July 17th, 2008
08:04 AM ET
6 years ago

June take for Obama's campaign coffers: $52 million

Barack Obama's campaign says it raised more than twice as much as John McCain last month.
Barack Obama's campaign says it raised more than twice as much as John McCain last month.

WASHINGTON (CNN) - Barack Obama's campaign raised $52 million last month, more than twice the amount of funds brought in by his rival, John McCain, according to campaign officials for the presumed Democratic presidential nominee.

Obama's campaign now has $72 million cash on hand, the term used to describe how much money they currently have to spend, campaign officials said Thursday.

The average donation to Obama in June was $68, the officials said, bringing the monthly total to more than twice the $22 million raised in May. Meanwhile, the Democratic National Committee reports it raised over $22 million in June - bringing the total cash-on-hand held by Obama and the DNC to $92 million.

At that time, the Illinois senator was still locked in a fierce primary battle with Sen. Hillary Clinton for the Democratic presidential nomination, and Obama was spending more time campaigning for votes and delegates than simply fundraising.

With the conclusion of the primaries in early June and Clinton's suspension of her campaign just days later, Obama's campaign cash numbers had been expected to rise in June.

McCain's campaign raised $22 million in June, its best month yet. The campaign said that combined with the Republican National Committee, they have about $95 million cash on hand.

Earlier: McCain camp says GOP has $95 million

In a fundraising e-mail to supporters, Obama Campaign Manager David Plouffe acknowledged the deficit, saying that “McCain and the RNC together still have a huge cash advantage, and we need your help to close the gap.”

Obama has opted out of using public financing for his campaign, but McCain is accepting federal funds. That means at the conclusion of the political conventions in September, McCain will get about $85 million in public funds to spend on his campaign until Election Day, November 4th.

Obama will receive no federal money, but is free to raise and spend as much money as he can. If he continues to raise large amounts of money, he could have an advantage over McCain when it comes to campaign cash in the crucial months of September and October.

Money of course is not the only factor in the campaign, but it does pay for advertisements on television, radio, the Internet and in print, as well as fund expensive get-out-the-vote efforts in crucial battleground states across the country.

soundoff (264 Responses)
  1. James From Chicago

    I have a question, maybe someone has the answer??

    He is raising so much money, why is he only ahead by 6 points.???

    I am waiting for the debate when Obama's speech writers aren't
    by his side to tell him what to say. Remember the debates between
    him and Clinton?? He stuttered and stammered like an idiot.

    July 17, 2008 08:31 am at 8:31 am |
  2. right source

    Obama WILL have well over the 95 million that McCain is getting from RNC and donations. Obama's camp will not take donations from any special interest groups. That shows me the strength of his campaign and the strength of the American people and their willingness for change.

    Obama '08

    July 17, 2008 08:31 am at 8:31 am |
  3. NC Attorney

    I am proud and honored to be among those that contributed $52 Million. Yes We Can.....

    July 17, 2008 08:32 am at 8:32 am |
  4. A NATION OF WHINERS FOR OBAMA

    WE CAN NOT EVEN RISK THE POSSIBILITY OF ELECTING

    A MAN THAT IS 16 YEARS BEHIND THE GLOBAL REALITY.

    MCCLUELESS IS STILL REFINING HIS CZECHOSLOVAKIA

    AND USSR POLICY. IT WOULD BE FUNNY, IF HE WEREN'T

    CRAWLING FOR THE US PRESIDENCY.

    July 17, 2008 08:32 am at 8:32 am |
  5. blaising

    LOVE IT!!

    Step aside McFlipflop and let those that GET IT take over!!

    Buh bye!!

    July 17, 2008 08:34 am at 8:34 am |
  6. Tamara Wyzanski

    I love OBAMA I would donate money to him any day! Every little penny counts so keep on giving! Last time I only gave 30 dollars and I got a friendly email right away saying thank you and that it makes a difference...and I know that it does! <3 OBAMA! KEEP ON GIVING BABY! I AM FIRED UP!

    July 17, 2008 08:34 am at 8:34 am |
  7. Bob Indianapolis, IN

    McSame will get crushed in all but the most redneck states. Formerly red states will turn purple from all the blue rising. America will turn its back on the neo-con game that has been running for eight years. The time has come today!

    July 17, 2008 08:34 am at 8:34 am |
  8. proud army and navy mom

    good job people. I donate to Sen Obama as much as i can, but it isn't a lot. it's the thought that counts though.

    Dems, we have to defeat the Repugs in Nov, so i troops will have someone who really looks out for their interest. Sen Obama is a leader that they can be proud of...much better than the baffoons that currently leads our country.

    July 17, 2008 08:35 am at 8:35 am |
  9. HELEN-NC

    Staying focus.

    Go Obama!

    July 17, 2008 08:36 am at 8:36 am |
  10. John McShame, Obama Is Going to Tax You & Cindy, but Not Me & 95% Americans Making < $250,000/Yr

    Woohoo!!!!!!!!!!!!!!!

    Yes we can! – more donations on it's way to you, our next president: Barack Obama!!!!!

    Go Barack – all the waaaaaaaaaaay to the white house!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    July 17, 2008 08:36 am at 8:36 am |
  11. Vincent

    Mr Obama is proving to be a fierce money man. All of us down here in Africa are inspired by his leadership. Keep it up Ya LUO!

    July 17, 2008 08:36 am at 8:36 am |
  12. Pete

    Mccain is getting pwned. Along with the lunatic puma power people – what a bunch of clowns!

    July 17, 2008 08:37 am at 8:37 am |
  13. Rocky Michigan

    Obama proved he will do anything to get elected including outright lie. When he went back on his pledge to accept public financing it told me all I needed to know about this guy.

    July 17, 2008 08:38 am at 8:38 am |
  14. Latrece

    Yeah slash those records!!!!!!! Keep talking and speculating corporate media.

    July 17, 2008 08:38 am at 8:38 am |
  15. jim

    This after the media spent a week spinning another incorrect doom and gloom story about Obama....

    July 17, 2008 08:39 am at 8:39 am |
  16. Don

    Let the silly ads begin.

    July 17, 2008 08:39 am at 8:39 am |
  17. PUMA tuPAC

    I dont care about my rights as a woman.... GO MCCAIN!!!

    July 17, 2008 08:40 am at 8:40 am |
  18. Jamaal kansas

    Good job Obama supporter that was an excellent month this month will be even bigger send in 5 dollars and you can be eligible to go to the democratic convetion and you will be able to bring one guest Obama 08 Yes WE CAN

    July 17, 2008 08:40 am at 8:40 am |
  19. Republican_for_Barack

    Of course the cash is important ! it may as well be the main issue in this election ! though i was upset when BO opted out of the public system, now i understand why!!. My son is in irak right now and i don't want him to stay there for 100 more years. For the first time , im casting my vote for a non-republican, and that guy is Obama

    July 17, 2008 08:41 am at 8:41 am |
  20. Dr.Mimi De La Cruz

    IT WOULD BE WORTH IT, IF AMERICANS TOOK OUT LOANS,

    TO ELECT OBAMA PRESIDENT. MCCLUELESS NOT SO SHARP.

    WE DESPERATELY NEED A WELL EDUCATED, MENTALLY STABLE

    LEADER. WE ARE ELECTING THE NATION'S CEO,NOT THE NATIONS

    MORON. WE TRIED ONE OF THOSE & IT DID NOT WORK TOO WELL.

    July 17, 2008 08:42 am at 8:42 am |
  21. Danny in Ohio

    Donated another $25 just now! That's a total of $100 since the beginging of the year. That's all I'm able to afford for politics. I still don't have a ton of faith. I'm under the impression that these guys are only telling us what we want to hear and when they take office, nothing changes. But, my faith/hope is still here... only.. it's worth $100. That's about what I spend on gas every 2 weeks!

    July 17, 2008 08:42 am at 8:42 am |
  22. Chad, Wisco

    How about both canidates "donate" their money to the country and get back to doing their jobs and we'll elect the one we best determine based on what they do. It would save us a ton of time and money.

    July 17, 2008 08:43 am at 8:43 am |
  23. Mike Dallas

    Glad I could help! I have set the campaign up for a bi-weekly recurring payment from now thru November!

    July 17, 2008 08:44 am at 8:44 am |
  24. FEDUP

    The economy is in a "mental recession". If people can contribute so much money to candidates, we should not worry about the high price of fuel after all. Unless these contributions are from the big boys. The Bernie Mac, $2,300.00 a plate fund raiser, couldn't hurt. I find it hard to believe this money is from all the little people. I'd be willing to bet the charities are really hurting for cash. What a waste...all for the power we put in one persons' hand.

    July 17, 2008 08:44 am at 8:44 am |
  25. Yvonne

    I know this just drives the Obama haters crazy. All that talk about how his fundraising was crashing and how FISA had sunk him was just wishful Republican thinking.

    July 17, 2008 08:45 am at 8:45 am |
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