Premium
This is an archive article published on July 17, 2008

Obama outshines McCain, raises $52 mn for campaign

U.S. Democratic presidential candidate Barack Obama raised $52 million in June.

.

U.S. Democratic presidential candidate Barack Obama raised $52 million in June, the campaign said on Thursday, a jump from last month and more than double the $22 million raised by his Republican rival John McCain.

In an e-mail to supporters, campaign manager David Plouffe said the Obama campaign raised the funds with an average donation of $68. The Obama campaign and the Democratic National Committee have a combined total of $72 million in the bank, Plouffe said.

“But more impressive than the number is how you did it,” Plouffe wrote.

Story continues below this ad

“Hundreds of thousands of ordinary people contributed to building our campaign for change. Many were first-time donors, giving only what they could afford — and the average donation was just $68.”

The June figure was just shy of Obama’s best fundraising month in February when he took in $55 million. His fundraising slowed to $21.9 million in May, down from just over $30 million in April.

But Plouffe said that McCain and the Republican National Committee still have a huge cash advantage, with nearly $100 million in the bank at the end of June.

“We have developed a strategy — a very aggressive strategy — that will only work if our millions of supporters continue to contribute their time and their money,” Plouffe wrote.

Story continues below this ad

Some political analysts had questioned whether Obama’s fundraising ability had ebbed, since his monthly numbers had been dropping.

But last week a top aide refuted a Wall Street Journal article that quoted people close to the Obama campaign as saying his total contributions in June would likely be just over $30 million.

Obama has smashed all records for fundraising during the long presidential campaign, partly because of his success in using the Internet to bring in contributions from small donors.

He has said he would bypass the public financing system, rejecting $84 million in public funds and the accompanying limits on spending.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement