October 3rd, 2007
07:33 AM ET
15 years ago
The money race: Clinton vs. Obama
Watch Bill Schneider's report about the millions of dollars the two leading Democrats have raised so far this year.
WASHINGTON (CNN) - In the second quarter of the money race, Sen. Barack Obama, D-Illinois, came out ahead. But, Sen. Hillary Clinton, D-New York, has outdone Obama in the third quarter that just ended. Senior Political Analyst Bill Schneider takes a look at the fundraising race between the two Democratic frontrunners in the 2008 presidential election.
More: Clinton outpaces Obama in fundraising for third quarter
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To Arshad of Newburg:
You stated that Hillary raised only 75M while Obama raised $79M.
While I agree with your Obama figuire of $79M, you lost me on the Hillary figure of $75M. My calculation shows that her total amount raised should be $90M ($63M for the first two quarters, plus $27M for the 3rd quarter). See CNN amount for the first 2 Q http://www.cnn.com/ELECTION/2008/money/dems.html
As I note elsewhere, Obama has spent more money (burnt rate of $0.4 for $1 raised) than Hillary ($0.29 for $1 raised). With so much money spent, Obamas is 2nd or 3rd after Hillary in most of the state primaries. The bottom line is that he has not convinced the dem voters, or that he is simply not electable, ie., cant beat the republican nominee.