December 5th, 2008
09:23 AM ET
6 years ago

Obama's gamble pays off

Obama's campaign brought in nearly $750 million dollars.
Obama's campaign brought in nearly $750 million dollars.

WASHINGTON (CNN) – He’s the three-quarters of a billion dollar man.

Barack Obama's presidential campaign hauled in nearly $750 million dollars during this very long and historic campaign for the White House. That's more than twice what his opponent, Republican presidential nominee John McCain, raised and it's more than what George W. Bush and John Kerry combined raked in during the 2004 presidential campaign.

In a report filed with the Federal Election Commission Thursday, the Obama campaign reported spending over $100 million during the final few weeks leading up to the November 4 election, far more than McCain.

Obama opted out of taking public funds during the September to November general election period, becoming the first candidate for president to opt out of public financing since the system was created in the 1970s. Obama gambled that he could raise more money than the $84 million McCain received in public funds. That gamble apparently paid off.

Some other numbers: The Obama campaign raised $104 million in the five weeks leading up to and just after Election Day. And as of November 24, the last day included in this report, the Obama campaign had nearly $30 million left in the bank.


Filed under: Candidate Barack Obama • FEC • John Kerry • John McCain • Uncategorized
soundoff (268 Responses)
  1. KJL

    Who would want to contribute to buy a few more snazzy outfits for Sarah Palin to wear to her hate-fests?

    December 5, 2008 09:29 am at 9:29 am |
  2. TangoDancer

    Well that's great that he still has dinero in the bank, but I've personally put a lot of my funds into his campagin coffers. Today I was petitioned again to donate to Hillary's campaing retirement debt. I could only give $50. Not that I'm perturbed, but why do we need to keep giving our personal money to HRC if BHO still has $30M in the bank? I'm not offended or irritated since I support the cause, but what is to become of unspent campaign funds that still reside in the Obama bank?

    December 5, 2008 09:30 am at 9:30 am |
  3. Paige

    Evil, jealous people are insisting that Barack was not born in America.

    December 5, 2008 09:30 am at 9:30 am |
  4. Nice Girl

    Barack's victory is very hard for "certain people" to accept.

    December 5, 2008 09:34 am at 9:34 am |
  5. kaz

    2012!!!!!

    December 5, 2008 09:34 am at 9:34 am |
  6. President Obama/VA

    Obama is a household name. Get use to it!

    December 5, 2008 09:35 am at 9:35 am |
  7. S.B. Stein E.B. NJ

    People seemed to believed in his message and wanted to help him win by donating to his campaign. It worked. He is the president elect now. The question is will he let people down and if so, how many. If he is to do what he needs to get done, he may disappoint many people on the political left and right.

    He will make it harder for the late night comedians to have jokes at the president's expense. Joe Biden might come to the rescue on that one.

    December 5, 2008 09:39 am at 9:39 am |
  8. Remloc

    TangoDancer:

    According to an NPR report this morning, Barack cannot by law give more than $2000 of his overage to the Clinton campaign.

    December 5, 2008 09:44 am at 9:44 am |
  9. Tab Cocovillea

    Some in the GOP are already starting to push Sarah Palin apparently as an early favorite for the race in 2012. Independents and Libertarians are talking about Jesse Ventura. Should be interesting to see who actually has legs four years from now.

    December 5, 2008 09:45 am at 9:45 am |
  10. david

    And most of it was "dirty money", he was the only candidate to never make available the entire list of donors.

    December 5, 2008 09:45 am at 9:45 am |
  11. Tab Cocovillea

    Some in the GOP are already starting to push Sarah Palin apparently as an early favorite for the race in 2012. Independents and Libertarians are talking about Jesse Ventura. Should be interesting to see who actually has legs four years from now.

    December 5, 2008 09:45 am at 9:45 am |
  12. david

    Oh and the reason he opted out of taking public funds is because that would have then required him to make public a list of donors. Obama is a very smart man, he knows how to get around the law.

    December 5, 2008 09:47 am at 9:47 am |
  13. Die Hard Republican

    I am really getting to like Mr. President-Elect, Barack Obama.

    December 5, 2008 09:48 am at 9:48 am |
  14. Brian-Omaha

    We all know why he raised $750 million, because he went back on his own statement of accepting public financing. I guess you small minded liberals forgot that point of fact. Essentially, he bought the White House. Bring on the change liar!

    December 5, 2008 09:49 am at 9:49 am |
  15. Christine Lewis

    Oh, drop the snippy Sarah Palin comments about her wardrobe.
    How much did Obama spend on those fake Greek columns? That too was from donations.
    Obama raised $750,000 for his campaign? So why not give that money to help the less fortunate, rather than tax me to fund his proposals?

    December 5, 2008 09:50 am at 9:50 am |
  16. Scott Tucson

    Instead of using our taxpayer dollars for a bailout to Wall Street, the big 3 auto makers and the UAW, why don't Obama go on a roadshow tour for the next month and asked for contributions? Surely his adoring fans will dig even deeper into their wallets and purses for such a worthy cause.

    December 5, 2008 09:50 am at 9:50 am |
  17. be blessed

    people believe in you and biden, bless both of you.

    December 5, 2008 09:50 am at 9:50 am |
  18. MG

    To all the people questioning the money.

    The money is legit!!! If a movie (The dark night $529 million in 3 months, $10 tickets) can make that kind of money why can't a presidential campaign using the internet. Prez-Elect Obama has been running for 2 years.

    Obama – Biden 2012!!

    December 5, 2008 09:51 am at 9:51 am |
  19. Lynne

    If he runs the country as well as he ran his campaign, he will be one of the greatest presidents of all time.

    December 5, 2008 09:54 am at 9:54 am |
  20. Mobius

    They are STILL asking for money, too. Emails every day. Amazing.

    December 5, 2008 09:54 am at 9:54 am |
  21. Rachel

    Obama has a good brain and he uses it. We haven't seen that in Washington in a long time. I'd trust him with my life.

    December 5, 2008 09:57 am at 9:57 am |
  22. katiec

    Barack Obama opted out of public financing because of all the loop-holes the republicans are experts at getting around. His campaign funds consisted mostly of people like me donating $25 at a time.
    Improvements will not occur overnight, it is going to be a long,
    hard stretch of time to undo the damage that has been done
    these last eight years.
    We all need to continue to support his sincere desire to get
    America back to the once great nation we were.

    December 5, 2008 09:57 am at 9:57 am |
  23. empty vessel

    I am back Obamabots, and though none of you could comprehend the rational thoughts that I posted about the bars being opened for extended hours so people can get EXTRA lit for Obambi's big three day party, I will try again.

    By the way, when people get hurt because of this, I WILL post "I told you so".

    Who are the certain people you refer too "nice girl", do you mean the 48 percent of the country who didn't buy into the media hype?

    The same people that said he will go back on all of his "promises" and guess what "sweetie", HE ALREADY is on record reneging on his tax LIES and ending the war LIES. FACT.

    And the fallacy that "only" the people donated to his campaign is again a LIE as more than 75 percent of his donations came from LOBBYISTS, again FACT.

    Did he do a good job getting regular folks involved, YES, but don't let the media leave out the FACT that he got more dough from the lobbyists that we ALL hate than anyone EVER. FACT.

    I am no huge fan of Hillary, but she was far, far superior to this fraud.

    2012 can't come fast enough.

    December 5, 2008 10:00 am at 10:00 am |
  24. KFO

    You can gain alot of interest in 4 years (2012) with $30M in the bank!
    Good start for 2nd Term

    December 5, 2008 10:01 am at 10:01 am |
  25. Gerald

    I can't wait to see his wifes new $30,000 dollar ring and the faces of the all the dopes that voted for him during the impeachment hearings, he out spent at a ratio of 4 to 1 one on the campaign and if recall the final vote was 52% to 48%. Yes , its true 48% of America did not vote for him ,

    December 5, 2008 10:01 am at 10:01 am |
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