DNC raises $28 million in July

[Hope And Change]

August 16, 2008
Categories: Barack Obama

DNC raises $28 million in July

As wealthy Obama backers start writing big checks to the DNC, the committee and its joint fundraising committees raised $27.7 last month, and has slightly more than that on hand.

The DNC says it's the first time since October 2004 it's outraised the RNC.

The committee cash boosts the respective candidates, though it's no equivalent in value to the hard money raised by the candidates, and not all can or will be spent on the general election.


By Ben Smith 12:43 PM


http://www.politico.com/blogs/bensmith/0808/DNC_raises_28_million_in_July.html?showall

[grannie4peace]

1. they have some of my$$

i don't remember how much....but every time the repugs piss me off, i try to calm down but if i can't & i happen to hear for the dnc... i chip in....it gives me so hope that we can change things

[pinto]

2. Good. And I see Obama has raised $51 million in July.

:kick:

[musicblind]

3. K&R

:kick:

[Hope And Change]

4. Obama + the DNC vs. RNC+McCain

Fundraising Bottom Line: McCain Can Relax, Obama Has Some Work To Do, But It Will Pay Off

16 Aug 2008 02:35 pm

Obama + the DNC

Raised: 78.7 M (27.7 dnc + 51 Obama)
Cash On Hand: 94.3M (28.5 dnc + 65.8 Obama)


RNC+McCain

Raised: 53M (26 rnc + 27 Mccain)
Cash On Hand: 96M (75 rnc + 21 mccain)

Estimating here, Obama has an additional reserve of about $20 million stored up for the general election. Assuming he spends half of his kitty this month, he'll have around $50m on hand as of August 29. On September 4, McCain get a check from the public till for about $84 million. Assuming he's raised around $15 million this month, he'll be able to spend around $35 million between now and his convention.

It will be be fairly easy for Obama to dramatically increase his totals, assuming that he can rely on his early maxed out primary donors for an immediate primary infusion.

But Obama's $51m last month reflects generosity AND hard work; he spent an inordinate amount of time at fundraisers. After the convention, Obama will be campaigning full-time and won't be able to lend his personal charisma to private fundraisers.

Bottom line to this bottom line: both candidates and both parties will be well-funded, although, if things go right for him, Obama will have a fairly massive cushion.


http://marcambinder.theatlantic.com/archives/2008/08/fundraising_bottom_line_mccain.php