September 14th, 2008
10:30 AM ET
6 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. VOICE OF REASON

    HOW MUCH MONEY DOES IT REALLY TAKE TO PUT A PERSON IN THE WHITEHOUSE?????????? 50 MILLION PLUS FOR THE CONVENTIONS?????????? WHERE IS CHANGE EXCEPT WHEN OBAMA CHANGES HIS MIND ON WHAT SUITS HIM BEST??????????? WHY ARE PEOPLE HOMELESS AND HUNGRY IN AMERICA AND THESE AMOUNTS OF MONEY BEING THROWN OUT THE DOOR TO FLUFF POLITICIANS AND PARTY LIKE NO ONE NEEDS IT FOR MUCH MORE NOBLER PUPOSES??????? ALL OF TESE PEOPLE WANT OFFICE FOR THIS PURPOSE AND NONE OTHER. WHO IN THIS WORLD IS A BIGGER BUFFOON THAN THE THING PERSON SORT THAT THINKS OBAMA IS ANY DIFFERENT THAN ANY OTHER POLITICIAN. THIS CRAZED BLINDNESS IS HIS RISE TO FAME. JUST FAME NO MORE. TONIGHT A CHILD WILL GO TO BED HUNGRY AND THE DNC AND RNC HAVE MILLIONS STASHED AWAY. DO THE MATH.

    September 14, 2008 10:12 am at 10:12 am |
  2. COUNTRY FIRST?

    Those national polls will never be able to account for all the support behind Obama. His fundraising does a better job of showing just how many people support him. National polls will never be able to capture that!!! My voting location opens at 7:00 am, I will be there at 6:45am waiting on the doors to open to cast my vote for the next President of the United States of America-Barack Obama.

    September 14, 2008 10:12 am at 10:12 am |
  3. Ron from Baltimore

    Whatever the short-term cost to get the Democrats back into our most responsible office in the nation, it's worth it.

    We still cannot believe the sleaze factor from McCain, and I always gasp at his "I'm John McCain, and I approve this message" at the end of those ads they're running. It's really him, really condoning the retelling of admitted lies and misdirections! What country, be it an ally, enemy, or neutral, would ever believe a McCain administration now??

    September 14, 2008 10:12 am at 10:12 am |
  4. JohnT

    What would be more germane than how much was raised is a listing of who made the contributions, because all the big donors are expecting something in return. The media's constant score-keeping as to which side raised how much money implies that the one that raises the most money will automatically win, further implying that the election is for sale. I suppose that's our version of democracy, but it's just another form of corruption disguised as freedom of speech. Talk about putting lipstick on a pig. Our system's become as corrupt as any third-world so-called democracy.

    September 14, 2008 10:13 am at 10:13 am |
  5. texas

    Lets show McCain, Palin and the GOP that change is really coming. Let's have have the $100M in 30 days challenge.

    September 14, 2008 10:13 am at 10:13 am |
  6. Gerald

    This is terrific! Obama will need all the money he can get to fight the "Swift Boat" tactics that are going to be unleashed in a few days by the Harold Simmons, Chris Lacivita, Tony Feather, Christian Pickston ( along with the help of Karl Rove ) in close collaboration with the McCain campaign. As reported by the Washingtonpost, this sleaziest people met recently to coordinate their tactics with the McCain campaign ( my take here, not the Washingtonpost) , where Karl Rove representing the MCCain Campaign ( and everybody knows kArl Rove works behind the scene for the McCain campaign. T. Boone Pickens was invited to attend but he declined because he's not taking side this time around and he favors Obama's energy plan.

    September 14, 2008 10:14 am at 10:14 am |
  7. Apollonia Creed

    Yes we can!

    BTW, what's up with all the articles with no comment option?

    September 14, 2008 10:14 am at 10:14 am |
  8. Susan

    Niiiccccce. Go Obama-Biden 08!!!!

    September 14, 2008 10:14 am at 10:14 am |
  9. olier

    Astonishing amount of money. These new donners are probably new voters. I bet as the next two months go on, the size of the money will increase.

    September 14, 2008 10:14 am at 10:14 am |
  10. thegoreyears

    Better believe it. I donated for the second time after this Palin hogwash, shocked by the polls. Next up, a MoveOn event at my house. I'm 50, and have never been directly involved in politics, but there is no way I'm gonna let my country die without a fight.

    September 14, 2008 10:15 am at 10:15 am |
  11. blaising

    Let's go all you Obama supporters!! We need to make it happen NOW!! The stakes are too high to let the extremist right steal another election.

    To all you dems out there who complain about Obama needing to get tougher: He needs $$ to wage the kind of attacks you want.

    How much are you willing to pay to make sure McBush is defeated in November?

    September 14, 2008 10:15 am at 10:15 am |
  12. BushMustGo

    What until yousee September! Thanks Palin...

    September 14, 2008 10:15 am at 10:15 am |
  13. Arielle Yanaba

    Alright!

    September 14, 2008 10:15 am at 10:15 am |
  14. mer

    NEVER giveup my fellow Democrats!! We shall elect Obama/Bidden to the White House since thry are the ONLY men who could bring REAL change to Washington and to the rest of the worl! I am a full time student and broke, but that doesn't stop me from donating, b/c I believe in what they stand!!!!!!!

    September 14, 2008 10:15 am at 10:15 am |
  15. Maddie, Hartford, Ct.

    Alas....A "change" not a "reform" is on the way! Hopefully, this country will see an end to the lies and deception. To that I'll pray.
    No McCain...No Palin...No How. No Way.

    September 14, 2008 10:16 am at 10:16 am |
  16. Unhappy With Direction

    Please America.. don't fall for the Palin Gimmick! Please!! We can't do this... we can't let this country go into the hands of these people! I believe in the American peoples ability to choose what is best for all of us!!

    September 14, 2008 10:16 am at 10:16 am |
  17. Susie

    That's because Sarah Palin is scary as hell. Go Obama!

    September 14, 2008 10:17 am at 10:17 am |
  18. CC

    Lets just hope that contrary to the polls, there is a silent majority that these numbers look to indicate for Obama / Biden.

    September 14, 2008 10:17 am at 10:17 am |
  19. Janice Il

    Moderator Please help me out , my comments never come out from under moderation on here or Jack cafferty, I dont' break the rules or anything . Please tell me why this happens to me in an email if you could take the time.

    September 14, 2008 10:17 am at 10:17 am |
  20. Jess

    It doesn't matter how much money he raises, he still will not win because America does not believe in him, also there is that subject of his skin color that many Americans are still not comfortable with.

    September 14, 2008 10:18 am at 10:18 am |
  21. Marie

    Right now money does not seem to be the issue. The issue is that Obama messed up by not choosing Hillary for VP. I like Joe Biden, and think he is quite qualified, but his showing in the primaries should have given the Obama campaign a bit of a clue into lack or energy he would bring to the campaign. The Obama campaign cannot compete with teh energy Palin has brought to the GOP, regardless of the fact that she is not q

    September 14, 2008 10:19 am at 10:19 am |
  22. Esmaralda

    Yes, I for one contributed 3 times what I have in the past in the last two weeks alone.

    Solely because I am disgusted by the Republicans campaigning on everything but the issues.

    Maybe now the press will focus on issues and put hard questions to both Presidential candidates as should be done. The election should not be about personalities. Its about the vision and political stance of the two people running for President..

    September 14, 2008 10:19 am at 10:19 am |
  23. dannette

    why is it always the most hateful, biased voters calling Obama and Michelle racist? Palin wants Alaska to become independent from America, yet the very same voters say she loves America! Voters actually are not aware that voting republican will not give us four more yrs of the same but it will become worse! Voters should just admit that they don't want a prosperous country, or health care for all of our citizens, or peace, or stronger alliances with our allies, or independency on foriegn oil,equal rights for women, because voting republican is saying just that!!

    September 14, 2008 10:19 am at 10:19 am |
  24. Kevin in Ancorage AK

    The money is pouring into Obama because Sarah Palin is a religious extremist and has proven the capability to abuse the power of her position. You can put lipstick on Dick Chaney, It's still Dick Chaney!

    September 14, 2008 10:20 am at 10:20 am |
  25. Reality

    hope it helps turn this thing around to beat McCain / Palin

    September 14, 2008 10:20 am at 10:20 am |
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