July 14th, 2008
02:05 PM ET
14 years ago

Obama suddenly the cash underdog?

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/07/14/art.obamacamp.cnn.jpg caption="Obama Campaign Manager David Plouffe says McCain has the financial advantage."](CNN) - Is Barack Obama the new campaign cash underdog?

Obama campaign manager David Plouffe seemed to say Monday that the Illinois senator - who has raised well over $275 million and smashed just about every political fundraising record over the course of his 18-month bid for the White House - might find himself at a disadvantage against a joint effort by the Republican National Committee and John McCain's presidential campaign that told reporters last week it had nearly $100 million cash-on-hand as of June 30.

In an e-mail to potential donors, Plouffe said the Arizona senator has benefited from a beefed up fundraising effort "by collecting huge checks from Washington lobbyists and special interest PACs."

"[McCain's] financial position has improved in the last month. The RNC's cash on hand has risen. So now we face a position where McCain and the RNC have $96 million in the bank," Plouffe said in a Web video posted on the campaign's Web site.

Election Center: How the candidates matchup on fundraising

"They are using the RNC money, and they are using the McCain money they were able to raise while we were engaged in the primary to really spend a lot of money out there," he added.

"We have to make sure we are matching that. The only way we cand do that is for you all to continue to help us. We can't count on anybody else. We can't wait for a cavalry out there. The cavalry doesn't exist."

As of the end of May, Obama's campaign reported approximately $43 million cash on hand, of which roughly $10 million were general election funds. The campaign has yet to release its second quarter financial information.

The Democratic National Committee is expected to be of little help to the Obama campaign. On the heels of a strategy imposed by DNC chairman Howard Dean that seeks to beef up organization in all 50 states, the committee finds itself with virtually no money in the bank. As of the end of May, the DNC reported only $4 million cash on hand, $50 million less than the RNC had during the same time period.

soundoff (259 Responses)
  1. Kevin Leo (Jonesboro, GA)

    For all of my friends on the left in the Democratic party, please take note of the facts in this campaogn and why Barack chose not to go with public financing. For all of McCain's smoke and mirror subterfuge, his own campaign finance bill was so bogus and riddled with holes that he is building up his war chest and not disavowing the 527's as Barack has.

    July 14, 2008 02:27 pm at 2:27 pm |
  2. Brandon

    Just donated $25

    July 14, 2008 02:27 pm at 2:27 pm |
  3. Obama/Clinton '08

    Well, duh!

    Of course Obama has less campaign cash on hand because he had to deal with Hillary Clinton's relentless opposition until June 3.

    McCain essentially captured the nomination four months earlier.

    July 14, 2008 02:27 pm at 2:27 pm |
  4. JIM...TX

    Not a surprise...it was just a matter of time for the 527 people an pac's to open their wallets for McCain. After all he's what they're stuck with as a candidate. Might as well make the best of it since they want to stay in control.

    July 14, 2008 02:27 pm at 2:27 pm |
  5. scotty

    demonizing Obama? no much of this is because he used many of you to get where he is today during the primary and many of you have figured that out.........if you still believe in him you would donate. if you dont you wont its just that simple

    July 14, 2008 02:27 pm at 2:27 pm |
  6. WordsMatter

    This is just another ploy by the Messiah to shake down his donors. He should stop playing games, stop flip flopping, and agree to join John McCain at townhall meetings. I'm sure the Messiah's supporters will keep drinking their kool-aid and open up their pocket books for the snake oil salesman. Think for yourselves cult-lovers.

    July 14, 2008 02:27 pm at 2:27 pm |
  7. Ryuken

    His backers only wanted to see him beat Senator Clinton in the primary. They are not a dependable electorate, they are not a dependable fundraising base. Once again, Hillary Clinton would have been the best candidate for the Democrats to have on the ballot in November. If Senator Obama doesn't ask her to be his VP I am voting for McCain.

    July 14, 2008 02:28 pm at 2:28 pm |
  8. James Hussein, SC

    Count me in!

    July 14, 2008 02:28 pm at 2:28 pm |
  9. Aspire

    I have been donating $50 to Obama every time I get a paycheck. This campaign finance system is broken and McCain cannot keep "smiling" as if he knows nothing.

    July 14, 2008 02:28 pm at 2:28 pm |
  10. Asian4Hillary

    I will NEVER contribute to NONAME/NOBAMA or DNC even a penny!


    July 14, 2008 02:28 pm at 2:28 pm |
  11. Phantom of the Oprah

    The Hillary democrats will not support Obama.

    We won't help Hillary pay down her debt now either since she is stumping for Obama. I would donate to her in a heartbeat if she were the nominee of the party.

    HRC is the rightful nominee. I will never bow down to fixed elections and swiftboating of a party's BEST candidate by her own party.

    July 14, 2008 02:29 pm at 2:29 pm |
  12. aware

    What do you expect when you run on a platform of the left-wing "Mr. Clean" in the primary and turn into a centrist "Mr. Politics as Usual" for the general.

    Barack Obama has no moral center and no core principles! 🙁

    McCain 08, the only wise choice! 🙂

    July 14, 2008 02:29 pm at 2:29 pm |
  13. TSAH

    I agree with Doris – I think a lot of donors are holding back now because of Hillary's debt. I donated my $25, which I do monthly – every little bit count!!!

    obama 08

    July 14, 2008 02:30 pm at 2:30 pm |
  14. mk

    1 – McCain knew that the RNC would be generating these large sums when he was hammering Obama to run a publicly funded campaign.

    2-The RNC's donations are much larger from each source. AND its sources include the larger corporations and special interest groups that would like to have a stake in McCain's policies.

    3- I would like to know how much of McCain's RNC money was given by US Oil Industry groups after the American public has basically been robbed blind by them this past year. And is this influencing his early push for the Off-Shore Drilling rights. What other favors to US Oil companies will follow?

    July 14, 2008 02:30 pm at 2:30 pm |
  15. Mike, Syracuse NY

    Only 1.5% of McCain's money comes from PACs and lobbyists. Maybe the American people are just getting smarter. Mr Flip-flop is down 4 points in the polls too. Gotta love it! Can we get Rev. Wright back for an encore?

    July 14, 2008 02:30 pm at 2:30 pm |
  16. harry

    I am glad Obama did not take the money. This is truly the peoples election. mccain does not have room to talk. it is being looked into to see if he is actually running an ilegal campaging. check it out. he took public financing for the primary. he used the money he was going to be getting as collateral for a loan. Then later he backed out of public financing. The rep. head of public financing told mccain he could not opt out. Mccain did anyway. check it out.

    July 14, 2008 02:31 pm at 2:31 pm |
  17. ANGIE

    i donating right now to obama and DORIS FROM MEPHIS TN
    put a sock in it its not his responsibilty to pay her debt so be quiet and why dont you pay hillarys debt!!!!

    July 14, 2008 02:31 pm at 2:31 pm |
  18. DflateMacsStr8TalkXpress: Econ MIA, AWOL on facts, POW from reality

    Duh! While the corporate media, talking heads and their spouses having Republican ties and Corporate America continues to cover up for and favor Grampy and all his mumbling and stumbling without any reporting of the real McCain other than the hyped "maverick" that he isn't, why wouldn't there be a financial advantage for him?

    July 14, 2008 02:31 pm at 2:31 pm |
  19. Tucker

    YeeeHaaa! Go Bama!!!You can bet I'll be sending in my donations of $50 to $100 every 2 weeks for sure. This is the best investment I have ever made in my life and I'm proud to do it.We love you Senator Obama, now go get him.

    July 14, 2008 02:32 pm at 2:32 pm |
  20. SHAME


    VOTE OBAMA.........08

    July 14, 2008 02:32 pm at 2:32 pm |
  21. Hispanic For McCain

    I told you soooooooo obama is such a fake!!! He now brainwashing the American People to donate to him for his Crazy lIBERALS thinking HAHAHAH Guess what vthe American People are not Stupid and so are The Hispanic People they are NOT Stupid either. The Hispanic people will support John McCain!!! AND FOR THOSE OUT THERE STOP THE HATE!!!

    Hispanic for McCain

    July 14, 2008 02:33 pm at 2:33 pm |
  22. jen

    Blog after blog I read how people, mainly Hillary supporters, hate Obama yet with exception of blanket statements I have yet to hear a reason why. With exception of talking about policy I have never heard him say a bad or disrespectful word about anyone including Hillary. No one who is being honest can say the Obama camp attacked the Clinton or McCain camp as much as they attacked him.

    July 14, 2008 02:33 pm at 2:33 pm |
  23. Richard

    I will NEVER contribute to Barack HUSSEIN Obama!

    I would to Hillary! or if Hillary was on the ticket!!!

    July 14, 2008 02:33 pm at 2:33 pm |
  24. Messiah complex

    His actions and reversals, his ego and sense of self- importance, his outsized belief in his own worth, and all his political game playing have soured the message of his own campaign.

    Obama is not hope, change nor unity.

    Obama is an egotistical power grabbing maniac who is only out for his own glory.

    His premature grab for the presidency- his determination to fast track himself to the white house- based on NO experience, no track record, no accomplishments, no qualifications is backfiring now.

    Being black is NOT a qualification for office of the presidency.

    July 14, 2008 02:34 pm at 2:34 pm |
  25. Nancy

    Obama is losing support left and right.

    The more he talks, the more people realize he has no clue what he is talking about, this is why he won't debate McCain.

    I didn't leave the Democratic Party, it left me.

    Former Democrat for McCain '08!

    July 14, 2008 02:34 pm at 2:34 pm |
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