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. Saad from NJ

    Not about being a Democrat or a Republican but these elections, though I have given money to Senator McCain, I want Senator Obama to win only because I feel he is a better candidate for damage control, something that we more desperately need than anything else right now.

    That said, this is ridiculous and I cannot make sense of it..... oh wait, Howard Dean is the chairman of DNC. No wonder DNC is out of money. Can someone please check Howard Dean's personal account, perhaps even check the aliases in Swiss Banks..... I bet you that's where DNC money has ended up. Howard Dean just does not look honest anymore.

    July 14, 2008 03:23 pm at 3:23 pm |
  2. BE

    Obama only considers people registered to lobby at the federal level "lobbyists" (i.e. he takes money from lobbyists, just not all of them).

    July 14, 2008 03:23 pm at 3:23 pm |
  3. Timo,NYC,NY

    If you can find a quote of Obama saying that he would accept public funds, please print it. Please, no paraphrasing, no spins. I bet you can find a single quote where he says he would accept public funds. If you're going to do a hit job, do it with the facts on your side.
    However, I will contribute!
    Dems 08!

    July 14, 2008 03:23 pm at 3:23 pm |
  4. Marie in California

    I wouldn't give Obama.....or the DNC.....one red cent!

    However, I donated to the Hillary camp yesterday to help retire her debt. Future donations will go to McCain and the RNC.

    If not Hillary, then McCain 2008!

    PUMA!

    July 14, 2008 03:24 pm at 3:24 pm |
  5. Babs

    Only 46% of Obama's funds have come from donations less than $200.00, so please knock off with the fairy tale that he is being supported totally by the "little people, small donations" kick that you Obama supporters seem to love. And only about 1.5% of the RNC's money comes from lobbyists, so you're wrong there,too. Wake up, your guy is in the pockets of big business and the energy companies more than any other candidate. He lies about it, and as usual, you just take him at his word. That's your first mistake.

    July 14, 2008 03:24 pm at 3:24 pm |
  6. Rave

    I was wondering how did this man manage to get past all the false controverseries, bad propoganda, false blogging ... being the first African American candidate for President of America...
    Now , we can clearly see that everyone is getting together including CNN, FOX, MSNBC, NYT to pull his legs... So pitiful !!!
    All along, media was trying to use him as a puppet to show that Americans have the heart to elect a black president... when many really DONT !!!
    But, folks it is already too Late... Watch.. He will win with a good margin against McCain and get re-elected in 2012.
    OBAMA (2008 -16)

    July 14, 2008 03:25 pm at 3:25 pm |
  7. Brenda of Saginaw ,Michigan

    How soon we forget. HRC is broke and yes she asked Mr. Obama to help her with her debt. McCain and his deep pocket wife have no problems she just got billions on her sale of stock to a foreign country.Mrs. Money Bags and the corrupt republican will keep mccain in power so that it will be the SAME old SAME for four more years and we will be a 3rd. world country. UNITED STATES of poor people for the people and by the people.

    July 14, 2008 03:25 pm at 3:25 pm |
  8. NObama

    Hey Obamabots,

    Get a grip. Your candidate is more Bush than McCain is. He's moving so far from the looney left that a donation attempt should be viewed as attempted fraud.

    Pathetic.

    July 14, 2008 03:26 pm at 3:26 pm |
  9. Michelle

    Obama is losing support.

    Americans are waking up. Some are even asking for refunds.

    Buyer's remorse!

    July 14, 2008 03:30 pm at 3:30 pm |
  10. Carmen

    He will get my donation and a lot from the Hispanic community.
    John McBush does not care about us.

    July 14, 2008 03:31 pm at 3:31 pm |
  11. CTP

    I'll support you, President Obama! YES WE WILL take back this country from the repugnantcans. YES WE WILL bring CHANGE!!!

    July 14, 2008 03:31 pm at 3:31 pm |
  12. Jane

    Just donated another $100 today. Let's keep it going, folks. It's hard, I know, but we've got to keep pushing until Obama is elected in November!

    DO NOT LET US SUFFER THROUGH A THIRD BUSH TERM IN THE FORM OF McCAIN.

    July 14, 2008 03:33 pm at 3:33 pm |
  13. NYC 4 OBAMA

    McBush is the worst flip flopping paderer of them all. Obama, another $1,000 on the way.

    July 14, 2008 03:34 pm at 3:34 pm |
  14. Lynn E

    Nope. I voted for Hillary Clinton. I will never give a dime to Obama or any organization that would give him money during this campaign. I will help her pay off her debt and give money to Nader for his campaign.

    July 14, 2008 03:34 pm at 3:34 pm |
  15. Matt M.

    There's gonna be a big surprise after this month's financial reporting. The DNC (and this should be obvious to anyone with half a brain) didn't have much money at the end of May because they didn't have a NOMINEE yet. June will look a lot different, I guarantee you.

    Same for the Obama campaigns fundraising. He JUST became the nominee, people. I predict 50 million for June, easy.

    Mark my words.

    July 14, 2008 03:35 pm at 3:35 pm |
  16. Kiah

    Marie in CA, if you believe that the Obama campaign is in money trouble you're definitely voting for the right person. BO is in no way having financial issues. His camp is just making sure people don't forget to donate after wasting so much money in a primary on your idiotic candidate who refused to drop out of an already LOST cause.

    But to the PUMA's and anyone else please continue wasting your money and giving to Washington lobbyist like Mark Penn, b/c not one red cent of my money will EVER go to HRC and her pathetic political career!

    Obama '08!
    (heading to donate right now)

    July 14, 2008 03:36 pm at 3:36 pm |
  17. ShirleyY - Seattle

    I HAVE NEVER BEEN IN AGREEMENT WTH OBAMA HELPING CLINTON PAY OFF HER DEBTS.

    CLINTON IS RESPONSIBLE FOR HER OWN CAMPAIGN, JUST LIKE OBAMA. OBAMA SHOULD STOP ASKING HIS SUPPORTERS TO HELP CLINTON, I AM NOT GOING TO HELP CLINTON, SHE CAN SALE SOME OF HER PROPERTY AND PAY HER DEBTS OFF.

    THIS IS HARMING OBAMA AND AS A SUPPORTER OF OBAMA, I REFUSE TO GIVE TO HIM AND CLINTON BOTH MONEY. OBAMA HAS NO RIGHT TO ASK HIS SUPPORTERS TO HELP CLINTON, I DONT LIKE CLINTON AND I WILL NOT HELP HER.

    BAMA YOU NEED TO GET ALL THE MONEY YOU CAN GET TO FIGHT AGAINST THE MCCAIN, STOP ASKING ME TO HELP CLINTON.

    IT'S ALRIGHT TO WANT THE PARTY TO REUNITED, DONT BE A FOOL AND LOSE SUPPORTERS OBAMA, BEGGING FOR CLINTON. HILLARY AND BILL, DONT LIKE OBAMA, HILLARY IS ONLY SHOWING ON THE TRIAL WITH OBAMA FOR SELF GAIN AND BILL IS SO MAD, HE'S ACTING LIKE A BRAT. GROW UP BILL, YOU CRY BABY.

    July 14, 2008 03:37 pm at 3:37 pm |
  18. Candidate of change?

    Hearing of the continued donations of Obama supporters simply tells me that the economy must be in good shape for people to be throwing their money away.

    July 14, 2008 03:37 pm at 3:37 pm |
  19. Obama-Junkie, IL

    So what will the RNC do, spend more money to help McCain lose or spend more on retaining RNC congressional seats in November?

    Don't worry Obama! The Obamabots, Obamacans, Obamacrats and Democrats will help support you come November. Right now many of us are taking a break from the long primary season.

    Don't be surprised if Obama raises $50 million per month after July 31st!

    July 14, 2008 03:39 pm at 3:39 pm |
  20. TiredOfMcCainsFreeRide

    Obama, never fret, my donation is on it's way!

    July 14, 2008 03:41 pm at 3:41 pm |
  21. Candidate of change?

    It is clear to any impartial observer that Obama reversed his position on public finance. But I guess it depends on what the definition of "is" is.

    July 14, 2008 03:42 pm at 3:42 pm |
  22. Lesley

    Matt – I agree there is far more coverage of Obama but it is mostly negative, conservative-oriented, and representative of special interests. It's like tabloid reporting only it's coming from what used to be respected news media. Win the battle, lose the war. McCain will not be elected.

    July 14, 2008 03:43 pm at 3:43 pm |
  23. Peter E

    I am laughing my head off. In the fall Obama supporters were decrying Hillary for having money and 'buying the election.' Then when Obama was on top they characterized having money as 'giving voice to the people.' Now that their candidate is under again money is once again 'corruption.'
    Make up your mind!

    July 14, 2008 03:44 pm at 3:44 pm |
  24. Concerned in Alabama

    Obama, don't worry; we got your back!

    July 14, 2008 03:44 pm at 3:44 pm |
  25. Barack W. Bush

    It is becoming evident that Obama is a third Bush term. Oh yeah, and he's also a warmonger. And senile. Allegedly.

    July 14, 2008 03:44 pm at 3:44 pm |
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