Dueling June Obama fundraising claims?

Seems like there's an easy enough way to settle this.

By Moe Lane Posted in | | | Comments (2) / Email this page » / Leave a comment »

To walk you through this: today there was a Wall Street Journal article discussing yesterday's fundraising announcement by the McCain campaign. Said article noted in passing (via Political Punch):

Meanwhile, June fund-raising for Sen. Obama appears to be falling below the expectations of some supporters. The campaign hasn't released its June numbers, but people close to the fund-raising operation say the total will likely be just over $30 million. While this isn't a poor showing, it is an underwhelming haul for a campaign that has ballooned in recent months, has promised a true, 50-state electioneering effort and has told its biggest fund-raisers that it wants to collect $300 million in general-election cash by mid-October.

The reason for the lower-than-expected numbers for Sen. Obama, fund-raisers said, was his continuing difficulty in getting former supporters of Democratic rival Hillary Clinton to open their purses for him, following a protracted, bitter primary battle. Sen. Obama has also tacked to the middle on some recent policy issues, annoying many in the left wing of the Democratic Party. These more liberal-leaning supporters make up a large proportion of his small-donor cadre. The campaign says that some 1.7 million people have given $200 or less, making up 45% of Sen. Obama's total.

A bit of an eye-opener, that. And subject to what is ostensibly a swift pushback (Read on)...

TPM's one of the sites that has Obama spokesman Dan Pfeiffer's response:

"The Wall Street Journal report of our fundraising numbers is way off the mark. It appears that after 18 months, some in the press still haven't realized that anyone who is talking about numbers doesn't know what our numbers are."

Hotline reports the same thing, except that they credit Bill Burton with the comment. Probably a flub or a forward, but either way it's not as important as the main point: the Obama campaign really wants to quash this story quick.

Which is why it's very odd that they haven't quashed it in the most obvious fashion: by releasing the Obama campaign's and DNC's June fundraising numbers. If the WSJ has seriously under-reported Obama's June total - and note that they did not report on the DNC's June total, or both group's cash-on-hand - revealing it would magnify the impact of the numbers itself, and blunt the impact of stories like this one. They have instead decided to issue a press statement that would be full of what would be called "bravado" by the press if it came from any other campaign - and it is interesting to note that said statement does not actually say that the Obama campaign has done better than reported. Again, that would be called "typical weaseling" if done by any other campaign, too.

My own, rule of thumb take: I agree with Race 4 2008 that the magic number for Obama/DNC is 50 million/month, and they didn't hit that in June. If they had, they would have run with it now, instead of waiting until the clock runs out before reporting. That means one of the following happened this month:

1). The actual combined raw numbers are somewhere around 37-39 million. Maybe 41, if the DNC did very badly.

2). They actually did very badly (possibly below McCain's total), and simply want to get out of this particular news cycle as quickly as possible.

3). Dan Pfieffer lied. After all, what can anybody really do to him for doing that?

Note that none of this addresses how much the Obama campaign spent - and its long-term spending habits are something that should be, but is thankfully usually not, a matter of concern to Obama's boosters. But that's for another post: one that I'll write when the Obama campaign screws their courage to the sticking place and reveals their June numbers.

So, yeah, a couple of weeks for that.

Moe Lane
Moe Lane

What Does John McCain Believe About Barack Obama?Comments (31) »
Dueling June Obama fundraising claims? 2 Comments (0 topical, 2 editorial, 0 hidden) Post a comment »

if you read the McCain briefing from Goldfarb's blog on the main site- it shows that there is currently 102 million cash on hand, with around 94 million for the general (september/october). if McCain is able to bring in another 20 million in july and august, he would have roughly 60 million to spend in the few weeks before the conventions.

one would think that McCain and the RNC can start to make the point that these are the last few weeks where GOP donors have to contribute to McCain, as opposed to Obama will have to continue raising money through November..

I hope Moe can start to do a breakdown based on that briefing and how much Obama would have to raise each month to double what we will be able to spend..

"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

Maureen is now complaining about the Obama campaign internet fundraising..Seems no one can trace where the $200 million came from-like multiple overseas credit card processors.

Atta Boy, George Soros. Stay classy.

Kate

“It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.” Henry Miller

 
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