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. McWhine

    To Repugs:

    You always say Obama/Bidden's supporters are buying this election. Guess what? GOP has been sold long time ago to big oils, big pharmas, & big banks. You Grand OIL Party.

    September 14, 2008 11:03 am at 11:03 am |
  2. D R

    I am horrified that Palin could be running our country. Talking war with Russia from her first interview should open the eyes of every American. Obama went to Europe and received hundreds and thousands of waving American flags, they are glad to see a face lift coming for America. Palin and (what was his name), the old guy that admits he knows little about or economy. Will start world war three! I see some idiots in an interview that called themselves "good ole southern boys" saying they would never vote for a black man. That my friends, coupled with the Palin and what's his name, is a very scary future!

    September 14, 2008 11:03 am at 11:03 am |
  3. Dean

    I fear that people don't realize what a watershed election this really is. This is evil empire stuff people. These Atwater/Rove disciples will do whatever it takes to seize and hold power and everybody knows it. They lie to the American people, they distort half-truths into 'facts', and most of all are so self-deluded that they actually believe electing McCain is going to positively impact their lives. The majority of McCain supporters are going to be worse off in a McCain administration – that's the irony. The time really is now. If you've ever had an inkling to be politically active, you need to act on that inclination now, today.

    Knock on doors, make phone calls. The American people, whether they know it or not, can't take this unprecedented transfer of economic wealth. These morons will take take take and they won't stop till they've completely sold us out for the highest price they can get.

    If McCain wins, we will get what we deserve because of our collective unwillingness to face facts and realize that our individual fate hinges on our collective response to the unprecendented foriegn policy and economic policy issues that we now face.

    Get up, stand up!

    September 14, 2008 11:03 am at 11:03 am |
  4. Billion

    Obama is the truth. Americans are FINALLY starting to realize.... "why the hell did we vote in bush a second time??"

    Time for change is here, im glad bush came back, otherwise Obama wouldnt be running now

    September 14, 2008 11:03 am at 11:03 am |
  5. Les-Wa

    McCain did NOT lie, Sex Education of NObama includes children in kindergartner, teach kids how to use condom. What kind of judgement NObama have? Does he teach his youngest daughter how to use condom?

    September 14, 2008 11:04 am at 11:04 am |
  6. Copperfield

    Millions of people who are already stretching their checkbooks thanks to the policies of Bush and McCain are refusing to be silenced. Truly inspirational...

    September 14, 2008 11:04 am at 11:04 am |
  7. Stacy Clarks, TX

    You know, everyone keeps saying Palin should stop with the lies, but really, let her keep running her big mouth, coz it keeps bringing in money for OBAMA



    September 14, 2008 11:04 am at 11:04 am |
  8. Frank (Ohio)

    Its great seeing that Obama is getting the support from a lot of Americans. And people are putting their money where their mouths are. However , donations alone cannot win this election.

    I like the aggressiveness your showing of late Barack. Keep up the strong fight and don't play patsy. Your the better man, that's obvious ...keep showing us why.

    September 14, 2008 11:04 am at 11:04 am |
  9. Billy

    McCain has basically admitted that his ads are run on lies and they "don't care how the media filters it." McCain is counting on people not caring that they are being lied to.

    We HAVE to stand up to the politics of distortion, exaggeration and out right lies! The media has given up it's role of the public's advocate.

    If WE don't demand honesty from our representatives, who will?

    September 14, 2008 11:04 am at 11:04 am |
  10. AMY

    @House Divided...

    It sure doesn't seem like the "house" is divided as you & other would like!!!!!

    Obama is just as qualified as anyone in this race!!!

    September 14, 2008 11:04 am at 11:04 am |
  11. bryen

    Just a reminder: Additional funds doesn't equate winning votes. That was proven when Obama outspent Clinton in Pennsylvania and yet she won that state.

    I am ashamed that the Party of the People, the Democratic Party that is, is turning the presidential election campaign into one of the costliest ever and making running for president for future generations unaffordable. Declining public funding for the campaign in favor of raising costs for running for public office.

    I remember when we Democrats watched in horror when Huffington made, at the time, the costliest Senate race in history in California by throwing millions of his own dollars into the campaign. Luckily, we said, no way! Running for public office must remain in the hands and affordable for everyone in America. We voted Diane Feinstein into office in a clear message to the Republicans. We would not abide by needless huge amounts of money going into campaignings.

    Now, fast forward to 2008, and the younger generation of Democrats is cheering Obama taking a page from Huffington (who lost.) What has happened to our beloved Democratic Party???

    September 14, 2008 11:04 am at 11:04 am |
  12. Scoti

    The amount of money raised by Obama is amazing, to say the least. I think McCain's latest ads especially the sex education of small children by Obama, will only fuel the donations for the month of September. If Obama has $77 million right now on hand, how is McCain going to be able to keep up with his $84 million total until the election?
    I believe Obama's plan is to bankrupt McCain so by the final week, he will blanket the airwaves, print media, etc., and McCain will be defenseless and broke.

    September 14, 2008 11:05 am at 11:05 am |
  13. McWhine

    TO the house divided:

    you are the one that divide the house.

    September 14, 2008 11:05 am at 11:05 am |
  14. Fred From Orlando

    I'm one of these 500,000 and I will continue to support Obama because I believe that he represents the change we need at this very moment......

    Obama 08

    September 14, 2008 11:05 am at 11:05 am |
  15. Bill

    The Obamies are trying their best to buy votes. Can't wait to see how it works out when the real vote is cast. Maybe they're not spending all those millions wisely. Does that carry over to when/if they get their hands on our taxes?

    September 14, 2008 11:06 am at 11:06 am |
  16. AZ Rural Democrat

    Donating your money now is good...because you'll have to give it up later if your candidate gets elected. As a Democrat who grew up in Chicago, but now lives 2 miles off pavement and 10 miles from a latte' , Obama's message, though profoundly delivered does NOT speak to me.

    I work hard. My spouse works hard. My family is a good steward of the acreage that we own. We don't drill for oil in our yard. We keep our vehicles maintained for efficiency (BUT you CAN'T haul hay in a Prius!)We are active in our community, and contribute to local charities. BUT, we pay taxes like crazy, see our neighbors food bills and energy bills soar, and yet they try to remain self-reliant.

    What's WRONG about that, for goodness sake? Correct me if I'm "off the track" here, but HOW will we as a society PAY for the things that Obama wants to do all at once? Via re-distribtution of wealth? "Oh no, not that!" you might respond. "That's not what is intended." Well then, what is? Can a fellow Democrat answer that for me? My size 7 1/4 Resistol will only hold so much nonsense before its full, and I'd rather just wear it.

    September 14, 2008 11:06 am at 11:06 am |
  17. Del

    It is so obvious that Senator Obama is the better Presidential candidate. How is it that the Polls show McCain ahead. We can not afford another 4-years of the same. Fool me once, shame on you, Fool me twice shame on me; but if there is a third republican term...Shame on America!

    September 14, 2008 11:06 am at 11:06 am |
  18. Scott Tucson

    PS do you know that Obama and Biden have voted NO to make English America's official langauge? Bet theres a lot of you folks out there who don't know about these two and you want to put them in the WH? Better do your research now than when it's too late.

    September 14, 2008 11:06 am at 11:06 am |
  19. Foreigner watching

    Americans = idiots ; it should be a shoe in for the dems to take power BUT i still don't understand why people would vote repulican after the way the coutry have been run

    September 14, 2008 11:06 am at 11:06 am |
  20. Jan

    I am one of those new donors, and the more that I hear the lying McSame and Palin talk, the more that I want to give more to take our country back from these liars. McCain sold his soul to the devil to try and win, and Palin has no soul and is like GW Bush in drag. We don't need them, we don't want them, and this former Hillary supporter might even give more money before this thing is over, even though things are tight with fuel and food prices, we have to take our country back, before it is past the point of no return!! Obama Biden 08'

    September 14, 2008 11:07 am at 11:07 am |
  21. Anonymous in Ohio

    I wonder how much of this was just from the $12 million they got right after Palin's speech.

    September 14, 2008 11:08 am at 11:08 am |
  22. Avinash Dixit

    What is the use of raising all this money when they are using it so ineffectively? They are letting themselves get swiftboated. Their retaliations are weak and slow, and don't get noticed. Get tough, guys!

    September 14, 2008 11:08 am at 11:08 am |
  23. Ancient Texan

    The big money people that fund Move and the far left fanatics that just can't wait for a Socialist States Of America, are determined to buy this election.

    September 14, 2008 11:08 am at 11:08 am |
  24. mitchell

    if you want to know who wins presidential elections just see who raises more money. when someone sends $ to a certain campaign, their votes are secure. i think of it as an investment, that i must always defend to ever see a return. i hope my return will be a president who can unite this country on enough issues to make headway on our more pressing problems.

    September 14, 2008 11:08 am at 11:08 am |
  25. Independent for ??????

    Right !!!!
    Keep on donating people so Obama can waste it in his campaign. Hope those donators are rich that way they have something left to support their families. It's doesn't depend on how much money they raised its how much experience they have. You can tell by listening to them in the debate, interview and when they campaigning.

    September 14, 2008 11:08 am at 11:08 am |
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