(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.
the economy must be booming
You know it is really funny! Has anyone done the math on all that Obama is promising? I am one of the 5% who make more than 250K a year. His tax proposals would have me paying anywhere between 20 to 30 K more in taxes. Guess what people. That is a pittance compared to what we will need to pay for all of his programs. Most of those who make more than 250 K a year make less than 1 mill. Therefore, the total taxes collected will not even come close to paying for his programs. In addition, the extra 20 to 30 K a year that I would have had as discretionary spending will now be going to the government, instead of being invested in our economy, paying for tuition, buying or doing whatever to help the economy grow. I'm not opposed to paying a little more in taxes but nobody really is questioning him on how he is really doing to achieve these goals. He's getting a free ride on this because he has really good verbal skills.
Did anybody ever consider:
that all of this money poured into a campaign is a turn-off for some independents and undecideds???
what a shame it will be when many people, who cannot afford to offer their last nickle, are disappointed in either the results of the election and/or the legacy of their candidate's presidency.
As a Californian, I have seen elections lost handily by candidates who outspent their opponents by hundreds of millions of dollars of their own money and still lost.
I think campaign finance reform is essential.
It's sad to see so many hard working americans wasting thier money.
For all the money he has spent, Obama should have double digit leads in the polls, but he can't even stay even with McCain. Obama can't buy the White House at any price. Save your money, so you can afford to get drunk as McCain is being sworn in as the next President.
I know why his numbers jumped, it is the same reason people who haven't donated yet jumped at the chance in August, two words: Sarah Palin! God forbid!
After 8 yrs of suffering, If we really don't want to go through the same thing over and over again think smart by voting for the right candidate. I'm a Clinton fan and now I turn to Obama.
All my home is on Obama
just keep on picking on the palin children and you will surly send obama down the creek, open your eyes people, look what you are doing to your own candidate
Get ready, 'cause here we come!
It's a good thing they're raising money, since they can't raise Obama's experience level or list any real accomplishments... All the campaign money in the world won't change the fact he's the most liberal US Senator, and Biden is the third most liberal US Senator. COME ON PEOPLE, WAKE UP... THERE'S NOTHING UNDER THE HOOD... IT'S A SHINY EXTERIOR LABELED "HOPING FOR THE CHANGE OF THE HOPE OF THE CHANGE!" It would be nice if he changed his "liberal socialist government programs will save you" ways, though.
Whow! I saw the video of Palin supporting Obama and his policies. Check it out on Utube.
instead of pollimng people who can bring change and who likes palin why not poll people who can want to see the debate
McCain has at various times referred to Theodore Roosevelt as his hero, his idol, and his role model. Col. Roosevelt was a man of honor and won the Nobel Peace Prize for settling a war, not for starting one. When he ran for a second term, after succeeding to the presidency upon the death of McKinley, he pledged to not seek a third term. He had the decency to keep that pledge, even though he was very popular and would probably have won. Somehow, I can't imagine him running the kind of campaign McCain is running, especially after pleding not to do so.
This guy is probably in bed with tons of special interest groups, businesses, and crooks. Change?
I don't know what world you are living in. For the record DEMS have enough respect not to call others STUPID.
Facts – McCain is old politics and you are obviously one that makes over 250K if you are supporting him! This would explain your ignorance.
Palin – Wouldn't even dignify her with a response because she is offensive. We don't need more wars lady.
I pray to God he touches your spirit and get you off this RACIST walk your on.
God Bless America, OBAMA-BIDEN 08
A House Divided:
Did any Obama supporter say anything nasty to your face? Or is it what you've read on these blogs? Because IMHO, the vitriol was coming not from Obama supporters but from posers that are McCain supporters. They're laughing all the way to the polls that they've caused such a divide between us.
I'm an Obama supporter. My sister was a Clinton supporter. I have friends that were Clinton supporters. Their policies and philosophies were too close to even argue a case one way or another.
We have to come together to win this. We can't afford four more years. Even though McCain is trying to distance himself from Bush and blame everything on Congress, his record over the last eight years tells us a different story.
Americans are putting their money where their heart is. 66 Million dollars will be nothing compared to what Obama will raise this month.
I don't care how McCain tries to re-package himself. Once the country gets over the shock of his VP choice, his failed polices will come to the forefront once again.
First McCain ran on his experience. Now he is running on reform. He cannot just re-package himself and expect voters to buy it.
8 years of Bush is enough.
Obama / Biden 08!
Gov. Palin to Congress: "Thanks but not thanks on
that bridge to nowhere. If Alaskans wanted a
bridge, we'd build it ourselves."
AMERICANS TO OBAMA: "THANKS BUT NO THANKS ON THAT
SPEECH TO NOWHERE. IF AMERICANS WANTED A SPEECH,
WE'D WRITE IT OURSELVES."
As a former Hillery supporter that was thinking of going for McCain I am now backing Obama-Biden. Palin will do nothing for womens rights but set them back again. While you look at her and what she stands for, look at McCain too. His wife raised his children while he was a prisoner of war but she was just as much a victim. What does he do when he gets back home, he picks up a RICH, YOUNG trophy wife and leaves the woman who stood by him and marries his sweet young thing a month after the divorce is final. Is this the man you want as President, and is this the woman you want one heart beat away from the Oval Office. I for one says a resounding NO!!!!!!!!
I gave $200 in August but Im going to start giving my money to Moveon.org if Obama doesn't put that money to good use and try to fight back against the lies. Moveon.org isnt afraid to get in the mud with these liars.
I've been donating money and time for the Obama / Biden ticket,
talking to everyone i meet through family and work,
spreading the truth, against the corporated media lies and spins,
referring sincere voters to DEMOCRACY NOW and MEET THE BLOGGERS,
away from WBUR as well as corporate media like CNN, all of which are full of NEO-CONS and their shameless spinsters,
and I pledge to continue doing all of the above
the neo-con agenda is defeated and the loan-sharking war-profiteering thugs are locked up for the rest of their lives.
I don't have much, but I will always find at least $25 for the good cause and that is OBAMA/BIDEN compaign.
ENOUGH IS ENOUGH! REPUBLICANS NO MORE!!!!!
I LOVED THE LADIES ON THE VIEW. JOHN MCCAIN NEEDS TO BE REFORMED HIMSELF !!!HAHAHHAHA
This is great news! I hope the campaign uses some of this money to create ads that TELL THE TRUTH about Palin's record in Alaska. If the media won't do it, it's time the Obama campaign does. Enough of the Repubs and the media hiding the truth about Sarah Palin and thinking it's acceptable to do so. Enough!
When I heard this on the news, I shouted. I'm so glad Barack is doing well, and once again we're on a roll. We have to raise more money than the Rethugs to win the last stretch.
McSame/Failin would not be good for our country. No way, no how, no McSame/Failin.
It's good to see that the people are responding to the need for change by giving. The McCain campaign is running a dirty fight where they shamelessly will SAY ANYTHING to get votes.
The Republican Party believes that substance can easily be subtituted.
Go to http://www.factcheck.org. You can see the truth behind the words.