January 31st, 2009
01:30 PM ET
7 years ago

Obama's leftover cash

WASHINGTON (CNN) - President Barack Obama ended last year with $15.5 million left over in his 2008 campaign war chest, according to a disclosure report filed Friday with the Federal Election Commission.

Obama could transfer the bulk of this amount to a re-election bid in 2012.

By comparison, former President George W. Bush had only $292,809 in his campaign account at the end of the 2000 campaign year. Former President Bill Clinton ended his successful 1992 bid with $2.7 million in the bank.

Filed under: President Obama
soundoff (44 Responses)
  1. Sandra Dee

    See! The Democrats do know how to balance a budget.

    January 31, 2009 05:05 pm at 5:05 pm |
  2. Griff

    Left-Overs you give to the "Dog"..... "Your "God"??

    January 31, 2009 05:06 pm at 5:06 pm |
  3. Morgan

    I think he already paid down Hillary's debt...13 million is missing according to the FEC report.

    January 31, 2009 05:26 pm at 5:26 pm |
  4. bsmith171

    give it to the unemployed.

    January 31, 2009 05:32 pm at 5:32 pm |
  5. Danny in Chicago

    I trust that he'll do the right thing with the leftover money. He's a pretty smart guy and I finally trust someone in our government.

    I'm finally starting to relax and realize that we have competent leadership again. Our country might be in a crisis, but imagine what this all would be like if GW was still in charge!

    Do with the money as you will Barack – you're smarter than anyone blogging here AND at CNN....

    January 31, 2009 05:35 pm at 5:35 pm |
  6. Griff

    Left Overs ahould be spent on Trade Schools.. But the Teacher should be, an out of work Ex-Trade Man/Women.. Maybe that way you will upgrade both "Young and Old".

    January 31, 2009 05:42 pm at 5:42 pm |
  7. No Hillary = No Obama

    Here's my prediction – Obama will take all that greedy cash he collected and keep for his reelection bid – if & when that ever happens. The man is an egomaniac.

    January 31, 2009 05:42 pm at 5:42 pm |
  8. jasan

    Mr. President, keep the money for your next go at the your office. The bozo's will be coming after you with a multitude of lies and distortions and you must be able to fend them off. 4 more years baby....

    January 31, 2009 05:51 pm at 5:51 pm |
  9. WHAT???

    That money should be donated to help the rest of the Democrats who are up for election in 2010.

    January 31, 2009 05:52 pm at 5:52 pm |
  10. Future

    Save that money for 2012. Can you imagine having Palin and Joe the Plumber leading our country in the future. The thought makes me want to contribute to his 2012 campaign already.

    January 31, 2009 06:09 pm at 6:09 pm |
  11. Meka


    January 31, 2009 06:10 pm at 6:10 pm |
  12. Simmy

    It would be smart to keep it for 2012.

    They also said if President Obama didn't make Hillary VP he had no chance of getting elected. Stop flattering SOS Clinton. The people that voted for him were smart enough to know that he was the best candidate. If he had lost the primaries McCain and Palin would be in the White House now. What's your opinion about that?

    January 31, 2009 06:33 pm at 6:33 pm |
  13. Patrick

    If he puts it towards a re-election bid it will break his promise that his presidency is just going to be one long campaign.

    January 31, 2009 07:28 pm at 7:28 pm |
  14. candicecann

    Use the money for education, katrina victims(yes they still exist) and to aid the homeless. Obama will make the best decision

    January 31, 2009 09:42 pm at 9:42 pm |
  15. Anonymous

    give it to the poor or deduct it from the useless bailout.

    January 31, 2009 10:28 pm at 10:28 pm |
  16. antony sadick

    Pay off hillary clintons debt

    February 1, 2009 12:50 am at 12:50 am |
  17. Robert Yoon, CNN

    Hello, everyone. Several of you have asked what Pres. Obama can do with these funds. In short, federal law allows candidates with left over campaign money to do any combination of the following: donate it to other campaigns (subject to contribution limits - which is only a few thousand dollars), donate an unlimited amount to a national or state political party, donate an unlimited amount to charity, return money to the contributors, convert his campaign into a political action committee, or tranfer it to a future federal campaign committee of his own, such as a presidential re-election campaign. Those are the main options. Several readers have suggested that Pres. Obama use the money to pay off Hillary Clinton's campaign debt. However, federal law limits the amount that one federal committee can donate to another committee (unless it's one candidate transferring funds from one of his or her federal accounts to another). The president isn't under any great time pressure to make a decision. Although his campaign committee is supposed to fold up shop once all the loose ends from 2008 are tied up, sometimes that process takes several years. For example, Pres. Bush's 2004 campaign remained active until early 2007, and his opponent that year, John Kerry, didn't fold up his 2004 committee until early 2008.

    February 1, 2009 01:30 am at 1:30 am |
  18. Anonymous

    Help the people in zimbabwe,im sure a million will go a long way.winter in zimbabwe is round the corner and they need food blankets and warm clothes.be the good man you are mr president

    February 1, 2009 09:28 am at 9:28 am |
  19. jen

    I swear I am so sick of hearing you dummies crying about Hillary's debt. For the last time, he can't pay it off, its against the rules!!!!!!!!

    February 1, 2009 09:53 pm at 9:53 pm |
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