Obama fundraising drops as McCain's cash dwindles

[Douglas Carpenter]

Obama fundraising drops as McCain's cash dwindles

http://news.yahoo.com/s/ap/20081024/ap_on_el_pr/campaign_money

"WASHINGTON – Barack Obama and John McCain enter the final days of the presidential campaign amid dwindling reserves, with Obama hindered by a sudden drop in fundraising and McCain restrained by spending limits.

Obama, the Democratic nominee, spent more than $105 million during the first two weeks of October, according to new campaign finance reports. He reported raising only $36 million for his campaign during that period, about half the fundraising pace he enjoyed in September.

The Illinois senator shattered records and dumbfounded Republicans and Democrats by raising $150 million in September. Obama could still do better in October. His more recent report showed he had taken no share from a joint Obama-Democratic Party victory fund that raised about $27 million during the same October period.

But with the election 11 days away, both Obama and McCain, the Republican nominee, are operating with diminishing funds.

Obama had nearly $66 million in the bank at the end of the two week period and debts of about $2.3 million. The Democratic National Committee and the joint victory fund reported combined cash on hand of $31 million."

http://news.yahoo.com/s/ap/20081024/ap_on_el_pr/campaign_money

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http://my.barackobama.com/page/outreach/view/main/du

If you are a U.S. Citizen living abroad and do not have a U.S. based credit card with a U.S. address - you can still donate through ACT BLUE!!

http://www.actblue.com/entity/fundraisers/16332

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[RollWithIt]

1. Only 36 million in 2 weeks? The sky is falling!

You know you've raised a lot of money when over 2 million dollars a day is "dropping."

[Pirate Smile]

17. It would be the record monthly amount (doubled for a month = $72 million) other then

the insane $150 million in September.

It is funny that $36 million in two weeks is treated like a huge failure.

[ComtesseDeSpair]

2. I donated again last night

[SmokingJacket]

3. We're pretty much sucked dry, though.

70 million should be enough to get him through the last couple weeks, doncha think?

[Ozma]

4. Please don't flame me, but WHY does Obama's campaign need more $?

At this late date in the campaign, He reportedly still has over 100 million in cash. What possibly could he do with so few days left?
I am just asking before I donate again . I want to donate to a worthy purpose.

[Captain Hilts]

6. Exactly. nt

[Captain Hilts]

7. Duplicate.

[Left Is Write]

8. Donate to local races in your state, or -

if you are so inclined, may I suggest Al Franken (running for Senator in MN against incumbent Norm Coleman) or Walt Minnick (running for Congress against incumbent Bill Sali in ID)?

Walt Minnick has a real chance of defeating Sali in Idaho, because Sali has alienated many of the moderate Republicans in the state. Any little bit to help Walt cross the finish line ahead of Sali would be much appreciated.

[demokatgurrl]

12. I have donated to a few down-ticket Dems too

Franken, McConnell's opponent, Bachman's opponent, and our local candidates. But I'll probably make one last one to Obama today.

[endthewar]

10. Obama "spent more than $105 million during the first two weeks of October"

and had $66 million on hand at the end of the two week period. Seems like if he wants to match his early October spending he will need more money. The polls don't move themselves you know.

[Lochloosa]

13. It's called Coattails. The better Obama does the better the downstream candidates do.

[Captain Hilts]

27. Why bet on trickle down? Directly help senate/house candidates. nt

[democrattotheend]

16. He doesn't have $100 million on hand now

That was as of two weeks ago. Apparently now he has about $66 million, and the DNC has about $30 million. McCain and the RNC combined have $84 million left. So they have almost as much as we do for the final two weeks.

[Douglas Carpenter]

19. exactly!! We need a shock and awe campaign

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http://my.barackobama.com/page/outreach/view/main/du

If you are a U.S. Citizen living abroad and do not have a U.S. based credit card with a U.S. address - you can still donate through ACT BLUE!!

http://www.actblue.com/entity/fundraisers/16332

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[jberryhill]

18. I'm thinking, "On Nov. 5th, do I want to wake up wondering if I did enough." /nt

[Captain Hilts]

5. Obama doesn't need any more money - give to the House/Senate campaigns.

We've got Liddy Dole on the run and Mitch McConnell in the race of his life.

[endthewar]

9. And while we're at it, let's stop volunteering and knocking on doors

Now is not the time to rest. A good presidential campaign will help the downticket Dems.

[Captain Hilts]

26. Not comparable. I am volunteering. nt

[Phredicles]

11. Or, if you're in CA, give to No on 8.

[EnviroBat]

14. It's killing me, but I just spent the last of my monthly paycheck

on medications. I've got a week until payday, and I can't even afford $25.00 to donate. I wish I could, but this last week of the month is always the leanest for me...

[Douglas Carpenter]

15. we ABSOLUTELY NEED to be absolutely sure of victory and we NEED a landslide !!

To those who cannot afford to donate. That is very understandable, especially these days.

To those who feel it is more vital to donate to other Democratic campaigns instead. That is also very understandable.

Some might feel they can afford to do a bit of both.

To those who feel they can donate just a bit more to Sen. Obama's campaign --- well that is just great!!

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http://my.barackobama.com/page/outreach/view/main/du

If you are a U.S. Citizen living abroad and do not have a U.S. based credit card with a U.S. address - you can still donate through ACT BLUE!!

http://www.actblue.com/entity/fundraisers/16332

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[Sorceress]

20. I know I am going to get slaughtered for this but...

I have to agree with some of the posters upthread. I am not going to get bent out of shape about the drop in fundraising. I think Obama is sitting fairly pretty right now. I think we have done a fantastic job and for those who want to continue, that's great, but I am not experiencing any panic about the decrease. The campaign will be fine.

[Douglas Carpenter]

21. slaughtered? Not at all!!

It is perfectly understandable that some might not feel inclined to donate at this time. It is certainly understandable that some simply cannot afford to or have other campaigns that they are focused on. But for others this might offer one more opportunity for a final push toward toward victory while heading into the home stretch.
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http://my.barackobama.com/page/outreach/view/main/du

If you are a U.S. Citizen living abroad and do not have a U.S. based credit card with a U.S. address - you can still donate through ACT BLUE!!

http://www.actblue.com/entity/fundraisers/16332

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[progressivebydesign]

22. There's always a rush to get the negative AP stuff on DU. Totals are NEVER final til after EOM...

the totals are not solidly reported till after the end of the month. WHy are people posting this shit? AP and their 1% poll the other day should tell you what you need to know.

[Douglas Carpenter]

23. I am posting this to encourage people to consider making one last donation to the Obama campaign

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http://my.barackobama.com/page/outreach/view/main/du

If you are a U.S. Citizen living abroad and do not have a U.S. based credit card with a U.S. address - you can still donate through ACT BLUE!!

http://www.actblue.com/entity/fundraisers/16332

.

..

[Douglas Carpenter]

29. /

[nuncvendetta]

24. I had given $55 yesterday and was feeling a bit guilty

...given that Obama seemed flush with cash after the September haul. I felt guilty and was second-guessing myself. But after this report, I'm sure glad I did.

[caraher]

25. The fundraising should wind down anyway

The big ticket item in this campaign is ad time, and I think it's getting too late to reserve much more air time before election day (at least according to some articles I've read about McCain, saying it's too late for a 527 with deep-pockets to emerge and buy media in time to matter).

The focus now has to be the ground game, and that's about volunteers more than fundraising

[grantcart]

28. an expert on NPR yesterday said that there are no more ads to buy

in battleground states and that Obama had resorted to buying in close by major media states for cross border bleeding - buying in Chicago for northwest Indiana and Boston for NH.

It is staggering beyond staggering.


The ground game is unbelievable as the early voting is showing.

[caraher]

30. Truly marvelous to behold...

nothing's in the bag before November 5, but it is all awfully impressive!