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. Cathy

    The money that I have saved taking the train instead of driving into work has been going to Obama's campaign.

    I believe in Obama's campaign and his supporters believe that Obama believes in us and that he truly wants what is best for this great nation. That is what motivates me to donate every month.

    July 17, 2008 09:48 am at 9:48 am |
  2. Doug

    I finally "Googled" PUMA since people have been bandying the expression about.
    The definitions are, basically:
    1. a large cat
    2. an athletic shoe from Germany
    or 3. a moron.

    July 17, 2008 09:48 am at 9:48 am |
  3. Andrew

    Lets see $52 Million divided by $68, thats about 764,000 votes. Thats a good start. Now if we can just get him to commit to about $500 billion / year extra in education and alternative energy research, this country will see great times again like in the 50s consumer goods boom and the 90s tech boom.

    July 17, 2008 09:49 am at 9:49 am |
  4. Ms. RDS

    @J.S....so it's ok to donate to McCain's campaign which is funded by tax payer money. 85 million which could go to doing some of the things you stated. But it's not okay for people to give money out of their own pocket for Obama....what was you point again?

    July 17, 2008 09:49 am at 9:49 am |
  5. Obama Supporter from FL

    That's pretty awesome! Let's keep those numbers up!

    July 17, 2008 09:49 am at 9:49 am |

    This just goes to show what can happen from the ground up by inspired people.

    Obama/Biden 08

    July 17, 2008 09:50 am at 9:50 am |
  7. a concerned canadian

    I am a Canadian who would love to be able to donate toward Obama.. I travel around the world quite a bit and it is unreal how many people outside the U.S. hope the see Obama as the next US president... it's all up to you America....

    July 17, 2008 09:50 am at 9:50 am |
  8. Michelle

    Well, since Obama needs to outspend his opponents 4 to 1 and
    5 to 1 just to lose, he had better get going.

    Do you notice that Obama is still ducking debates? He recently
    dodged the Fort Hood debate. The latest "chicken out" on Obama's part is a debate arranged by Greta Van Sustern.

    Obama: afraid, chicken, coward. He is afraid of Hillary, McCain, and Greta!

    But he loves his teleprompter. It's his pacifier.

    July 17, 2008 09:51 am at 9:51 am |
  9. PUMA tuPAC

    i dont care what OBAMA says...i am bitter and i have 18 million bitter friends who will vote for MCAIN to teach OBAMA and the DNC a lesson.

    Sure my sons will die in IRAN.... but its worth it to teach OBAMA a lesson.

    McCain 08/ Hilliary 2012

    July 17, 2008 09:51 am at 9:51 am |
  10. RJ, CA

    Time to send more to McCain! But I haven't forgotten Obama, either. Sent a PENNY in the solicitation envelope yesterday. But I DID put a 42 cent postage stamp on the envelope to "defray" his prepaid postage costs! Hope that helps, Souffle – I mean, Plouffe.

    July 17, 2008 09:51 am at 9:51 am |
  11. David

    Great move to OPT out of public financing. The RNC would've crushed you with there lobby money. They raised 100 million. That is percisely why they wanted you to conform to public financing. RNC would've cheated all the way to the white house..........again.

    July 17, 2008 09:52 am at 9:52 am |
  12. Sebastian Kent

    Former Hillary Clinton Primary Supporters ...

    Team Obama couldn't have done this without you .


    We welcome you onboard. Now on to the November Victory for our side!

    July 17, 2008 09:53 am at 9:53 am |
  13. Chibuzor

    Contributing to OBAMA 08 is contributing to the future of this great NATION. Contributing to the disaster now would not help anything. Short fix is not the answer to the crisis of the future. The response of this admistration to the natural disasters have shown that they were ill prepared to begin with. Lets make the sacrifices now and build a better future for our NATION by contributing to OBAMA 08 and VOTING OBAMA come NOV. 08. AMERICAS GLORY MUST COME BACK!!! GO BARACK OBAMA!!

    July 17, 2008 09:53 am at 9:53 am |
  14. FS

    To Election Watcher –

    refine – make more precise or increase the discriminatory powers of; "refine a method of analysis"; "refine the constant in the equation"

    refine – make more complex, intricate, or richer; "refine a design or pattern"

    refine – improve or perfect by pruning or polishing; "refine one's style of writing"

    Get IT!
    I like when he "refines" his positions, you know make them more precise and better so to get it right, unlike your President Bush who couldn't "refine" his positions because he was so stubborn and he was wrong for that, dead wrong. Now he is redefining his views following Obama's themes', he can't even get his own ideas.

    Obama '08

    July 17, 2008 09:53 am at 9:53 am |
  15. tony

    People like Lorna-
    This man has flip flopped more that John Kerry-
    If he gets elected we will be more Socialist than ever-
    Don't expect you to understand-!

    Obama Supporters - Be careful what you ask for-you just might get it-
    One more thing–The Capital Gains tax which affects everyone with any sort of retirement account he wants to raise to 34% EVENTUALLY
    That's just one area you'll pay-
    He talks about change-
    The only change you will have is what's left in your pocket-
    With the economy the way it is - to tax further will only put us deeper in the hole-
    But you probably will not understand until you don't have a job and then need a program to help you paid for by people like me–
    It's not a slam dunk that he will get in-

    July 17, 2008 09:54 am at 9:54 am |
  16. what?

    and thats why we give...WE WANT OUR COUNTRY BACK

    you can say a lot of bad things about John McCain, God knows he has provided us with a lot of amo but the one thing that rings MOST true is......John McCain is a Republican!
    his camp is already riddled with lobbyist, he has taken huge amounts of money from special interest groups and (like Bush) big oil, he has admitted he does not know a lot about a lot ( like Bush), John McCain believes the all in all Americans are better off than we were 8 years ago (like Bush), he has changed his position (like Bush) on several issues that he criticized Obama for coming up with in the first place...
    i don't know if John McCain is a bad man or not ( the research i have done on him makes me believe so) but i will say that McCain gets VERY confuse very often
    Obama 08....................

    July 17, 2008 09:54 am at 9:54 am |
  17. Tarheel for Unity

    I am proud to be a contributor to his campaign. This is the first presidential campaign that I have ever financially contributed to and am excited about!

    Obama all the way!

    July 17, 2008 09:55 am at 9:55 am |
  18. nobama


    July 17, 2008 09:55 am at 9:55 am |
  19. B J

    I am waiting for him to answer tough questions, I really dont think he has been challenged yet. I have all the respect in the world for both candidates for different reasons except for the flip flops by both. While McCain has his eastern Europe issues, Obama stated he has visited 57 states. They are about equal on gaffes as far as I can tell. I am waiting for debates, I was not real impressed with Obama against Hillary in the debates. It seems right now that his speech writers are doing a great job. Bottom line, the debates will be interesting.

    July 17, 2008 09:56 am at 9:56 am |
  20. Lone McCain Blogger


    July 17, 2008 09:56 am at 9:56 am |

    This is why the RNC was pissed at Obama opting out of public finance. Good thinking from a wise man. Don't let'em get you, Senator Obama. Even if you don't win, you gave them a run for their money.

    July 17, 2008 09:57 am at 9:57 am |
  22. Denise Groves



    July 17, 2008 09:58 am at 9:58 am |
  23. mh0708

    To J.S.- How much have you contribute to all the various events you listed? You can not tell others how and where to spend their money.

    And since you want to tie this in to the candidates, if John McCain opt out of public financing as Obama did, we could us the $85 MILLION he's getting to send to help the victims on you list.

    July 17, 2008 09:59 am at 9:59 am |
  24. GC

    All the money he's raised throughout the last year is amazing. It also shows how much the average American is giving to him in their own ($50 here, $25 there, etc.). I'd like to see what he does with any money remaining, which is highly unlikely. I would be disgusted if he funneled any of that money into anything other then the current credit and housing struggles that are hitting these same every day Americans so hard.

    July 17, 2008 10:00 am at 10:00 am |
  25. Old white woman for Obama

    More money on the way today. By donating directly to Barack's campaign he gets to keep all the money I send. I donate directly to Clinton also to help with her debts. It almost kills me, but Barack has asked us to help her. I want to know where her debt stands because once her vendors are paid she won't get any more from me.
    Obama 08

    July 17, 2008 10:01 am at 10:01 am |
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