(CNN) - Sens. John McCain and Barack Obama and the major political parties supporting their presidential bids together have amassed massive campaign warchests totaling almost $200 million, according to campaign finance documents filed this week with the Federal Election Commission.
McCain and the Republicans held a combined cash advantage over Obama and the Democrats, with $105.2 million in the bank as of June 30 compared to $92.1 million.
These figures take into account the available cash totals for the McCain and Obama campaigns, the Republican National Committee, the Democratic National Committee, as well a number of so-called "joint fundraising committees" established by the campaigns in conjunction with the national parties, and in some cases, with various state parties.
When comparing just the two presidential campaigns, Obama still maintains a sizable fundraising and cash lead over McCain. In the month of June, the Obama campaign raised $50.5 million in contributions compared to $16.4 million for the McCain campaign. The Illinois senator ended the month with a hefty $71.7 million in the bank, of which roughly $12 million is set aside for the general election and may not be spent prior to next month's Democratic National Convention. McCain reported a cash total of $26.8 million at the end of June, all of which is available to spend prior to the Republican National Convention in September.
Although his campaign committee trails Obama's in both fundraising and available cash, McCain is greatly aided by the financial strength of the Republican party’s fundraising apparatus. The RNC by itself reported a warchest of $68.7 million, compared to $4.5 million for the DNC.
In addition, McCain and the RNC have created six joint fundraising committees which together reported a total of $9.7 million in cash available to spend on behalf of the Arizona senator's candidacy.
On the Democratic side, Obama and the DNC have two joint fundraising committees with a total of $15.9 million in the bank. A third committee was created earlier this month and did not file a June campaign finance report.
McCain, who has said he would accept public funding for the general election, is also slated to receive approximately $84.1 million in early September to finance his general election campaign. Obama, who already has broken campaign fundraising records, says he will opt out of the public funding program and will finance his general election campaign using private contributions.
No matter how much $$ Obama raises after he lied about public financing, he is going to get crushed in the general election. He doesn't care because he will make millions writing books and going on talk shows and giving speeches. He is set for life now, and I would be willing to bet he doesn't even care about the presidency anymore.
I support Obama all the way. I am going to donate another $100.00 dollars today!!! Who will join me?
So McCain gets the 84 million AND the 105 million from the RNC. I thought he could only use the 84 million. Obama gets to use whatever he gets from fundraising, and will not take the 84 million, but only gets 4 million from the Democrats.
I have read in several places that the RNC sacrificed all of their smaller campaigns for the senate, etc. to give all their money to McCain. Talk about betting on the losing horse. They knew they were going to lose senate seats, so bet it all on the big one.
Obama is free to fund raise all that he can. Well, its time to get out my card and give him another donation.
We sill not be outspent this time like we were in past years. Thanks in large part to that scary machine that McCain has yet to learn, the computer!!! Thank you Mr. Gore for creating the internet..hehe
Every kid in college and every elderly person and every one with access to the internet can donate $5, $10 and $15 and take our county back. It's a beautiful thing.
Way to beat the Rebublicans at their own game. This is great! Let's face it, being the best candidate for the job alone does not get one into the White House. This society is based on capital and having the most capital certainly does give one more options.
can some one please explain to me how if the public finance system Mccain called Obama a flip flopper for backing out of, if it were not flawed the way Obama said it was, how can McCain raise so much money....loop hole, flawed system or what? now i guess McCain is trying to BUY votes?
Obama opted out of public funding because he knew the riches were flowing his way. He thinks he can buy the red states, the Latinos, the Blacks, the Jews, the Whites – how opportunistic can you be? Americans should be disgusted as they pay inflated gas and grocery prices. How can you brag about money while the country you supossedly want to serve is suffering? Mr. Obama, is first and foremost a politician – not a rock star.
"with $105.2 million in the bank as of June 30 compared to $92.1 million."
yeah, but when you take out the crooked repugs' ill-gotten gains, their $12.58 aint so impressive, is it?!?
"The RNC by itself reported a warchest of $68.7 million, compared to $4.5 million for the DNC."
easy to do when you are THIEVES!!!
So who is buying America now ??? Looks like the Republicans are
Time to do a little donation to Obama
BTW. how are our friend Ron Paul doing ??
I will, and will continue to do so until he is elected! OBAMA 08!
Your "warchest" is about to be empty, your party will no longer tolerate your gaffs.
BARACK THE VOTE !!!
If people contributed to charities, homeless shelters, Food Banks, etc, the way they contribute to Presidential campaigns, the changes in our nation would be substantial.
All this money for a job that pays $400,000. I think the American people are the ones the jokes on. No wonder why this country is in BIG trouble. It time for people to wake up before its too late.
Boy, McCain has the money to make more of his lame, inaccurate attack ads.
This campaign is too long and the media revenues are too vested in keeping it controversial and to appear close.
Please, ALL you neo-idiots, send as much cash as you can to the [R]s. And then send some more. I rejoice at the thought of you throwing even more of your money away. Do you realize how much of your net worth was sucked away by Bush admin. policies over the last 7 years? I love how these [R]s run around thankful for a hundred dollar tax break, while the economy tanked around them, tye buying power of that $100 all but disappeared, and the debt that their children and grandchildren owes skyrocketed. But that's OK, when the debt comes due, the neo-nuggets of that day will just blame the situation on all your 'whining', 'lazy' children and grandchildren. I love it when animals with brains the size of a pea feast on their own.
Time to give McCain another million.
THE BIG DIFFERENCE HERE IS THAT
OBAMA GETS HIS CASH FROM US.
MCBUSH GETS HIS FROM THE BUSH-CHANEY LOBBYISTS.
Scott L...Obama will not only make more money by HIMSELF and WIN and his books after his 8 years in office will be highly sought after.
So get used to saying President Obama.
Obama '08 & '12
This group of women is writing Obama another weekly check.
Let the GOP spend up all its money defending McCain in a general election meanwhile the other congressional races will favor going to the Democrats while McCain still loses on Nov. 4th!
Hundreds of millions of dollars for a job that only pays a few hundred thousand dollars a year.
with 527 groups hiding under the radar for McCain, Obama needs to raise more cash.
and you can approve this message
THERE IS SLIGHT DIFFERENCE HERE.
WE FUND OBAMA'S CAMPAIGN & HE WILL WORK FOR US.
MCSAME IS FUNDED BY PACS & LOBBYISTS &
HE WILL WORK FOR THEM.
"If people contributed to charities, homeless shelters, Food Banks, etc, the way they contribute to Presidential campaigns, the changes in our nation would be substantial."
I'm glad I'm not the only one who thinks the amount of money spent to buy the US Presidency is OBSCENE.
I read a report several days ago that Obama is receiving donations from places like Kenya and Nigeria and Nicaragua just to name a few that was on his out of country list. and his web site. I didn't think that was legal. Sure wish I could find out how to really check this out and get it on line.
McCain had non.