July 17th, 2008
08:04 AM ET
15 years ago

June take for Obama's campaign coffers: $52 million

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/07/17/art.obama2.afp.gi.jpg
caption="Barack Obama's campaign says it raised more than twice as much as John McCain last month."]

WASHINGTON (CNN) - Barack Obama's campaign raised $52 million last month, more than twice the amount of funds brought in by his rival, John McCain, according to campaign officials for the presumed Democratic presidential nominee.

Obama's campaign now has $72 million cash on hand, the term used to describe how much money they currently have to spend, campaign officials said Thursday.

The average donation to Obama in June was $68, the officials said, bringing the monthly total to more than twice the $22 million raised in May. Meanwhile, the Democratic National Committee reports it raised over $22 million in June - bringing the total cash-on-hand held by Obama and the DNC to $92 million.

At that time, the Illinois senator was still locked in a fierce primary battle with Sen. Hillary Clinton for the Democratic presidential nomination, and Obama was spending more time campaigning for votes and delegates than simply fundraising.

With the conclusion of the primaries in early June and Clinton's suspension of her campaign just days later, Obama's campaign cash numbers had been expected to rise in June.

McCain's campaign raised $22 million in June, its best month yet. The campaign said that combined with the Republican National Committee, they have about $95 million cash on hand.

Earlier: McCain camp says GOP has $95 million

In a fundraising e-mail to supporters, Obama Campaign Manager David Plouffe acknowledged the deficit, saying that “McCain and the RNC together still have a huge cash advantage, and we need your help to close the gap.”

Obama has opted out of using public financing for his campaign, but McCain is accepting federal funds. That means at the conclusion of the political conventions in September, McCain will get about $85 million in public funds to spend on his campaign until Election Day, November 4th.

Obama will receive no federal money, but is free to raise and spend as much money as he can. If he continues to raise large amounts of money, he could have an advantage over McCain when it comes to campaign cash in the crucial months of September and October.

Money of course is not the only factor in the campaign, but it does pay for advertisements on television, radio, the Internet and in print, as well as fund expensive get-out-the-vote efforts in crucial battleground states across the country.

soundoff (264 Responses)
  1. Give me a break

    So what they are trying to tell us is Obama is trying to buy the White House. This isn't change Mr. Obama, this is politics as usual.

    July 17, 2008 09:03 am at 9:03 am |
  2. slm, Itn

    Unfortunately with all the lobbyist giving to and working on the McSame campaign we will havve to work harder to beat them. We the people will take back our country from these corrupt Republicans.
    Obama-NoDrama 2008.

    July 17, 2008 09:05 am at 9:05 am |
  3. ProudToBeDemocrat

    Go get them Obama.

    July 17, 2008 09:06 am at 9:06 am |
  4. Gary Bonner, Baltimore


    You go boy!

    July 17, 2008 09:06 am at 9:06 am |
  5. Obama Is God

    Goooooooooo Obama! We can't be stopped. . .

    July 17, 2008 09:06 am at 9:06 am |

    God help us...

    July 17, 2008 09:09 am at 9:09 am |
  7. DEBBY, NJ

    You Goooooooo OBAMA !!!

    July 17, 2008 09:10 am at 9:10 am |
  8. Nick - Arlington, VA

    $52 million and the average donations was 68 bucks!! I'd like to know what the average donation to McCain was...

    July 17, 2008 09:12 am at 9:12 am |
  9. Ian

    If the "system" isn't corrupt, then why would anyone spend hundreds of millions of dollars on a campaign for a job that only pays a few hundred thousand dollars a year?

    July 17, 2008 09:12 am at 9:12 am |
  10. S.B. Stein E.B. NJ

    If Obama continues to raise this much money, he could continue to spend where and how he chooses without having to worry much. It seems that if this continues, McCain will have to worry about some states that were once considered safe. Obama, from reports that I have read, seems to have a better organization set up than McCain. That organization can get people out to vote. That is the critical thing for Obama. Typical young people which Obama has energized don't usually go out and vote; if that does happen, the rules have changed.

    July 17, 2008 09:13 am at 9:13 am |
  11. IQ



    July 17, 2008 09:15 am at 9:15 am |
  12. CD

    The GOP haven't seen anything yet. The Obama cash machine of Americans being the greatest lobbying force is ready to take on the crazy lobby people who think they own our government. I know a lot of people who are yet to donate to Obama because of the fear that the money will be sent to Hillary and Mark Penn. By the end of this month we will wipe out the deficit our campaign has against the GOP. From August it will be a whole new ball game because we will make sure we raise at least $85m dollars each month till November.

    Let the games begin!

    July 17, 2008 09:15 am at 9:15 am |
  13. mollygonz

    Wow, i guess that shuts the Washington Post up!

    July 17, 2008 09:15 am at 9:15 am |
  14. FS

    Ahh and the saga continues, the critics can quiet down now...they thought Obama was losing support...ha ha ha.

    Take that Repub's and Hillraisers.

    All the real Hillary supporters stand up, don't follow these crazy mad rich donors called Hillraisers, they are lobbyist who can't take the fact that they wont' have a puppet to control.

    Join with us and fund a campaign you will feel part of, where your $5.00 is appreciated, Obama funded by America.

    July 17, 2008 09:16 am at 9:16 am |
  15. conservative

    Just goes to prove that fools and their money are soon parted !

    July 17, 2008 09:16 am at 9:16 am |
  16. McCrazy

    how come the ticker line on the main page says $52 instead of $52M?

    July 17, 2008 09:16 am at 9:16 am |
  17. Herman in LA

    Another $100.00 on the way Barack, anything for you and Howard Dean need for the DNC to run smoothly we have your backs... We will not be swift boated this time... We must take back our country 4 the people and by the people.

    Obama 08

    July 17, 2008 09:17 am at 9:17 am |
  18. Richard Ruati

    Bravo!!!!!!!! ObamaforAmerica 2008

    July 17, 2008 09:17 am at 9:17 am |
  19. Mike

    Obama: $52million with an average of $68 per donation.
    McCain: $22million with an avareage of $863 per donation.

    I think you can tell who is funding who.

    Obama is the people's leader, and McCain... well he is hardly a leader, lets just call him a surrogate for special interests and lobbyists..

    July 17, 2008 09:17 am at 9:17 am |
  20. Fee, Philadelphia

    Please keep donating. Obama is up against the odds. Democrats, don't be fooled by his popularity into thinking he doesn't need money. His site accepts very small amounts of donations...skip that cup of coffee for a day or two and send that money to Obama. If you like your pocket pain, stick with McCain. If you want improvements and would like to see your money pay for more tomorrow than it does today, Barack the vote! Make an investment today in your future for tomorrow.

    I just visited a site today and it gave me the chills. It was a site for Clinton Dems...I thought Dems were for all Dems and didn't belong to one person. I started the campaign process not knowing who to support between Clinton and Obama. Clinton because she is a woman and name recognition. Obama because he was an intelligent black man. As they moved up in ranks and others dropped out of the race, I began to follow their policies and their ability to persuade me as a voter. I persuaded most by Obama and became a supporter, not against Hillary, but for Obama. Many of my friends wanted Hillary because of Bill and some didn't want Hillary because of Bill. But I never thought it should be against another Democrat...as a Democrat. I watched as Obama decided not to fight against the kitchen sink tactics only to be labeled as weak and unfit, even though they were both similar and as close as you can get on policies...besides the mandate on healthcare. It became a personality contest and many say it bought the worst out of both Obama and Clinton. I think it bought the worst out of Democrats...so when I see a site that is created by Democrats to bring down another Democrat because he wasn't their choice over Clinton...I feel such shame as a woman to think that other women...and it is mostly women...would use reverse sexism against a man who wanted to win just as much as Hillary and who earned his win.

    Obama may not be your first choice, but he is a good choice for Democrats over John McCain. Please find it in your hearts to donate to the candidate who is set to make history!

    Obama '08...the only choice for me

    July 17, 2008 09:18 am at 9:18 am |
  21. jfs Memhis, Tn

    Wait until after the nomination !!! America wants ...and...needs Obama !!! It costs a lot to get his message out.


    July 17, 2008 09:19 am at 9:19 am |
  22. who care about maccain

    This to the people who think the surge in iraq is working if you guys follow the news and know what is really happening the military is not doing anything its the iraq people themself who are doing the fight helping us military did you for the iraq prime minister hands out money to his people in pucblic that is given them cash and also the military met with the same people fighting against them and paid them to fight with them so check your facts don't just start typing and act like you are still in grade one God people are so slow.

    July 17, 2008 09:19 am at 9:19 am |
  23. MD in GA

    This is excellent news. Will be donating again shortly.

    July 17, 2008 09:20 am at 9:20 am |
  24. Vote Obama

    Good Job Obama ! - History is being made with all sorts of political records being broken right before I very eyes. And to all of the Hillary supporters who contributed, thank you.

    July 17, 2008 09:20 am at 9:20 am |
  25. Rose - Baltimore, MD

    Wow...Congrats prez Obama!

    July 17, 2008 09:21 am at 9:21 am |
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