Breaking: Barack Obama raised only 22 million dollars in May of 2008. [Updated again.]
By Moe Lane Posted in 2008 — Comments (16) / Email this page » / Leave a comment »
$22 million. That would be $200,000 more than John McCain did.
Yes, we'll be expanding on this theme.
First Update: The WSJ reports $22 million, with $43 million cash on hand. As per OpenSecrets.org, Senator Obama's take in April of 2008 was $30.7 million, with $45.6 million on hand. This indicates a continuing drop in revenues, plus the second month in a row where the Obama campaign spent more money than it took in. Please note that this is May's results, not June's. The Obama campaign was actively campaigning for the entire month of May against a determined opponent; and his recent decision to break his word on accepting public financing argues that this month's totals will be significantly higher. That being said, I personally was assuming that Obama's cash on hand would not have dropped.
McCain, by the way, raised $18.3 million and had $24 million on hand in April. May's results were 21.8 million raised, and $31.6 million in the bank; both reasonable increases.
Read on.
Second Update: McClatchy's Washington Bureau does its best to lipstick the pig (I'm sorry, but when your motto is "Truth to Power," you've clearly picked your side), but all I care about is their report that the RNC picked up $24 million to the DNC's $4.7 million. No cash on hand. Sloppy, sloppy McClatchy's Washington Bureau.
Third Update: The Hill reports the following numbers:
RNC: raised $24.4 million, spent $11.5 million, cash on hand $53.5 million
NRCC: raised $4.9 million, spent $5.1 million, cash on hand $6.7 million (drop)
NRSC: raised $4.9 million, spent $2.7 million, cash on hand $21.6 million
DSCC: raised $5.9 million, spent $5 million, cash on hand $38.5 million
Good news for the RNC, bad news for the NRCC, not-great news for the NRSC. Hint, hint.
Fourth Update: Ed Morrissey's covering this one, too: he notes Hillary's debt reduction woes, so I'll remind him of the Democratic Party's convention problems in return...
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Breaking: Barack Obama raised only 22 million dollars in May of 2008. [Updated again.] 16 Comments (0 topical, 16 editorial, 0 hidden) Post a comment »
FISA and Financing. Perhaps he would have been better off taking public financing ?
"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
-Thomas Paine: The American Crisis, No. 4, 1777
The free exchange of ideas inevitably yields both heat and light.
Moe, you have been making this point for weeks -- where are Obama's May fundraising numbers????
Pathetic.
Obama peaked in February. In fundraising, in votes, in registration, in everything. It will take the media a while to cach up to *Moe*.
"Those who expect to reap the blessings of freedom must, like men, undergo the fatigue of supporting it."
-Thomas Paine: The American Crisis, No. 4, 1777
The Unofficial RedState FAQ
“You are not only responsible for what you say, but also for what you do not say. ” - Martin Luther
the only important point we have to pray is that his loons are nearly tapped out for the next two months until the general election funds kick in- if McCain can close the gap until August he may be able to compete for the last two months with using RNC victory and the 85 million fed funds... I think this month McCain will raise more in June than he did in May.. if so he will be able to survive until August.
"Small town folks get bitter after which they cling to guns or religion, or antipathy to people who aren't like them, or anti-immigrant sentiment"- Barack Carter Obama
I'll be giving my money to my Conservative Congressman and nothing to support RINOS!
The Fuzzy Puppy of the VRWC. I've been usurped!
In May, I had already given my fair share and was just waiting it out to see if my candidate would pull it off in the primary with what I had already contributed. There wasn't much else my money could do for Obama at that point. We were still having an internal battle in our own party and we were tired and drained and tapped out.
And I would guess that June, July and August might be about the same since McCain doesn't really seem to have much momentum and Obama supporters are complacent. But when things heat up in September and October, things will heat up again and the money will flow. I AM very disappointed in Obama about FISA and everything else, but as you can well understand, you work with the candidate you have. I will keep contributing.
Sure you have to go with what you've got. And with Obama, he will flip and flop and eventually hit a topic you agree with.
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It is the mark of an educated mind to be able to entertain a thought without accepting it.
--Aristotle
you have to contextualize all that as the limping-to-the-finish-line month that was the end of a bloody primary that was expected to either June 3rd or turn into an epic battle. It was very much a wait and see kind of thing, we were all biting our nails to see what was coming next. May is not representative of the whole.
On CNN earlier this afternoon (3:15ish pm central?) they were throwing around numbers like 500 million and were talking of a national advertising campaign to rival that of McDonald's and/or Nike.
As the price of gas goes up, possibly over $5 a gallon this summer, how will it affect campaign contributions? Do you really think the enormous fundraising Obama has previously shown will continue? I really can't see how the millions of people who are supposedly struggling to pay for gas and food will keep scrapping up even $20 or $50 to give to either candidate.
Politics is a strange kind of religion and true believers will give beyond their means, and beyond what a financial planner would advise.
It's also strange that for many voters their number one issue is disconnected from their own lives. I have stopped believing that most vote out of their own best self interest.

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It is the mark of an educated mind to be able to entertain a thought without accepting it.
--Aristotle