(CNN) - The Republican National Committee reported Friday it raised $26 million in July, a fundraising haul that nearly matches John McCain's campaign during the same timeframe, and had approximately $75 million cash on hand.
The RNC and the McCain campaign combined began the month of August with $96 million cash on hand, a total that may keep pace with Barack Obama and the relatively cash-strapped Democratic National Committee.
Earlier Friday, the McCain campaign announced it had raised $27 million in July, the presumptive Republican nominee’s largest one-month fundraising total to date. The campaign also said it had $21 million cash on hand, all of which must be spent before the party's convention in early September because of McCain's choice to accept federal campaign dollars. The Republican Party is free to spend its money through Election Day.
The RNC also announced Friday it had surpassed one million individual donors this election cycle, while the McCain campaign said 600,000 individuals had donated to the Arizona senator. Earlier this week, the Obama campaign announced it had passed the two million donor mark.
Barack Obama's campaign and the Democratic National Committee have yet to announce their fundraising hauls for the month of July. For June, the Illinois senator's campaign reported raising $52 million with more than $72 million cash on hand. The DNC raised $22 million during that time period, all of which was available to spend.
Anytime you have a major corporation like Walmart trying to scare and semi threaten their employees into voting for a particular candidate I voting for the opposite one.
Oh great! More money to lauched 3rd grade level smear tactics again! It's going to be McVader of the evil empire strikes again!
I'm slightly confused... the title on the CNN homepage has this named as "Obama plan called 'economic disaster'"... what does this article have to do with Obama's economic plan... furthermore if the title is referencing Obama's fundraising campaign it is miss titled because Obama has matched and out fundraised McCain consistently.. Sounds like a success not a disaster!!!
CNN, why don't you change your front page headline from the misleading 'Obama plan called economic disaster' to reflect one of the more recent ticker headlines?
It really shows where your priorities are...
Doris Hook August 15th, 2008 1:56 pm ET
what is wrong with this country? Millions of dollars spend on elections with this country in the mess it is in. I personally do not want to vote for neither one. why don't they take all this money they have raised and help out the ones who have lost job cannot buy meds and food on there table. just a question?
Doris Hook, pls do your homework before talking all this nonesense !
The money that is being raised in a campaign IS NOT the candidate's belonging !
Obama nor McCain can decide to give it away or do anything with it except of what it is raised for. In both case, the money belongs to the PARTY , not the candidate !That s excatly the reason why Obama is asked to help with hillary's debt.
And the party cant decide to do anything with it except for what it was raised for ! After the election, what is left goes to the party...in Obama's case, what is left will probably pay Hillary's bill.
> Only the stupid will vote for Obama!
I guess you must be looking forward to mowing the lawns and
cleaning the toilets for the Chinese when they will own this country after
4 years of McCain.
I like how Democrats think that money amount and number of donors equals more support and more votes. Since most of the investment banks and private equity firms are behind Obama - yeah, he's a REAL champion for the little guys - it shouldn't be much of a surprise. But hey, at least the RNC isn't bankrupt like that disenfranchising DNC.
You know what most Republicans do? Keep their money to themselves, go about their lives, and then in November just vote Republican anyway.
Joe at 2:35,
All the money in the world couldn't buy McCain, The RNC, or the GOP, as a whole, a clue. OBAMA '08! GOP NEVER AGAIN!
JD – August 15th, 2008 1:31 pm ET: "McCain still doesn't have a chance, especially after denouncing Russia for attacking Georgia.
"In the 21st century, countries don't invade each other."
Really, Johnny? What about that time you voted to invade Iraq?
OBAMA 08 FOR AMERICA'S FUTURE."
*LOL* I love when idiots get their news from the Daily Show and think they know what they're talking about all of the sudden. Yeah, I watched last night's episode too, pal.
fred says:"you know what I realized. People blame Bush for higher gas prices, yet every other European country has gas prices that rose faster than ours did. Now, can any of you democrats who blame Bush explain that one?"
Actually, the gas in Europe is alot cheaper than ours, but they have higher fuel taxes.
I will say this– it is telling for those who look at those numbers. The money for John McCain's ads are coming at a 50% or more rate from the RNC. By contrast, the DNC has almost no money of it's own and is relying upon Barrack Obama to raise the vast majority of his own money. There is an inherent difference here and I think that's worth looking at.
Sure, people will blame the "messiah" complex. And that's all well and good if you're not interested in having a meaningful, intelligent debate on the matter. But the fact remains that Obama is engaing people directly. They want to support HIM, not just the DNC.
On the Republican side of the house, however, McCain is relying greatly upon money from his party to compete with Obama. Does this represent a schism in the party whereby donors don't want to support the candidate directly, but feel compeled to still constribute to the cause?
I think a report on the breakdown of donations would be an interesting read. Who it's coming from, where it's going and why people are donating.
ObamaLied.com August 15th, 2008 1:49 pm ET
Not sure why so many people hype up Obama's financial campaign…..RNC can keep up…..the silent majority will crush Obama in November. Democrats will regret not posting Hillary and they will struggle to find a true leader in 2012. Someone who has the experience to take on the Republican machine. Obama is going to get crushed…
You're a joke, fool. The RNC with all their lobbyists cannot match Obama's fundraising power and you will see this when the Obama campaign posts their fundraising proceeds for this month. I will laugh at your stupidity as your bottom jaw hits the floor. Hillary is DEAD to us in political circles and if you are too bitter to accept the loss, the pain and suffering is yours to endure. Obama will CRUSH McStain.
ooh good, more money for mcsenile to manufacture lies abotut Sen Obama. where did the money come from?
Cnn try being investigative reporters and not just a parrot for the mccain campaign. the real army and navy mom
So, Obama's not doing as well as he should in terms of fundraising, either. Not surprising. And it wouldn't matter even if he were raising so much more.
Considering how much Obama outspent Hillary in states like Texas, Ohio and Pennsylvania – only to lose the primaries in all three -, and then blew off states like Kentucky and West Virginia in order to avoid having to face the public humiliation of similar defeats, I'd say that Obama has nothing to look forward to in November except an electoral humiliation of historic proportions.
I'd wonder if his ego will be able to take it, but I really don't care.
Our party leaders have totally failed us all.
Obama is running scared. What if there is a big turn around and Senator Clinton. gets the nomination. There is a God, you know. Even He doesnt want Obbama to win.
What percentage came from BIG OIL? He is taking $84 million dollars from the government to help his campaign. Since he is so popular, why is he taking the public fund? I guess his millions and social security is not enough.
McCain sold his sole when he get to be president he is going to sell every American sole.
why get so personal with each other? you defend someone so fiercly yet we know nothing about these folks except foolish trivial soundbites. And history has shown that rarely are any of these folks exceptions to the "same old politics".
OBOMAS MONEY NEEDS TO BE CHECKED OUT...
IF YOU CAN TELL HOW MUCH THE MILLITARY GAVE HIM YOU GAN TELL HOW MUCH IS COMING FROM OVER SEAS COUNTRYS...
LIKE KENY AND ALL THE MUSLIN STATES.
SO DO IT...
I KNOW HE IS YOUR BOY BUT YOU ARE QUICK TO TELL US HOW MUCH THE OIL COMPANYS GIVE MCCAIN....
SO TELL US HOW MUCH ILL GOT DONATIONS OBOMA GETS.
FAIR IS FAIR....
WHAT ARE YOU AT OBOMA HEAD QUATERS HIDING???????
I watched one of Obama's interviews....a 7-yr old ask him a question and he could not answer without using vocal filters.....this guy suck...I don't see how people will follow a lame duck like obama.....this guy has not been asked any tough question.....can't wait to see the debate...
Seriously, do any of the people here who support Obama even know how he voted on any issue, it's so sad to see your pathetic posts, your horrible spelling, and your hate filled name calling. For the first time in my life, I hope a Republican wins, and it's because of the hate filled, racist Obama supporters constantly whining about everything. I think I will donate to Mr McCain, that way he can break even more records, and hopefully defeat the empty suit running against him, that can only speak when reading a teleprompter. Seriously, Obama supporters, you are always bragging about how educated you are, for god sake use spell check before you post.
Carl from MI – August 15th, 2008 1:37 pm ET: "This isn't an opinion… just count all the scandals in the news over the past 8 years. Let the facts speak out!! Even McCain has the Keating 5 and his infidelity. Remember that??"
*LOL* Yeah I remember that. When McCain basically looked at a woman recently and the media tried to paint it as infidelity. 'Course there was no paint to paint with so it went nowhere. I love when liberals bring up infidelity when you don't have any ground to stand on. Bill Clinton anyone?
I also love when liberals bring up Keating 5. Remember that? Yeah, I remember that! When three scumbag DemocRATS got bagged for interfering with an investigation and McCain was roped in because the DemocRATS didn't want only DemocRATS being investigated.
Today's Gallup Poll has it McCain and Obama tied at 44%.