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. PHIL TEXAS

    LORNA, NY

    KEEP DONATING TO HIS CAMPAIGN AND IF HE WINS,,YOU AND ALL THE REST WILL STILL BE DONATING TO HIM IN THE FORM OF VERY HIGH TAXES........

    NOT BE CRAZY

    July 17, 2008 09:34 am at 9:34 am |
  2. Brooke

    Thank you for abandoning your promise to take public financing. It's nice to see this man say and do anything to get elected. What, to me, is more distressing is that his legions of followers will explain away any inconsistency or flip flop. President Obama sounds absolutely terrifying, my wallet is planning on going into hiding and my 1st Amendment Rights are a little worried too.

    July 17, 2008 09:34 am at 9:34 am |
  3. Reality Check

    "Millions are being contributed to Obama's campaign while we have banks failing, floods destroying property, fire fighters fighting to extreme exhaustion in California and the worst drought in the panhandle of Oklahoma since the Dust Bowl. If these same contributors would respond to these problems the way they have to his campaign—what a "real CHANGE" they could make in the lives of so many Americans."

    This is very, very misguided.

    Unless he gets into power, he can only throw money at these causes. If he throws all that money at getting into power, he can change the root of the causes–legislation–and be even more effective than simply providing a charity donation.

    July 17, 2008 09:34 am at 9:34 am |
  4. FactCheck

    > Millions are being contributed to Obama's campaign while we have
    > banks failing, floods destroying property, fire fighters fighting to
    > extreme exhaustion in California and the worst drought in the
    > panhandle of Oklahoma since the Dust Bowl

    You really have no idea how this country works do you? Why do you think this country is in such sad shape? I'll give you a hint... it wasn't in such a sad shape 8 years ago.

    July 17, 2008 09:34 am at 9:34 am |
  5. Voter behind Obama

    Are you fired up? or you ready? Yes we are and yes we can. Average voter contribution will raise to $99. These smart voters want Obama as president. Go Obama , Go America

    July 17, 2008 09:34 am at 9:34 am |
  6. naya

    Hey J.S,

    we do pay billions of dollars for those things to be fixed..they are called taxes...if you dont think we pay enough, you go ahead and pay a little more.

    you talk as if mcsame isnt getting millions of dollars either...

    July 17, 2008 09:35 am at 9:35 am |
  7. Jeremy Sun

    McBush and his fat-cat buddies won't win this time!

    July 17, 2008 09:35 am at 9:35 am |
  8. Blake

    to J.S.

    I understand your point, but the fact is without legislation in place and an infrastructure to donate to these said causes, It is all just chaff in the wind. The law of the country and local government plus people donating time and financial support together is the only way to combat the challenges that this nation and this world face. I appreciate your resolve to point out the problems that we are facing, but it is a new direction from our leaders and law makers that will help spur real change. You can not just throw money at problems, you have to have a plan of action as well. I hope that Obama gets in as well as a larger Democratic Majority gets in so we can start moving on some of these issues.

    Kindest regards,
    Blake

    July 17, 2008 09:35 am at 9:35 am |
  9. FactCheck

    > This nominee was hand picked What a shame. He better pick her for > his VP or else he might get quite the surprise th is Nov.

    How much did you contribute to pay off HRC's debt? Yeah, that's what I thought. Now why don't you please shut up and leave the discussion for the adults at the table.

    July 17, 2008 09:35 am at 9:35 am |
  10. Kat

    And here's another $50.

    Obama '08

    July 17, 2008 09:36 am at 9:36 am |
  11. haha Joanne

    Joanne–probably should shore up a little on the grammar there...if you want to argue a point, you should at least make it LOOK like you are smart...

    July 17, 2008 09:36 am at 9:36 am |
  12. Candy White girl from West Virginia

    I will continue to donate my money, the only time in my 44 yrs of ever donating to a candidate. I believe in him and his message. Barack the vote!

    July 17, 2008 09:37 am at 9:37 am |
  13. Too J.S.

    J.S. Just think if we would of spent the BILLIONS of dollars wasted in Iraq on such needs, bridges wouldn't be falling down.

    July 17, 2008 09:37 am at 9:37 am |
  14. Matt M.

    J.S.,

    I, as well as most of the other Obama supporters I know, DO contricute money to many other causes and charities. But we also contribute to Obama because we know that having the right President makes an enormous difference in such things as whether or not banks fail in the future, or whether disasters are adequately responded to.

    It's ridiculous to criticize people for taking part in the political process and donating money to a presidential candidate. So in your honor, I'm gonna go ahead and donate another $50 each to Obama and the Red Cross.

    July 17, 2008 09:37 am at 9:37 am |
  15. Zonker

    Banks are failing, people are having trouble making their mortgages, and still he is able to raise $52 million total from more than 750,000 donors. This should be as much a scathing indictment of the current administration's policies as it is an endorsment of America's best option for true leadership.

    July 17, 2008 09:37 am at 9:37 am |
  16. dEMOBRAT

    Obama 60 year old-WF I believe the media was reporting that McCain still had more cash on hand, not that McCain had raised more money this month.

    July 17, 2008 09:37 am at 9:37 am |
  17. Susan

    McCain should be ahead overall – he has been the GOP presumptive nominee much longer than Obama has been the Democratic candidate.

    I look forward to the first debate. That will change everything.

    Obama 2008

    July 17, 2008 09:37 am at 9:37 am |
  18. Carly

    I'd donate to his campaign many times over but I'm Canadian so I'm not allowed :D

    July 17, 2008 09:38 am at 9:38 am |
  19. Sean

    J.S. said "Millions are being contributed to Obama's campaign while we have banks failing, floods destroying property, fire fighters fighting to extreme exhaustion in California and the worst drought in the panhandle of Oklahoma since the Dust Bowl. If these same contributors would respond to these problems the way they have to his campaign—what a "real CHANGE" they could make in the lives of so many Americans."

    Why do you think people are giving Obama this kind of money?...........
    They are doing it to CHANGE the policies that George Bush and his cloonies have totally mess up.

    Now for the nature occurances, I think people will continue to help their fellow man in every way possible. Man cannot stop drought or dust bowls, but they can stop white collar crooks from taking advantage of the less fortunate.

    July 17, 2008 09:39 am at 9:39 am |
  20. aaron from minneapolis

    Obama all the way to the white house!!!

    July 17, 2008 09:39 am at 9:39 am |
  21. DMC, USA

    Obama was not my choice. However, he has my support. No one should feel that this election is Obama's to win. This will be a battle to the wire. Fortunately, his handlers seem to have a clear direction and a good plan to see him to the general. McCain needs to be shut down and sent out of the arena.

    July 17, 2008 09:39 am at 9:39 am |
  22. dEMOBRAT

    Get out of here Puma Tupac spammer PIG! Go spew your McSpew BS somehwere else.

    Glad you represent Obama.

    July 17, 2008 09:40 am at 9:40 am |
  23. Enlightened Voter

    I have never been inspired before by any candidate to donate money, however I have donated hundreds to Barack's campaign and will continue to do so. He is the real deal.
    And PUMA tuPAC – you must don't care about the soldiers, civil liberties, GI's, the environment, peace, gas prices, food prices, homes in foreclosures, half a million jobs lost since january either.

    July 17, 2008 09:41 am at 9:41 am |
  24. dAVE

    That's impressive! I donated. We need a new direction in this country, and we're determined to get it.

    July 17, 2008 09:41 am at 9:41 am |
  25. OBAMA WINS GEORGIA

    GREAT JOB OBAMA! HERE IS ANOTHER $500

    July 17, 2008 09:41 am at 9:41 am |
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