obama's "cross over appeal"...

    I warned as much.

    FEW TRUE DEMOCRATS supported or voted for Obama.

    He was a myth created by Oprah and the media and marketed via the internet.

    Obama just fooled his newbies and himself into thinking he was something.

    July 14, 2008 04:14 pm at 4:14 pm |
  22. Justin, Ohio

    Yes Obamabots! Donate to the Messiah!!! And while you're at it, be whiners and point your fingers at the media, those evil conservatives and anything else you can possibly think of to blame Obama's money woes on.

    Conservative against change to Socialism.

    McCain '08

    July 14, 2008 04:15 pm at 4:15 pm |
  23. Lisa

    If you can manage your campaign how are you suppose to manage the economy?

    Quote stolen from an Obama supporter!

    July 14, 2008 04:15 pm at 4:15 pm |
  24. CATHY

    Donated to Hillary but will never donate to obama.

    July 14, 2008 04:15 pm at 4:15 pm |
  25. Dr.No

    the more mcbush talks,the less obama will need to spend.

    July 14, 2008 04:16 pm at 4:16 pm |
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