The Big Picture: Obama, Dems Likely To Vastly Outpace Republicans In Fundraising

[Hope And Change]

The Big Picture: Obama, Dems Likely To Vastly Outpace Republicans In Fundraising

By http://tpmelectioncentral.talkingpointsmemo.com/profile/Greg%20Sargent%20and%20Eric%20Kleefeld">Greg Sargent and Eric Kleefeld and Eric Kleefeld - July 18, 2008, 12:10PM

We now know that the Obama campaign and the DNC had a very good fundraising month for June, banking a total of $92 million in cash on hand -- putting them very close to the $102 million that John McCain and the GOP have between them.

But the more important long-term question is this: Which team is now raising money at a faster rate? What does the overall picture tell us about what things will look like later this fall?

We took a close look at the last six months of numbers, and here's our conclusion: Though the GOP got a big, big head start in fundraising while the Dems were still duking it out, the June fundraising numbers leave little doubt that the Dems are on track to vastly outpace the Republicans -- meaning the Dem team is almost certain to overtake the collective Republican machine in cash on hand by as soon as next month.

According to a McCain campaign conference call last week, the collective cash on hand of the McCain campaign, the RNC and state campaign committees adds up to $102 million as of the end of June.

On the Dem side, June brought Obama to a total cash on hand of $72 million, and the DNC at $20 million -- putting them at a total of $92 million.

So for starters, the McCain/GOP money advantage is already pretty small, given that they had months to get rolling.


http://tpmelectioncentral.talkingpointsmemo.com/2008/07/cash_on_hand.php#more">Read the entire article here

[Spazito]

1. The article makes an excellent point....

it took the repubs/mcsame months to build up to 102 million and, given the Dems/Obama have only really had the month of June free of the primary race, it only took one month for the Dems/Obama to almost tie them in the amount raised.

This speaks volumes about what is to come, imo, and it is all good!

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