July 17th, 2008
08:04 AM ET
14 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. CP-Texas

    OBAMA!!!!!!!!! Yes We Will!!!!!!!!!!!!!!!!!!!

    July 17, 2008 09:22 am at 9:22 am |
  2. Chad

    I'm trying to understand why, despite Obama outraising McCain by two to one, that the writer of this article felt compelled to beef up McCain's numbers by including the RNC funds on hand, but did not do the same for Obama with the DNC?

    July 17, 2008 09:22 am at 9:22 am |
  3. PSK

    My family could sure use a little of that to buy groceries.

    July 17, 2008 09:22 am at 9:22 am |
  4. Mark

    Another error on your headline- only off by 1 million-fold.

    Please improve the accuracy of your news!

    July 17, 2008 09:23 am at 9:23 am |
  5. Gitana

    Oh yes we can!!! Just sent another $100

    Obama 08/12

    July 17, 2008 09:24 am at 9:24 am |
  6. Casey, Tennessee

    lol....When I saw the link to this on the homepage it said "$52" instead of "$52M" or $52 Million....I was like, "Obama rakes in $52??? Sheesh, my boy really didn't have a very good month" lol

    July 17, 2008 09:24 am at 9:24 am |
  7. Kevin L

    Scary! A man with no track record (minus a few catchy slogans) has convinced you all that he is the Messiah! I have some swamp land in Florida for sale is you are interested???? It would be nice if he would get rid of the teleprompter and actually have to answer some questions. Keep drinking the Kool-Aid folks and just remember .... the price of gas has gone from $2.30/gallon to > $4.00/gallon under our Democratic Congress. Perhaps we can shoot for >$6.00/gallon with the Dems running two branches of government!!!! Now that's what I call C-H-A-N-G-E!!!!!! Viva Obama!

    This message was paid for by: "Nobama and McCain't: Are these the only two left?"

    I'm Kevin L, and I support this message ...

    July 17, 2008 09:24 am at 9:24 am |


    OBAMA 08'

    July 17, 2008 09:25 am at 9:25 am |
  9. Mark

    Another error on the headline on the main page- only off by 1 million-fold.

    Please improve the accuracy of your news- this kind of thing seems minor but there are people who will only skim the front page and take away an entirely false message.

    July 17, 2008 09:25 am at 9:25 am |
  10. Terry, New York, NY

    Aren't individuals capped on how much they contribute to a campaign? The Election Board should investigate where all this money is coming from.

    Sounds sleazy to me. If it was the other way around and McCain was getting large donations, the big, uneducated (obamabots) would be the first to jump on the republicans.

    July 17, 2008 09:25 am at 9:25 am |
  11. Ken Pittsburgh

    keep up the good work OBHAMA

    July 17, 2008 09:25 am at 9:25 am |
  12. Becky

    Many people say Obama is going to tax, tax, tax us. Well, it's pretty admirable that he isn't using tax payer money to fund his campaign like McCain is.

    July 17, 2008 09:25 am at 9:25 am |
  13. benvictor

    Who is being raked? As a Hillary Democrat, I supported Hillary as the First Woman President of the United States of America because of her experience, record of accomplishments, and trust of the American people. Sadly, Hillary was rolled by the party leaders, the super delegates, and the arrogant annointed one of the party. We now look with hope to John McCain to bring peace, prosperity, and security to our Nation. John is like Teddy Roosevelt who about 100 years ago as President spoke softly but carried a big stick. John will bring Osama to justice. Contrariwise, Jessie wants to cut the democratic nominee's stick off.

    July 17, 2008 09:25 am at 9:25 am |
  14. ko

    For the person that sent me a OBAMA 08 Bumper Sticker...THANK YOU! This guy is absolutely "on a strategic basis"-Awesome!

    July 17, 2008 09:25 am at 9:25 am |
  15. Jeana

    Way to go Obama supporters! Here's to another great month - we're making great progress!!!

    July 17, 2008 09:25 am at 9:25 am |
  16. Linda from Prescott AZ

    Great job everyone, let's keep sending in our checks.
    We will have a democrat in the White House.

    July 17, 2008 09:26 am at 9:26 am |
  17. whiner

    i donate monthly.in 25 years i never donated to any politician,other than barack.i support him because he has more intelligence ,alone ,than the entire gop combined.he has foresight,that i've not seen in a government leader,ever.perhaps since lincoln,himself.

    July 17, 2008 09:26 am at 9:26 am |
  18. Serviceman

    you are b.s.

    Let my money soak up the water and make it all go away or fan out the fires. There will aways be disasters, thats why there is federal relief funds(our money our taxes), you sound like a McCain supporter getting nervous!

    July 17, 2008 09:26 am at 9:26 am |
  19. Alison

    Take that McSAME!!! The people speak.

    Yes we can!!!!

    July 17, 2008 09:26 am at 9:26 am |
  20. Fatima

    If he keeps this up, he'll definitely have an advantage over McCain and the Republicans......about time! Im one of those $25 supporters each month- and if I could afford more I most certainly would! But I also would donate to causes causes of immediate concern i/e floods, fire, etc and I urge those who can as well!! Future Pres. Obama would want us to!!

    July 17, 2008 09:26 am at 9:26 am |
  21. Frantz (Atlanta)

    let's get this White House!

    Obama '08

    July 17, 2008 09:27 am at 9:27 am |
  22. Tarrie

    Yes We Can

    July 17, 2008 09:27 am at 9:27 am |
  23. Darius

    I congratulate Sen. Obama on running a magnificent campaign so far. He is already admired and looked up to as the leader of what Chris Mathews touted as, "Good Politics"... And his campaign bank account is a testament to that!

    We need more of this in congress!

    July 17, 2008 09:27 am at 9:27 am |
  24. Morningstar

    Wonderful! wunderbar! merveilleux!

    We will give you more!

    July 17, 2008 09:27 am at 9:27 am |

    go obama

    July 17, 2008 09:27 am at 9:27 am |
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