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. Enlightened Voter

    Isn't it funny how since the RNC Barack's contributions have gone up! Wonderful! I of course was one. And to all the Community Organizers that Palin has been talking down to and denigrating, YOU GUYS DO A WONDERFUL JOB! You are the backbone of this country:
    Red Cross Volunteers
    Habitat For Humanity
    Soup Kitchen Volunteers
    Abused Women Shelter Volunteers
    Abused Children Shelter Volunteers
    Meals on Wheels to name a few...the republicans think nothing of your work but true Americans say Thank You from the bottom of our hearts!

    September 14, 2008 09:56 am at 9:56 am |
  2. The Nightingale Sings in Berkley Square

    Tony Knowles isn't too smart is he? On national TV he said Palin was a Senator. If he is wrong on her title what make him right on any thing he says. Mike Kinsley wrote a one sided article in Time. These people are part of the reason that people are divided in this great country of ours. They do not tell the whole story, rather they high light on the down side and do not say anything good on the right side.

    I am amazed.

    McCain will protect our country.. He will protect our values and our way of life. Obama is risky and he has a VP whose son is a well known federal lobbyist. And the VP said a few days ago that Hillary was more qualified than he was, so what does that say about the judgment of Obama?

    I read it as he doesn't like women when he picks a lesser qualified man over a better qualified woman. He also makes fun of women as well by saying pigs wear lipstick. Give me a break.

    September 14, 2008 09:57 am at 9:57 am |
  3. Rami

    The only difference is Obama's money comes from regular people like me giving $25-$50 while MaCain's contributions are coming from fat cats and large cooperation lobyiest. And that is a huge difference.

    September 14, 2008 09:57 am at 9:57 am |
  4. Joe

    Does anyone else think that the money spent on political campaigns is absolutely shameful? Why don't they stop spending ridiculous amounts of money on themselves and start putting some of that money back into the country? Obama the "different type of politician" shows us once again that he is in fact more of the same.

    September 14, 2008 09:57 am at 9:57 am |
  5. R. Cooper

    The choice is clear, my friends. It's Obama-Biden or a nuclear war! We risk becoming a third world country or totally wiped out off the face of the earth in a nuclear war if left up to McCain-Palin!

    September 14, 2008 09:58 am at 9:58 am |


    September 14, 2008 09:58 am at 9:58 am |
  7. Candy West Virginia

    Wow, a campaign by the people for the people. Does it bother anyone that ALL of mccain's aids were said to be lies and grave distortions of the truth by FACTCHECK.ORG? And 7 out of Palins talking points (she repeats the same speech over and over) were also?
    mccain/palin= proven pathological LIARS

    September 14, 2008 09:59 am at 9:59 am |
  8. No ...but Yes Thanks


    September 14, 2008 09:59 am at 9:59 am |
  9. A house divided

    Since it is Obama raising the millions, that kind of wastefulness has been elevated to positive status.

    We should be ashamed of the amount of money going into campaigning. If the people think you are worthy they will vote for you without the constant 24/7 campaigning and appeals.

    Obama should be a shoo in in these times of discontent. He should not even have to campaign.

    Not long ago the Obama supporters were bragging that he could waltz into the white house given the anti-republican sentiment.

    The fact that he is not waltzing in and the fact that he has to work SO hard to stay at 50% shows just how poor a democratic candidate we democrats installed.

    Maybe if Obama had credentials and qualifications and experience and a track record things would be different and not so based on millions raised.

    But we trashed the policy wonk, Hillary out of the running- preferiing the orator Obama.

    Democrats know one thing best- HOW TO LOSE AN ELECTION BY BETTING ON THE WRONG HORSE. Most Americans are in the center- they are not left wing extremists.

    The intra-party vitriol against fellow democrats doesn't help either. No amount of money will compensate for vulgar, derisive and disparaging insults.

    September 14, 2008 09:59 am at 9:59 am |
  10. highschoolstudentmakingadifference

    And $10 million of that (15%) came in the 24 hour period after Palin's acceptance speech. Don't forget that part!

    Obama-Biden for America 2008

    September 14, 2008 09:59 am at 9:59 am |
  11. Ryan in VA

    Its about time the people are beginning to realize John McCain is a filthy, out of touch, lying, old, crotchety man. Take it to him Obama. Send him to his final defeat before his grave.

    September 14, 2008 10:00 am at 10:00 am |
  12. the truth

    To Obama supporters:

    We only have one more month. Lets make October a absolute fundraising blowout. Give $25 more dollars than you think you can.

    September 14, 2008 10:01 am at 10:01 am |
  13. Steven

    I donated $25.00 when Sarah Palin decided to trash community organizers at RNC convention. I plan to give at least another $200.00 before election day to do my part to keep his campaign going.

    September 14, 2008 10:01 am at 10:01 am |
  14. Ben

    Obama 2008!

    September 14, 2008 10:02 am at 10:02 am |
  15. Foreign Observer

    Fantastic! Now spend it on:
    a) voter registration, esp young, black, and Latino - those who have been underrepresented in the past. It's a noble calling, perhaps the noblest
    b) the fight against Republican vote caging
    c) support those who want to vote but can't afford the price of the state ID in those states that have instituted that postmodern polltax
    d) all the other stuff you do

    September 14, 2008 10:02 am at 10:02 am |
  16. Fools for Obama

    And that means that he is more qualified for the job.

    The money he is able to raise is testimony to his credentials and experience and accomplishments.


    September 14, 2008 10:03 am at 10:03 am |
  17. mollygonz

    And we will keep giving..everytime McCain goes negative. Should bring in alot this month!

    September 14, 2008 10:04 am at 10:04 am |
  18. rob

    The Democrats are not going to let this one go... no way, no how, no McCain... no 4 more years of backward hicks running the show. Step aside. It's time for the grown ups to clean up your mess.

    September 14, 2008 10:04 am at 10:04 am |
  19. Mark, Ohio

    Any number what the DNC and RNC raised? 😕

    September 14, 2008 10:04 am at 10:04 am |
  20. Paul, CA

    I made my first donation after watching how ugly the RNC turned.

    September 14, 2008 10:04 am at 10:04 am |
  21. ET from OMAHA

    That is what I'm talking about.
    A campaign funded by you and me. No lobbyst, Pacs, Special interests. You can manufactured polls, the people of true progressive America will win.

    September 14, 2008 10:04 am at 10:04 am |
  22. Prince Brown

    Obama needs to utilize Bill and Hilary now.

    September 14, 2008 10:05 am at 10:05 am |
  23. Jack Jodell, Minneapolis, MN

    GO OBAMA CAMPAIGN! Those poor McCain donors just don't getit: They're throwing money at something that's not really there! McCain/Palin do not have a realistic platform, and are basing theirs on phony images with no real substance.

    OBAMA/BIDEN '08 AND '12!!!

    September 14, 2008 10:05 am at 10:05 am |
  24. Obamanation

    I think that since he broke 50 Million that he should be given the job by default.

    No one who can't raise as much money as Obama has the RIGHT to seek the office of POTUS.

    That should be obvious- if you can not afford tohave a glitzy mile-high campaign then you should just drop out and let Obama step into the white house.

    September 14, 2008 10:05 am at 10:05 am |
  25. LifeLongDemocrat

    I have been a Hillary supporter and donor but feel the need to contribute generously in order to combat McCain and Palin. McCain is suddenly not the good guy but has let Karl Rove take over the campaign. Too bad...politics as usual.

    September 14, 2008 10:05 am at 10:05 am |
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