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. obama is unfit to be president of this country

    I am getting absolutely sick of having to look at this fool.

    July 17, 2008 09:41 am at 9:41 am |
  2. Deb, Allentown, PA

    J.S., that's a lovely thought, but unfortunately, it's extremely difficult to fix those problems from our position as bystanders. I think I speak for many others when I say that our supreme hope is that by donating money to BO, we'll finally put someone in the White House who will address those issues.

    Remember, we still have a Republican controlled executive branch, with a Democratic controlled legistrative branch. That makes for gridlock, with the exception of the occasional override like we saw on the Medicare issue recently. The same problem will exist if McCain is elected. My hope is that when the same party controls both branches, they can start to fix what ails this country.

    July 17, 2008 09:41 am at 9:41 am |
  3. Orlando for Obama

    Let's Ba-ROCK the Vote. FIRED UP & READY TO GO, FIRED UP & READY TO GO.

    CHANGE WE CAN BELIEVE IN & CHANGE WE CAN TRUST

    YES WE CAN & YES WE WILL

    July 17, 2008 09:42 am at 9:42 am |
  4. Cliff

    Editors: Your headline reads "Ticker: Obama rakes in $52 in June," and yet the article mentions something closer to $52 MILLION. Which is it?

    Do you read this stuff before posting it?

    July 17, 2008 09:42 am at 9:42 am |
  5. McSame

    Why McCain does not save him self time and money and concede, this is not a republican year for sure, we had enough B.S.

    July 17, 2008 09:42 am at 9:42 am |
  6. Too Obvious

    J.S. you ask "what a "real CHANGE" they could make in the lives of so many Americans"

    If we don't donate to Obama's campaign and get him into the White House all this "banks failing, floods destroying property, fire fighters fighting to extreme exhaustion in California" is gonna continue and even get worst with a 3rd McBush term. By me donating to Obama, i'm investing in my country's future. Come to think of it, i sending another check to Obama right now.

    OBAMA 08 & 12!!!

    July 17, 2008 09:43 am at 9:43 am |
  7. Pete

    The total for McCain does not include all the other attack groups monies that are already being spent to attack Obama. The Obama campaign and DNC still really need our help. Faithful monthly contributions of an affordable amount you can give is needed. That is what I am doing. I can give up some of my frivolous spending and not doing fast food a couple of days a month is also a lot healthier for me.

    July 17, 2008 09:43 am at 9:43 am |
  8. Kentucky Obama Supporter

    I'm donating 25.00 a month as long as needed! Go OBAMA

    July 17, 2008 09:44 am at 9:44 am |
  9. Donna

    And 'they" say we can't afford a gov't healthcare plan???? hmmm...but candidates can rake in millions per month....If we can afford this just for elections, we can afford a federal healthcare plan for everybody.

    July 17, 2008 09:44 am at 9:44 am |
  10. Bob Hussein Akmad Jones

    WHAT DOES BARACK THE VOTE MEAN? IS THAT SUPPOSE TO BE CLEVER LIKE ROCK THE VOTE........REALLY REACHING

    July 17, 2008 09:44 am at 9:44 am |
  11. PG

    Here is my monthly $25.00 to get you into the "People's White House."

    LATINO'S FOR OBAMA!

    July 17, 2008 09:44 am at 9:44 am |
  12. Nikki

    J.S., your comment that "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..." is one of the most nonsensical anti-Obama rants that I've read. How can everyday Americans that contribute to Obama's campaign remotely overturn the failing banks and acts of God? Please enlighten me.

    July 17, 2008 09:44 am at 9:44 am |
  13. Scott Hughes in Atlanta

    LOL..."Joanne" is stupid. Hillary is gone and thank goodness... Barack doesn't need her or her PUMA followers. Please go some where...

    Obama08

    July 17, 2008 09:45 am at 9:45 am |
  14. Monica

    Good for him. But I am curious, what did Hillary make to pay her debt?

    July 17, 2008 09:45 am at 9:45 am |
  15. janis

    Doesn't anyone question why Obama opted out of using public financing for his campaign after saying numerous times that he would accept public financing. Before he started getting so much money he even signed a document stating he believed both candidates should campaign with public financing so they would have the same amount of money. Obama doesn't play fair even after he stressed how politics should change. By turning down public financing he can raise as much money as he can get without limits. If he had accepted the public financing he would have the same limit on money as McCain. Both candidates should be forced to accept public financing so the playing field would be fair and the campaign would not be won by whoever has the most money. Obama preaches change, but is practicing the same old political games. I have never voted republican, but this time I just might. Great speeches and charisma doesn't fool me.

    July 17, 2008 09:45 am at 9:45 am |
  16. 20 ready to vote!

    Maybe if McCain wasn't so worried about what comes out of Obama's mouth he could raise just as much, or close to the money Obama's camp has.

    McCain waits for Obama to speak then he attacks. The only time someone really hears what he has to say is after Obama has voiced his stand on the topic.

    Get your priorities straight Mr. McCain.

    Till then, Obama will be the front-runner!

    July 17, 2008 09:45 am at 9:45 am |
  17. Brian

    "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."

    Tell that to people donating to the RNC and McCain. Or is that ok? What about McCain using TAX MONEY for his campaign. What about the money going to rebuild Iraq? We should use ALL that money, which is OURS to build our OWN country! That is why people are donating to Obama so we can reclaim OUR tax money and stop handing it over to the Iraqi's and Haliburton!

    July 17, 2008 09:46 am at 9:46 am |
  18. Jerry, Florida

    With all the millions of dollars he’s literally raking in, no wonder Senator Obama can afford to open campaign offices all over. He just opened one in the Tampa, Florida area. A state which he has said repeatedly he doesn’t need to win the November election. I guess the allure of the "big bucks" that Florida can generate caused him to "flip-flop", once again. Is this "Change" we can really believe in?

    He has never supported Florida, and yet his supporters believe they will just be able to "steam roll" through the state. I got news for you. Not so fast!

    Has anyone (media organizations, etc.) bothered to find out where the bulk of the funding is coming from? Are Senator Obama and his supporters “buying” the election?

    Stay tuned...

    July 17, 2008 09:46 am at 9:46 am |
  19. Leroy

    "Obama has opted out of using public financing for his campaign" after promising that he wouldn't. Yet, another broken promise.

    NoBama. Keep the Change.

    July 17, 2008 09:47 am at 9:47 am |
  20. Monica

    I find it interesting that they never say what McCain's average donation is.

    July 17, 2008 09:47 am at 9:47 am |
  21. Joe PA

    Sweet I just donated $25.00 the other day. OBAMA '08 & '12

    July 17, 2008 09:47 am at 9:47 am |
  22. Steve - Minneapolis

    J.S. I agree with you. However, in order to turn this country's attention to the issues you identify, we need to elect a leader who can make that change happen. Consider thes contributions to his campaign to be priming the pump. We need Obama in the White House to get this country's priorities back in line. And we need him in the White House to continue inspiring the populous to begin working together again to make this country strong.

    Another $25 from me also.

    July 17, 2008 09:47 am at 9:47 am |
  23. Jamaican

    Yea...get that money obama, i need substance

    July 17, 2008 09:47 am at 9:47 am |
  24. Von Bismark Vienna

    The financial underdog has suddenly become the superdog.

    July 17, 2008 09:48 am at 9:48 am |
  25. Substance not Rhetoric

    Average donation Obama $68 from the american people; McCain $70,000 per lobbyist sponsored donors. Who do you want to buy your government the american people or corporate and lobbyist whose greed has gotten us into the state we are in now.

    It is amazing to me how folks refuse to acknowledge the conditions of the country since being under republican control. How they can totally ignore how the administration has allowed corporate greed and Oil industry to ravage our natioin. Through deregulation and false wars. And listen to Bush and McCain and the republicans deny there was even a problem until it became unbearable. Then had the audicity to blame it on a recently installed dem congress.

    Ok the surge worked but does that mean we forget the fact we shouldn't have went in the first place. Ok sure dems should let off shore drilling but does that means we overlooked how bush and cheney sold us out to his oil cronies.

    America be real please. Stop letting the republicans tell you they are for you. They are for business and they expect booming business to take care of the american economy by creating more jobs and lesson prices of products. Well repugs business is booming however corporate greed is creating the jobs in other nations and not so concerned about selling america products here when the can sell them to 4 billion chinese

    July 17, 2008 09:48 am at 9:48 am |
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