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. Vig

    New Newsweek poll shows Obama's lead fading fast. Is it any wonder? The Democrats pushed Obama into the spotlight while shoving Hillary Clinton out the door. Obama is basically still an unknown and the New Yorker cartoon solidifies the lingering questions about who he really is. Member of a racist church for 20 years? What does this mean? Can't be bothered putting his hand over his heart during the pledge. What does this say about him? Can't be bothered wearing a flap pin. Wife hasn't been proud of America until her husband grabs the spotlight – self-interest makes you suddenly patriotic? All I have to say is BRING BACK HILLARY or the Democrats will lose in November and will have 4 more Bush years.

    July 14, 2008 02:42 pm at 2:42 pm |
  2. Jeremy

    Maybe the DNC and Obama should JUST GET OVER IT

    July 14, 2008 02:42 pm at 2:42 pm |
  3. HispanicforObama

    Yes we can. I am donating!

    July 14, 2008 02:42 pm at 2:42 pm |
  4. Smart1

    I have and will be giving religously to his campaign. Also there will be fund raising benefits goingon. David is also trying to play down the private campaign financing issue. Barack has way more coming that he hasn't even unveiled yet.

    July 14, 2008 02:42 pm at 2:42 pm |
  5. Matt, Minneapolis, MN

    By "Huge Checks" they mean $2300 which is double what I donated, someone who makes less than 50k. By Special interests they mean pharm, oil, and cars. You know not Lawyers, Unions, Hollywood. And by go McCain we mean that we don't want another liberal in sheeps clothing voted into office just to turn Iran into a powerhouse like Carter did. Just remember Obama wants to do away with the anonymous ballots in Unions, so it'll be just like the good ole days. You remember those democrats like Capone, who wanted to help the people out by making sure they voted for the right thing. Those Democrats like Roosevelt who spurred runaway entitlements and spending. I hope people remember those old policies when they vote for this revamping of it with rose smelling cologne on.

    Change without substance is status quo...NO TO O.

    July 14, 2008 02:42 pm at 2:42 pm |
  6. Lesley

    To all of you Hillary supporters, do you really want McCain in the White House, repaying all of those special interests groups that got him there? Get over it and support the party's nominee. Hillary can take her time paying off her campaign debts, but Obama only has until November 4.

    July 14, 2008 02:43 pm at 2:43 pm |
  7. Arack Bobama

    Obama is "insulted" and "outraged" over every comment made about him or his loose canon wife that is not consistent with his self-styled "'Messiah" image. He has about as thick a skin as an onion (can i say that, Barack?).

    July 14, 2008 02:44 pm at 2:44 pm |
  8. Messiah simplex

    Obama 08/12..........................16,20..................................................!

    July 14, 2008 02:44 pm at 2:44 pm |
  9. Laura in Pittsburgh

    It seems that his supporters may not be responding well to his flip-flopping on the issues over the past few months. As for the DNC, I will not contribute a penny to them after they steamrailed Sen. Clinton out of the primary. In fact I just sent another $50 to help her retire her campaign debt.

    July 14, 2008 02:44 pm at 2:44 pm |
  10. Women In California For Obama

    Doris,Memphis,TN July 14th, 2008 2:18 pm ET

    Many of my friends and I are waiting until Hillary Clinton's debt
    is settled before we start sending money to Barack again.
    We don't want any of our money to go to her campaign.
    She made a mess of everything by staying in the race to
    long!

    Doris, he can't legally pay off her debts so you can begin sending money again. I too held off until I was sure MY money would not go to her. Now, we can get back to business and for all those planning to "leave" the party, PLEASE GO and don't waste any time doing it. Only don't expect us to forget this in 2012. 2012 will be The BIG PAYBACK.

    July 14, 2008 02:44 pm at 2:44 pm |
  11. Anthony Pine

    You only donated $25? LOL!! That's it!?! I just donated $700 to McCain. The McCain supporters will off-set any money that you Obama supporters will donate. Remember, we are Republicans and we have a lot more money than you poor democrats. Donate your milk, egg, and cereal money if you want. You are the ones that are struggling to pay for Obama's NASCAR and his stupid stadium presentation that you will not even get to go to. Maybe you need to tell your candidate to spend his money more wisely. Everytime you Obama supporters donate $25, there is some McCain supporter out there who is already donating the max. Forget it Obama supporters because as far as money and experience is concerened, we will have you beat on this one. LOL!!!

    July 14, 2008 02:44 pm at 2:44 pm |
  12. JIM...TX

    Scotty...thats EXACTLY what we have been telling you HRC people since she LOST...Let her 18 million?? supporters pay her debt off which has been ongoing for months now. Obama's supporters will step up as soon as we're sure our $$ isn't being WASTED on bailing her butt out of trouble.

    July 14, 2008 02:44 pm at 2:44 pm |
  13. joe smith

    money is great, but the voice of the people are whats' going to get someone to 1600 Pa. Ave...

    July 14, 2008 02:45 pm at 2:45 pm |
  14. v.a.

    i wish all the PUMAs posting on here weren't mentally challenged.

    July 14, 2008 02:45 pm at 2:45 pm |
  15. True democrats don't accept installed nominees

    Despite Obama's big boastful, preachy, cocky, swaggering ego manufacturing an air of inevitability....

    Despite the best face of the DNC to pretend Obama is not the weakest democratic nominee to EVER be selected (installed).

    Despite all the efforts of the media to build Obama up and lift him up each time he falls...

    Despite HRC's best efforts to prop up this hypocritical puppet nominee... still...

    Obama's campaign has been sliding downhill since Texas and Ohio. Just because the few cultists scream the loudest, blog the most, and spew the most hatred, does not make them the majority.

    Most democrats wanted HRC and voted for her. Many of those votes were not counted, many were prevented from being cast at caucus, many republicans "CROSSED OVER" to Obama to eliminate HRC from the running. These unethical tactics created the illusion of strength just like Obama hoped they would.

    Now, his true unworthiness to lead and his lack of a mandate are becoming obvious.

    The only solution for the democrats is to UNDO the travesty and actually elect HRC as nominee.

    These hate games and race baiting and thug tactics employed by the Obama campaign to steal the nomination MUST be oppossed by all true democrats.

    July 14, 2008 02:46 pm at 2:46 pm |
  16. Donnell

    Doris, Memphis, Tn-
    I understand where you are coming from, but, we can't wait until Hillary’s debt is settled before we step up. Resolving that hugh debt is going to take some time, meanwhile "McSame as Bush" and the RNC are building a substantial war chest.

    I'm going to make another donation today and I encourage those on the side of Obama to do the same.

    No more of the same failed policies...Obama 08...

    July 14, 2008 02:46 pm at 2:46 pm |
  17. BHO my Dem Candidate!

    I'm glad that Sen. Obama is doing this. He understands how crucial this election is and how we cannot have another 4-8 years of FAILED Bush administration policies, which is exactly what would happen if McCain becomes President. He also understands that Republicans aren't going to play 'fair' and stick to REAL issues that all Americans care about, like health care, gas prices, the war, education because when it comes to policy talk for the Republicans, they don't have a leg to stand on. It's how they win elections, by attempting to smear their opponents and unfortunately too many Americans are gullible enough to believe their attacks. Obama has to have the resources to respond immediately to any and all smear attacks against him, period.

    July 14, 2008 02:46 pm at 2:46 pm |
  18. Was a Democrat-Now an Independent

    Stop blaming the PACs, people. They have contributed approximately 1% of the campaign cash on both sides. It is an ignorant argument, and people shouls know the facts before ascribing blame. As a Hillary supporter, I have contributed to her directly to help pay down her debt. I am one of her small donors, and I have not and will not give to the Obama Cmpaign. They should have thought this whoie rejection of public financing through before they LIED and switched positions on the issue.They were counting on the big and small Hillery donors, and we are not giving to his campaign. Hubris comes at a cost.

    July 14, 2008 02:46 pm at 2:46 pm |
  19. Shannon

    McShame bellyaches about campaign financing, where did he get the money from to purchase his airplane/jet? Perhaps Cindy bankrolled it.

    July 14, 2008 02:46 pm at 2:46 pm |
  20. theboxman

    Don't really care not voting for either of these people.

    July 14, 2008 02:46 pm at 2:46 pm |
  21. ellie

    I don't understand why, after several requests from obama supporters, the campaign still doesn't offer PayPal as a donation option. People without credit cards or who are leery of sending that information over the internet would be much more likely to send money through PayPal or donate balances left over from eBay transactions, etc. They're really missing the boat on this one.

    July 14, 2008 02:46 pm at 2:46 pm |
  22. Not so clean candidate

    His big money, big interest, corporate backers have maxed out already.

    July 14, 2008 02:46 pm at 2:46 pm |
  23. NC_Voter_For_Obama

    Just donated $25.00.
    Barack all the way!!

    July 14, 2008 02:47 pm at 2:47 pm |
  24. FRED, Atlanta GA

    I donated $25.00 hopefully a lot of supporters will do the same I don't think any of this money will go to hillary it's sad that her STAUNCH supporters aren't helping her like they should it's like they left her high and dry.

    OBAMA 08/12

    July 14, 2008 02:47 pm at 2:47 pm |
  25. Ron, Portland, OR

    Just made my 4th contribution with more to follow.

    Got no job, no insurance but this is more important.

    July 14, 2008 02:48 pm at 2:48 pm |
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