WASHINGTON, July 21, 2008
McCain Outspent Obama In June
Campaign Finance Report Show Changing Strategies As Campaign Heads Toward Fall
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Interactive The Money Race See the latest campaign finance tallies from Obama and McCain.
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- Obama Raised $52M In June
Obama continued to raise money for the primary stage of the election, a noteworthy showing that means he has not even tried to tap most of his 1.7 million donors for general election cash.
The Illinois senator reported bringing in $52 million in June, more than twice the nearly $21.5 million raised by Republican rival John McCain during the month. Obama had $72 million in cash on hand to McCain's $27 million, according to their reports with the Federal Election Commission.
But McCain's fundraising is getting a significant boost from the fund set up with the RNC. Overall, the RNC, with the victory fund, raised nearly $26 million in June. The RNC had nearly $69 million cash on hand. Though McCain is limited in spending by his acceptance of public funds in the fall, the Republican Party can raise and spend as much as it wants to help him. Altogether, McCain and the RNC began July with $96 million in the bank.
In clinching the nomination, Obama also helped the Democratic National Committee raise money. The DNC and two victory funds it set up raised $24.2 million in June and had $20.4 million cash on hand. Obama and the party had $92 million in the bank at the start of July.
Sen. Hillary Rodham Clinton, who suspended her quest for the White House on June 7, faced a starkly different financial picture. She lent herself an additional $1 million in June to pay off vendors, increasing her total loan to the campaign to $13.2 million. She reported owing vendors $12 million. She raised $2.7 million from donors in June.
Unlike McCain, who spent more than he raised in June, Obama accumulated cash during the month, holding back on a ramped-up television campaign until July. McCain spent $16 million on advertising in June to Obama's $5 million. Obama is now matching McCain's and the Republican Party's spending on advertising.
Obama filed his financial document Sunday; McCain on Friday.
Obama reported $25.6 million in spending in June, his lowest monthly operating costs of the year. McCain disbursed $27 million in the month, including $1.2 million to a special accounting fund for the fall campaign.
Obama's contributions included $1.4 million raised through a joint victory fund set up with the Democratic National Committee. He reported a debt of $891,000.
While McCain reduced his cash on hand from May to June, Obama increased his by $29 million.
The different financial pictures reflect two distinct strategies by the campaigns. McCain plans to accept $84 million in public funds for the fall presidential campaign, a move that prevents him from raising or spending any more money above that sum.
Obama has decided to the bypass the public finance system, the first major party presidential candidate in three decades to do so in the general election. That means Obama needs to build up his cash reserves going into the fall campaign, whereas McCain needs to deplete his.The Money Race
Check out May tallies for Obama and McCain — including how much they've raised and spent since the campaign began.
Obama and McCain, meanwhile, are still busy raising money. McCain held fundraisers in the Hamptons in Long Island on Saturday and was headed to Maine on Sunday for more fundraising and a speech in South Portland. One fundraiser, at the estate of billionaire Ronald Perelman, raised money for the campaign, his joint victory fund with the Republican National Committee and various state parties.
Clinton's decision to lend herself $1 million on June 30 underscored her struggle raising money. Obama has asked that his donors help her reduce her debt. A joint fundraising event in New York earlier this month brought in about half a million dollars for Obama and about half as much for Clinton, according to fundraisers. Clinton's biggest single debt was $5.3 million to her senior adviser and pollster Mark Penn, but aides to Clinton said she first intends to pay off small vendors owed money by the campaign.
She has until the Democratic national convention at the end of August to raise money to pay off her loan, an unlikely prospect. After that, she can only pay herself back $250,000.
Clinton ended her campaign with more than $23 million designated for the general election. She is asking donors whether she can convert that money to the campaign account for her 2012 Senate re-election. Donors can also ask for refunds of that money.
©MMVIII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.
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See all 67 CommentsHe has been on every 10 minutes crying, shouting, shaking that finger please the media loves him
This is insanity. The GOP is laughing up this one.
Hillary is the one that pushed her campaign to the point of Jokes, her supporters should pay off her debts.
o /o
o
o o
ooooo
ooo
McCain refuses to show his military record.
And his "service to this country" has been fairly offensive to vets.
He is no hero.
When did Obama run away from a debate?
I seem to recall him setting up a couple of debates that McCain ran away from.
MEDIA BIAS IN FAVOR OF MCCAIN?????
John McCain continues to get a free ride from the reicht winged fascist US media. McBush is running around the country, flip flopping every which way like the dead fish that he is, depending on the scale of economy of his all white audience. Does the reicht winged fascist US media report about John McFlipflops double talk "Mr. Phony" express? NEVER!
yup - this latest development is the first step in stepping out for further investigation.
by the way, the argument is not useless. it is doing exactly what we sought out to do initially, and that is bring this to the table as it is being ignored by mainstream media the same way we put Ayers on the Table, and the Church on the Table..... it is all REVELENT.
u might be satisified with anything obama tells you but logic says obama''''s word alone is not enough.
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Posted by fenner at 06:28 PM : Jul 21, 2008
+ report abuse
Being Ignored by the Criminal Reich Corporate MSM might be your first clue that it''s a laughable accusation dreamt up by Desperate Neocons who have seen the future and their own demise.
It''s gonna be a very, very, bad day for the Neocon Nazis........LMMFAO
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check your pride at the door and LISTEN!!!!!!
it will save you much heartache in the long run.
===== JUST LISTEN!!!! LOOK AT THE FACTS.
WHY IS OBAMA REFUSING TO LET ANYONE NEAR THE COPY THAT COULD PUT THESE RUMORS TO BED?
waiting for an encounter with a fogery expert abroad? ??????? kjust kaskin
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Posted by fenner at 06:15 PM : Jul 21, 2008
+ report abuse
Until such time that some Legal Authority questions Obama''s Citizenship and files some opposition to his Campaign on those grounds, your argument is meaningless. Obama just ignores Swift Boating as he should. It''s a Hail Mary and indicates Desperation in the GOP that they have to stoop to such behavior, but it''s neither surprising or without Historical Precedence.
Obama Is Not a Natural Born Citizen
Truth:
Senator Obama was born in Hawaii in 1961, after it became a state on August 21st, 1959. Obama became a citizen at birth under the first section of the 14th Amendment
%u201CAll persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.%u201D
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Posted by nasfrompa at 05:49 PM : Jul 21, 2008
+ report abuse
Fenner will get back to you with a rebuttal just as soon as he checks in with Hannity and Limpdickkk to see what he should say......LMMFAO
there is some future i do know.
WE WONT HEAR A PEEP OUT OF YOU!
i have already seen some who once supported obama and now supporitng mcCain change their blog name... all the more power to them, but it just goes to show you how some of you are totally embarrassed that you were so easily taken!!!
no, we wont hear peep or beep out of ya! that much i know!!!
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Posted by fenner at 05:47 PM : Jul 21, 2008
+ report abuse
Again, you are wrong. You assume I am supporting or voting for Obama, which is not true. I simply was pointing out the inaccurate information you have posted. I just happen to predict that Obama will become the next POTUS, no matter what you contend.
I''ll be right here either way, using the same handle I''ve been using.
Posted by vnveteran72 at 05:38 PM : Jul 21, 2008
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AND STILL, THE FACTS REMAIN THE SAME:
RNC HAS RAISED MORE THAN DNC
AND OBAMA HAS NOT PRODUCED HIS BIRTH CERTIFICATE WHICH HE CLAIMS TO HAVE. WHICH IS BEING FRAUDULENTLY FLAUNTED ON HIS WEBSITE AS GENUINE BUT WHICH HAS BEEN PROVEN TO BE A FOGERY???
yes, we still have these nagging truths before and long after your insults and poor choice of words?
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Posted by fenner at 05:42 PM : Jul 21, 2008
+ report abuse
Your "Facts" are only so to you. I think I''ll wait for the Final Verdict which will surely be forthcoming before November, if the nice Folks over at Rove Enterprises, LLC have any say in it. Good Luck with that. By the by, I think your caps-lock is stuck......LMMFAO
Obama Is Not a Natural Born Citizen
Truth:
Senator Obama was born in Hawaii in 1961, after it became a state on August 21st, 1959. Obama became a citizen at birth under the first section of the 14th Amendment
%u201CAll persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.%u201D
I feel compelled to say that you are promoting a rumor, which has proven to be a lie, that Barrack Obama ever was a practicing muslim. It is apparent you are a McCain supporter against Obama, but why don''t you stick to the issues that are important to all of us as Americans?
AGAIN, YOU ARE SO POORLY INFORMED...
WHERE DO WE START WITH YU?
i dont meant to TOTALLY embarrass you but do you understand that a naturalized american and a person running for president answer to two different standards?
HINT::::: you must be NATURALLY BORN IN THE US, OR QUALIFY FOR THAT STATUS.... HIS MOTHER DID NOT.
AND THERE ARE STORIES OBAMA HAS BIRTH CERTIFICATE IN MOMBASA, KENYA.
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Posted by fenner at 05:24 PM : Jul 21, 2008
+ report abuse
You Reich Wingnuts must be scared ********* of Obama.
LMMFAO....Just a little info, Swift Boating was expected but it won''t work this time around.
I know you Goose-Steppers won''t believe it, so I''ll just wait till November to say I told you so....
In regard to your response to my contention the John McCain is no more than an extension of Bush and the wonderful people that have served in his Adminstration.
The "first case of this extraordinary science" is Sen. John McCain. My answer to your question "who was the first patient that became an extension of another human", I think you might fit into that category.
I have to believe that you know what I was referring to when I said McCain was an extension of Bush in regard to policies and positions. If you don''t believe me, just go to the McCain for President web site and find out.
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