Obama Raised $51 Million in July
Democratic Candidate's Monthly Total Is Nearly Double That of His GOP Rival
By Matthew Mosk
Washington Post Staff Writer
Sunday, August 17, 2008
Despite leaving the country for more than a week, Sen. Barack Obama raised more than $51 million in July, keeping him in line to collect more than half a billion dollars for his 2008 presidential bid.
The showing, almost double what presumptive Republican nominee John McCain raised in the same month, was fresh evidence that Obama has maintained his record-setting pace after a contentious primary contest with Sen. Hillary Rodham Clinton (D-N.Y.). It was also part of a larger trend in which Democratic candidates and party committees have been able to close the fundraising gap with their Republican counterparts.
Based on the figures the Obama campaign made public yesterday, the senator from Illinois has now raised about $400 million in his campaign for the White House, and his top aides believe funds could come in at an even faster rate when voters are paying closer attention to the contest in September and October. McCain's campaign announced Friday that the senator from Arizona raised $27 million in July, bringing his total to just over $170 million for the campaign to date.
During the 2004 primaries, by comparison, President Bush raised $258 million during the 2004 primary campaign, while Sen. John F. Kerry (D-Mass.) raised $215 million before formally accepting the Democratic nomination. Obama's July figure represents the third-highest monthly fundraising total in history. His high-water mark came in February, when he raised $55 million.
While contributions flowing into Obama's campaign through the Internet have been credited with much of his fundraising success, he has also engaged in an aggressive courtship of the nation's wealthy elite. He now has at least 35 bundlers who have each raised more than $500,000 for his campaign.
(Continued here.)
By Matthew Mosk
Washington Post Staff Writer
Sunday, August 17, 2008
Despite leaving the country for more than a week, Sen. Barack Obama raised more than $51 million in July, keeping him in line to collect more than half a billion dollars for his 2008 presidential bid.
The showing, almost double what presumptive Republican nominee John McCain raised in the same month, was fresh evidence that Obama has maintained his record-setting pace after a contentious primary contest with Sen. Hillary Rodham Clinton (D-N.Y.). It was also part of a larger trend in which Democratic candidates and party committees have been able to close the fundraising gap with their Republican counterparts.
Based on the figures the Obama campaign made public yesterday, the senator from Illinois has now raised about $400 million in his campaign for the White House, and his top aides believe funds could come in at an even faster rate when voters are paying closer attention to the contest in September and October. McCain's campaign announced Friday that the senator from Arizona raised $27 million in July, bringing his total to just over $170 million for the campaign to date.
During the 2004 primaries, by comparison, President Bush raised $258 million during the 2004 primary campaign, while Sen. John F. Kerry (D-Mass.) raised $215 million before formally accepting the Democratic nomination. Obama's July figure represents the third-highest monthly fundraising total in history. His high-water mark came in February, when he raised $55 million.
While contributions flowing into Obama's campaign through the Internet have been credited with much of his fundraising success, he has also engaged in an aggressive courtship of the nation's wealthy elite. He now has at least 35 bundlers who have each raised more than $500,000 for his campaign.
(Continued here.)
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