September 14th, 2008
10:30 AM ET
10 years ago

Obama campaign confirms they raised $66 million in August

Obama set a new fundraising record in August.

Obama set a new fundraising record in August.

(CNN) - Democratic presidential candidate Barack Obama's campaign raised $66 million in August, the campaign announced Sunday, topping its previous high mark and running well ahead of Obama's Republican rival.

The Obama campaign said more than half a million new donors contributed during the month, when the Illinois senator accepted the Democratic presidential nomination and named Sen. Joseph Biden of Delaware as his running mate. The campaign had more than $77 million cash on hand at the end of August, compared with about $66 million in July.

Obama's previous monthly donation record of $55 million came in February, during his primary battle with New York senator and former first lady Hillary Clinton.

Earlier this month, the campaign of GOP presidential nominee John McCain reported raising $47 million in August. That haul also set a monthly record for the Arizona senator, whose campaign says it received a financial shot in the arm after McCain picked Alaska Gov. Sarah Palin to join the ticket.

McCain has accepted federal matching funds for his general election campaign, giving him $84 million to spend for November. The money comes with strict spending limits, but the Republican National Committee's Victory fund can continue to raise and spend money on his behalf.

Obama has rejected public financing, calling the system "broken" - a decision that frees him to continue raising money for November.

Filed under: Candidate Barack Obama
soundoff (1,007 Responses)
  1. kyra

    Obama/Biden 08

    September 14, 2008 09:39 am at 9:39 am |
  2. seektruth

    The power of America people to elect the leader of people not special interests and lobbyists

    September 14, 2008 09:39 am at 9:39 am |
  3. Steve

    I wonder what better uses this money could be spent on than to help 'O' get elected? If so many had this kind of money to burn, the economy must not be too bad. I guess there wasn't a charity that could have used this money. Spending it on a lawyer and his lawyer wife was a better choice. Dems pay their messiah and expect everyone else to pay the "needy".

    September 14, 2008 09:39 am at 9:39 am |
  4. BK

    You can't buy an election.

    September 14, 2008 09:39 am at 9:39 am |
  5. GOP for obama

    Good more money to refute the sleaziest republican campaign in modern history, and that was before that lying pic was nominated....

    September 14, 2008 09:40 am at 9:40 am |
  6. CM

    The difference is that Obama doesn't take corporate, PAC or lobbyist contributions. The strength of his campaign is on the sheer number of small donors who are all working towards his becoming POTUS.

    This battle will be won on the the ground and the Dems started two years ago with their registration drives. If the GOP finally decides to talk the issues and not shield their candidates from the press and public then it'll be a wash for the Dems.

    GOP supporters, you know your guys hardly even take questions anymore right? And they go off flash cards in their town hall meetings? Don't complain that the media is too hard or unfair, look at the jobs they are running for. Its all fair game.

    September 14, 2008 09:40 am at 9:40 am |
  7. Cathy in MD

    Hey! I'm invested!

    September 14, 2008 09:40 am at 9:40 am |
  8. GOP for obama

    Good more money to refute the sleaziest republican campaign in modern history, and that was before that lying pig was nominated….

    September 14, 2008 09:40 am at 9:40 am |
  9. MarioB. from Berlin FOR OBAMA

    Nice nice nice. I'm sure Obama will use that money to blast McCain and Sarah Palin.
    Well no, Palin will blast her self out of the race. I mean come on, a woman that used her power as gouvernor for power abuse, private revenge and vengeance...

    Obama+Biden 08 in a landslide

    September 14, 2008 09:41 am at 9:41 am |
  10. Tim Mullen

    Given that McCain can no longer raise funds, and the Obama campaign can keep going back to their more enthusiastic supporters, this gives Obama a game-winning advantage.

    September 14, 2008 09:43 am at 9:43 am |
  11. Surprise! (Ann Arbor, MI)

    The repubs don't know what is going to hit them come Nov.4
    There is going to be a swarm of Obama/Biden volunteers dominating the public to get out the vote. I personally will go to the crack houses if I have to register voters before the Michigan deadline.

    September 14, 2008 09:43 am at 9:43 am |
  12. NomoreMcsame

    Yes we can and we will!!!!

    September 14, 2008 09:44 am at 9:44 am |
  13. S Brown, Atlanta Ga

    I can't vote this year in any elections. I am a green card holder. However, I will be donating to the Obama/Biden campaign. I live have lived here and paid taxes since the Dec 2000 and I agree with Hillary... NO McCain!!!!

    September 14, 2008 09:45 am at 9:45 am |
  14. Obama 08

    There will be more to come!! 🙂

    September 14, 2008 09:45 am at 9:45 am |
  15. Eva, VA

    Thanks to Ms. Palin. I'm terrified. Just the thought of her in power sends me running to donate for Obama. On my way now...

    Obama/Biden 08

    September 14, 2008 09:47 am at 9:47 am |
  16. Annette, Washington, DC

    The demos, indepens, and some repubs cross overs are fired up! For all of the hoopla about McCain VP choice, this has fired up the demos base even more. Watch out, the fight ain't over until the fat lady sings.

    September 14, 2008 09:47 am at 9:47 am |
  17. Deborah from North Carolina

    Good for Obama! I hope this is an indication of the real race - not the race the media is trying to portray. The difference in money raised is telling – but also important is who is giving the money! I am sure McCain is relying heavily on big donors, rich fat cats, PACs, and all the political cronies who have so much to lose if Obama wins.

    September 14, 2008 09:48 am at 9:48 am |
  18. brian

    Proof that there are too many Obama supporters out there for his campaign to ever run out of resources. And proof there is still a huge enthusiasm gap, even with caribou barbie on the ticket.

    September 14, 2008 09:49 am at 9:49 am |
  19. Phil

    Count my $25 as part of the $66 million!!!!

    I only have ONE house, live paycheck TO paycheck, and about to get LAID OFF in October but as long as McCain keeps spewing LIES I will give all I can!!!!

    Senator McCain should be ashamed of himself!!!!

    I believe in Country First and Real Change and will not stand idle to see this country continue down the wrong path for another four years!!!!


    September 14, 2008 09:50 am at 9:50 am |
  20. William, from Cali!

    "BIG MONEY"!...................I guess the "Deed on the White House" won't be in foreclosure anytime soon?

    September 14, 2008 09:50 am at 9:50 am |
  21. Craig

    Good. I sent another Fifty Dollars yesterday.Come on people this is critical. We truly cannot afford McBush / Palenny with what will be nothing but more terrble Bush policy for four more years.

    September 14, 2008 09:51 am at 9:51 am |
  22. Moon over your 'bammy

    Wasting money to win an election used to be viewed as a BAD thing- until Obama became the master fundraiser- now it has morphed into something to brag about and to aim for.

    Now our politics have become third world- only the moneyed people get to be in the game.

    We talk about the financial hardship of Americans- apparently There is not so much hardship if people are willing to throw their money away on a political campaign.

    So maybe the republicans are right? A lot of our "hardship" is a psychological perception and things are NOT really as bad as we are conditioned to believe.

    September 14, 2008 09:52 am at 9:52 am |
  23. Ted:Canada

    Obama come to Canada to fund raise.

    FAILURE EVER !!!!!

    While most Americans don’t know Canada has their federal election in Oct.

    EVERY political part upo here is referencing the US in their TV and Media ads.

    In short using it a political example!

    The party in office now has ads showing “how they were able to act and show how the American government failed to act and the consequences. – sighting Republicans as a “failed government”.

    The opposition parties point to the US government over the last eight years of what will happen if the current government is not replaced.

    Everybody is using the US government of an example failure – likely world wide.

    In Canada the democrats are seen as the only viable option – Obama you will likely get financial support if you visit Canada – McCain staff have already be up here – only 50 people showed up…to their fund raiser.

    September 14, 2008 09:52 am at 9:52 am |
  24. annie - former democrat

    And where did those bundled funds come from – come on biased news media investigage the source of bo's campaign funds!!!

    September 14, 2008 09:55 am at 9:55 am |
  25. Jan From Boca Raton, Fl



    September 14, 2008 09:56 am at 9:56 am |
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