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. This says it all

    McCain vs. Obama: The hero vs. the zero

    July 14, 2008 02:55 pm at 2:55 pm |
  2. NewAmericancitizen

    I will send you $300 tonight, – on top of $1500 already donated for well deserved president to be – Obama. Holla whenever you need more.

    July 14, 2008 02:56 pm at 2:56 pm |
  3. jimmy velman

    OBAMA – CLINTON 08 AND 12.

    July 14, 2008 02:56 pm at 2:56 pm |
  4. Ms. RDS

    It's not so much that McCain himself is raising all this as it is the RNC. The DNC is broke that has been noted for sometime now. And if Obama had took the 85 million he would really be at a disadvantage. He just needs more fundraising from his supporters and for the DNC to get out there and do their part to help.

    July 14, 2008 02:57 pm at 2:57 pm |
  5. Carrie Goodeagle Hayden, Idaho

    I'm sending my third $25.00 this Friday, which is my payday. I work at a hospital and know what a mess Healthcare is in. We need a one payer plan for all. Go Obama (and Hillary thanks for all you do for healthcare).

    July 14, 2008 02:57 pm at 2:57 pm |
  6. Brian

    Obama has always been the underdog! It's the American people vs. the PACs, special interest groups and powerful political lobbies that have taken control of our government.

    If you didn't see McCain getting tons of money from these organizations, you're oblivious to what's happening in America.

    It's time to take back control of our country... finally we have the chance to elect someone intelligent, qualified, committed to American values... not another rich, white billionaire looking out for the interests of his powerful donors.

    Let's seize that opportunity! Make a donation! OBAMA '08!!!

    July 14, 2008 02:58 pm at 2:58 pm |
  7. Jay

    You Obama freaks who will not donate to Obama because of Hillarys debt are STUPID!

    1st – That money cant be givin to someone else
    2nd – Hillary is not wanting the money she loaned herself back.
    3rd – Please dont vote if you dont know what the hell you are doing.

    Im one of those bitter Hillary supporters, but slowly coming over to Obamas side. I just cant stand McCain!

    July 14, 2008 02:59 pm at 2:59 pm |
  8. Fay Tx

    Jimmy Velman--THEY HAVE THE MONEY $$$$$$TONS OF IT IF HILLARY WILL BECOME THE VP ON OBAMA'S TICKET. . IT WILL SWAMP MCCAINS GOP'S MONEY SUPPORT. WATCH THE NUMBERS GO UP FOR OBAMA ONCE HE CHOOSES HILLARY AS HIS VP RUNNING MATE.............A good start pay Hillary Debt !!!!

    July 14, 2008 02:59 pm at 2:59 pm |
  9. Still for Hill

    The myth created by the Obama campaign inspired the left wing and the young newbies.

    Some are influenced by Oprah, Caroline and other celebrity endorsements.

    Some buy into the lies of a biased media.

    MOST think for themselves and vote for the BEST candidate out there- no race baiting, no gender games, no bias, no hate... just on the qualifications, character and the issues.

    July 14, 2008 03:00 pm at 3:00 pm |
  10. Jerry

    Awesome….. Go get them Obama. I am writing another $100 check as we speak. It is the best investment I can make or have my taxes increased by %18 along with no healthcare!

    Obama 08,12,16!

    July 14, 2008 03:01 pm at 3:01 pm |
  11. Dominique

    This is why we have to focus on funding Barack's campaign and put the demands to repay Hillary's debt on the backburner. If Democrats really want to put a person in the White House next year then we need to focus on the big picture.

    July 14, 2008 03:04 pm at 3:04 pm |
  12. David Husein Schultz in Chicago

    $25 Donated just now!!

    July 14, 2008 03:04 pm at 3:04 pm |
  13. John in Virgina

    Another $1000.00 will be on the way Obama. We will not have someone who graduated 894 out of 899 running this country. We've already seen what Mr. Bush is capable of.

    July 14, 2008 03:06 pm at 3:06 pm |
  14. Peter of Oregon

    This is what Obama was talking about when he declined public financing:

    The fact that McCain and the Republican party know how to subvert the intent of free and fair elections by the candidate using public funds and his surrogates/party using lobbyist money to fuel his campaign.

    Obama said neither he nor the DNC would accept Lobbyist PAC money.

    July 14, 2008 03:06 pm at 3:06 pm |
  15. FOR FAIR PLAY

    My conscience is clear.... I voted for the most qualified to lead, the most accomplished public servant, the most experienced candidate and the policy wonk.

    I did not fall for the hype of hope that hid the campaign of divisive hate.

    I did not vote for the rock star who promised change but campaigned using the same old dirty tricks.

    I did not support the race card playing, the sexism, the media bias, the denigration and insults that trashed HRC just to advance Obama.

    I voted my conscience- for the very BEST- no hate, no insults, no vulgarity, no filth, no denigration, no debasing of any fellow democrat or any fellow American.

    Can the OBAMA followers say the same?

    July 14, 2008 03:06 pm at 3:06 pm |
  16. OBAMA 4 CHANGE

    democrats who vote for mccain should call themselves independents and not democrats.

    July 14, 2008 03:07 pm at 3:07 pm |
  17. Voter

    Senator Obama, help is on the way. Keep the faith.

    July 14, 2008 03:07 pm at 3:07 pm |
  18. AUSTIN,TX

    DON'T WORRY OBAMA, CASH IS ON THE WAY. THOSE OF YOU THAT WANT VOTE FOR OBAMA, WHO CARES KEEP YOUR COMMENTS TO YOURSELF

    July 14, 2008 03:08 pm at 3:08 pm |
  19. michelle

    This is all lies people, they have the money. they just want more. They would have more money if they cut back on some of their stuff, like their hired bloggers. Its all a sham to get more money now that they realize they're in trouble in the polls. Its lies people.

    July 14, 2008 03:08 pm at 3:08 pm |
  20. Jamaal kansas

    The dnc needs to step there money game up I will contribue 30 dollars to Obama but not the DNC they dragged there feet in the Primary they should have told hillary to leave in march and Obama would be sitting on 150 million right now

    July 14, 2008 03:08 pm at 3:08 pm |
  21. Donna

    Barack's campaign isn't getting the big numbers any more because the republicans have stopped supporting him now that they got Hillary out of the way. Just a thought....

    July 14, 2008 03:09 pm at 3:09 pm |
  22. lucky

    I have to finish the job that I started. Obama 08,12,16.....!
    I am donating!

    July 14, 2008 03:09 pm at 3:09 pm |
  23. Former HC Girl

    NOT A DIME, NOT A DIME. NOT EVER, NOT EVER. No money for an arrogant, lying, corrupt politician. Go back to Chicago with your dear rev wright.

    July 14, 2008 03:10 pm at 3:10 pm |
  24. LT in Cali

    No worries. After the convention, the money will flow in in droves. I plan to donate regularly starting on the day of the convention.

    FISA is one issue that I accept Obama's reason for supporting it. He is still committed to the safety and security of this country and is going to make sure that rights will be protected. It really helps if you listen to his speeches, especially the town hall ones where the question was raised as to why he supported it and his answer.

    CNN Live Video is a wonderful thing to have at work because you can still do your job and listen to the live speeches in their entirety.

    July 14, 2008 03:10 pm at 3:10 pm |
  25. Greggy V

    Don't expect a penny from me Mr. Flip-Flop

    July 14, 2008 03:10 pm at 3:10 pm |
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