Big Donors Drive Obama's Money Edge
By Matthew Mosk and Sarah Cohen
Washington Post Staff Writers
Wednesday, October 22, 2008
The record-shattering $150 million in donations that Sen. Barack Obama raised in September represents only part of the financial advantage the Democratic nominee has amassed entering the final weeks of the presidential contest, newly released campaign finance records show.
Obama and the Democratic Party committees supporting his campaign had $164 million remaining in their collective accounts entering the campaign's final full month, compared with $132 million available for Sen. John McCain and the Republican Party.
The advantage is compounded by Obama's ability to continue to raise money through the election because he decided not to participate in the federal financing program. McCain opted in, meaning he received $84.1 million in federal funds to spend between the Republican National Convention and Nov. 4, and he must rely solely on the Republican National Committee for additional financial support.
Behind Obama's staggering fundraising numbers, compiled on more than 80,000 pages filed with the Federal Election Commission late Monday, are signs that it was far more than just a surge of Internet donors that fueled a coordinated Democratic effort to try to swamp McCain.
(Continued here.)
Washington Post Staff Writers
Wednesday, October 22, 2008
The record-shattering $150 million in donations that Sen. Barack Obama raised in September represents only part of the financial advantage the Democratic nominee has amassed entering the final weeks of the presidential contest, newly released campaign finance records show.
Obama and the Democratic Party committees supporting his campaign had $164 million remaining in their collective accounts entering the campaign's final full month, compared with $132 million available for Sen. John McCain and the Republican Party.
The advantage is compounded by Obama's ability to continue to raise money through the election because he decided not to participate in the federal financing program. McCain opted in, meaning he received $84.1 million in federal funds to spend between the Republican National Convention and Nov. 4, and he must rely solely on the Republican National Committee for additional financial support.
Behind Obama's staggering fundraising numbers, compiled on more than 80,000 pages filed with the Federal Election Commission late Monday, are signs that it was far more than just a surge of Internet donors that fueled a coordinated Democratic effort to try to swamp McCain.
(Continued here.)
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