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. thevaneljournal.com

    I donated last week and will again before then end of this month.

    July 14, 2008 03:45 pm at 3:45 pm |
  2. Erick FL

    It's funny to ready how some Obamabots want to wait for Hilary's debt to be payed off before contributing to Obama.
    1st of all you when donating to Obama & donating to Hilary are 2 different debts. You choose where your $ goes.
    & 2ndly...Clinton is helping by getting her top donors to donate to Obama. She's helping him as he's helping her.

    July 14, 2008 03:45 pm at 3:45 pm |
  3. Big AL

    Don'y worrie, we got your back Sen.Obama, this time around it won't happen like 04 or 00. I will work a little more harder to fine other to stand tall and fight the McSane and McBushs and for them HRC backers are saying they are hold out until HRC debt is paid.. Well let me give you'll something to chew on. The Obama camp will not be blackmail or put on hold because you'll have a problem within yourself. HRC should pay off her own debt. She wanted to stand tall til the end and knew she didn't have the money.. How dumb can some of you'll be if she can't run her own camp how can anyone of you'll think she can run this country. This country is in debt, if she was the Top Dawg what would she do then, borrow the money from the bank of China or the Mideast. Get real,this is something real that going on this time around and by trying to wait until the last minute, you will miss the BUS.......... What you won't give someone else will you can bet the farm on that....

    July 14, 2008 03:45 pm at 3:45 pm |
  4. Peter E

    Excuses, excuses. Instead of letting Obama's stance on issues and record speak for itself Obama supporters rely on accusing the Clintons for any ills in their campaign. Clinton this, Clinton that!
    Move on people already! Clinton is yesterday's news! The rest of us put it behind us, why can't you?

    July 14, 2008 03:46 pm at 3:46 pm |
  5. Randy

    wow....even with the illegal lottery on his wensite and he still doesn't have enough money

    July 14, 2008 03:46 pm at 3:46 pm |
  6. Abrams-Seattle

    WHY does Obama NEED to spend the same amount as McCain?

    A better product sells itself on it's own merits, you have to really plunk down some serious cash to push a poorer brand onto consumers.

    Unfortunately, manipulation via social psychology works quite well on the uninformed-ever hear of Madison Ave., NY, NY?

    Sometimes too much money can backfire on you...Obama had too much money when the Obama/Presidential Seal ended up being designed and employed on that press conference podium.

    July 14, 2008 03:46 pm at 3:46 pm |
  7. JAS from PA

    All of you Hillary lovers, please donate $1 to Hillary. with the 18 million voters she keeps touting that should retire her debt

    July 14, 2008 03:47 pm at 3:47 pm |
  8. Walt

    My twice a month contribution of $25 stopped when Obama came out in support of the Scalia, Thomas and Alito on the death penalty and gun control, stated his intention to extend faith-based initiatives and voted in favor of the FISA amendment. So did a lot of other people's regular contributions. I'll make my donations now to progressive candidates for the Congress.

    July 14, 2008 03:47 pm at 3:47 pm |
  9. Tim

    Obama campaign manager David Plouffe makes these pitches on a regular basis. This is not news! Word to the wise - there are 1.7 million online donors. Do not underestimate the vast financial support it beholds.

    July 14, 2008 03:47 pm at 3:47 pm |
  10. Peter E

    Yet another excuse by the Obama campaign to avoid talking about relevant political issues, and try to gain votes by pretending to be the 'victim' of something.

    July 14, 2008 03:47 pm at 3:47 pm |
  11. Never Obama

    He got this far on Hype, media bias, celebrity fever, race baiting, and the dirty politics of hate and division.

    Maybe, the free ride stops here/

    July 14, 2008 03:47 pm at 3:47 pm |
  12. Cynthia - Arkansas

    I give to Obama every time I can, but we all know the fat-cat Republicans will spend HUGE to keep their hands in the till after this election is over. Bush's "donors" have made HUGE profits and they aren't about to let the opportunity to make more slip away. Besides giving money, we have to stand strong to help Obama win. Right now he is fighting against the Repulican money machine, the obvious media bias (not to mention 24/7 Fox Noise), the internet lies and is still standing. Any other Democrat would be dog meat by now.

    July 14, 2008 03:48 pm at 3:48 pm |
  13. Obama 08: Female, 60, white

    It is humourous all of the Clinton supporters who are relishing in Obama's fundraising and they are too cheap to pay off her debt. Seems more than a little hypocritical.

    McCain is using loopholes in his own bill in order to raise this money; so much for honourable!!

    July 14, 2008 03:49 pm at 3:49 pm |
  14. La Chatte, Portland, OR

    Aw gee, the Strawman is beginning to disintegrate. If we're hearing what's being said when mikes are "inadvertently" left on, can you just imagine what's being said when they're off? Bye-bye, Bambi– and the pathetic Dems you rode in on!


    July 14, 2008 03:50 pm at 3:50 pm |
  15. dick bohanon

    giving money to the republicans is like a bad date:
    use ya ,abuse ya,then lose ya.
    the business interests will always trump
    the average american's
    and the gop is their hand maiden.
    you may not like obama
    but are you going to trust the same cabal
    that got us in this spot today.(no it wasn't the socialists)
    ignoring phil gramm( who as vice chairman of ubs is not
    under the same economic cloud as we are)
    we are not whiners,we are tired of the lies told to feather
    big business' pockets at our expense.
    vote for mccain ,cuz the rich could always use more of your money

    July 14, 2008 03:50 pm at 3:50 pm |
  16. LJ Blue

    As the Briish say, "Spot On"
    I think the New Yorker got it right, or is that Wright.
    The only thing missing is something with Rev Wright in it.
    American Flag burning in the fireplace, Bin Laden's picture over the fireplace, AK-47 toting wife, and the knuckle fist touch.

    It may be taseless or thought of a poor humor, but it's an image lots of Americans, true Americans, anti-racist Americans, and Americas who love America can relate to.

    July 14, 2008 03:52 pm at 3:52 pm |
  17. NewYorker Magazine Rocks

    I'm sending Obama a free subscription to the New Yorker.

    July 14, 2008 03:52 pm at 3:52 pm |
  18. Hate drove us away

    The Celebrity bandwagon, pop idol craze, rock star status, media bias, race card, and cheating will carry you just SO far.

    When Obama mocked, jeered, ridiculed and demeaned Hillary Clinton- and even Bill's presidency- he lost most of the democratic party base. Those were the life long democrats who strongly supported- and loved, not hated- the Clintons.

    When his vitriolic supporters used the strategy of vile, filthy, vulgar, crude sexual innuendos, gender putdowns, blatant sexism, reverse-racism, cultural slurs in a campaign of hatred and insults against fellow democrats, many more would-be supporters abandoned Obama for good.

    Who wants a candidate who inspires such hate and vulgarity in his supporters.... and who says and does NOTHING to stop that divisiveness?

    July 14, 2008 03:53 pm at 3:53 pm |
  19. Randy

    Leslie....are you kidding???? Mostly negative coverage?????

    WOW....that must be it....people only look at the pictures and don't read the words.

    Wow...I really can'tstop laughing

    July 14, 2008 03:53 pm at 3:53 pm |
  20. What if?

    This is not a surprise, Bush, his friends, family, oil company’s buddies and McCain wife wealth of richness. They want McCain to win so they can continue to reap the financial rewards from the tax breaks....da!….

    July 14, 2008 03:54 pm at 3:54 pm |
  21. Ken

    Who would have ever thought.

    July 14, 2008 03:54 pm at 3:54 pm |
  22. Beth - Florida

    These are lies, the Obama campaign just wants more of your hard earned money. Dont fall for this.

    July 14, 2008 03:54 pm at 3:54 pm |
  23. Fast track

    Who would support Obama after the travesty of the democratic party primary?

    Who wants a candidate who inspires such hate and vulgarity in his own supporters.... and who says and does NOTHING to stop that intra-party divisiveness?

    In short who wants an unethical, race-baiting, self-impressed, cocky egotistical candidate who made a premature grab for the presidency?

    July 14, 2008 03:55 pm at 3:55 pm |
  24. BK

    Looks like Obama can't manage his money either. I would never give one cent to the arrogant Obama or the DNC. Obama is more like Bush than McCain is. Flip Flop. Go ahead and waste your money he will not win. You can't buy the election.

    July 14, 2008 03:56 pm at 3:56 pm |
  25. Vote Nader

    Carrie Goodeagle Hayden, Idaho July 14th, 2008 2:57 pm ET

    I'm sending my third $25.00 this Friday, which is my payday. I work at a hospital and know what a mess Healthcare is in. We need a one payer plan for all. Go Obama (and Hillary thanks for all you do for healthcare).


    Ralph Nader is the only candidate with a true single-payer healthcare plan. You might want to send that 25 bucks to him.


    ** Nader/Gonzalez 2008 **

    July 14, 2008 03:56 pm at 3:56 pm |
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