Maybe the cheeseball Great Seal of Barack was an attempt to boost fundraising, because Obama barely beat the lowly John McCain in the May numbers.
Obama had his weakest fundraising month of the year, collecting $22 million and ending the month with $43 million cash on hand and $304,000 in debts. But $10 million of his available cash can only be spent in the fall after the party national conventions, leaving $33 million for the summer months. Obama’s decision to bypass the general election’s public finance system allows him to use left over primary money in the fall campaign.
Republican John McCain, who secured his party’s nomination in March, raised $21 million in May and had $31.6 million in the bank. The figures place him virtually on same financial footing as Obama — a level of parity that would have been unimaginable just a few months ago.
The RNC has also been saving its pennies and is crushing the DNC.
The Republican National Committee, however, ended June with 13 times more money in the bank than the Democratic National Committee. The RNC had $53 million cash on hand to the DNC’s $4 million. Both parties are allowed to assist their presidential candidates with coordinated campaigns.
From Open Secrets via Politically Drunk, it seems that McCain is trending up.
On a day-to-day basis, however, McCain is crossing the finish line first more often, at least among larger donors–in April he outraised Obama on 15 days among individuals giving more than $200, compared to only six in January, two in February and nine in March.
While it certainly would be no surprise if Obama’s fundraising juggernaut picked up again, one wonders why he had a low month.
Also, though cash is king in politics, Obama outspent Hillary 3:1 in Pennsylvania, and lost by 10. He outspent her 2:1 on ads in Ohio, and lost. Indeed, Obama outspent Hillary, $75 million to $46 million in the Democrat primaries and the nomination fight was essentially a tie.
Obama is not selling an objectively good product. He is spending millions trying to convince the Eskimos they really need his ice. By the fall, maybe we will see that it is really not ice at all, but millions of jars of snake oil.
Also find Bill Dupray at The Patriot Room
On the news last night an Obama spokesman (or was that the reporter-I couldn’t tell) dismissed that report saying that June’s numbers would be back on track. Maybe, maybe not. The thing is that Obama has never had any real cash-flow problems, and his budgeting shows it. McCain is far more financially disciplined, consistently getting more for the money spent. But really I wonder if some people aren’t starting to have second thoughts about him as the real Obama comes more into focus.
Oshamamassiah the stealth candidate. His closet is full of surprises. Don’t expect the MSM to open the door, the blogisphere must do it.
Obama claims that he is getting his money from “the little guy,” “the guy on he street,” etc. But how does that really work? Well the guy sends in a check for what he or she thinks the candidate is worth. It’s usually a one time thing and the more money given up front, the more likely that is. This may include business people, movie stars and other big money people too. Some have already split their money between Clinton and Obama. Those that want Hillary to run, maybe more likely to help pay off Hillary’s multi-million dollar debt than give to Obama. Obama needs to find new sources of revenue and he may have to dive deep into that “evil” lobbyist pool to get more money.
Oprah and Soros will spare nothing to win this election. They will twist the arms of the Left-leaning elites to cuff up more. Obama will raise and spend a record amount to get 1/2 of America’s vote.
Um….
That statement up there that says the RNC had 53 million and the DNC 4 million at the end of June….
Don’t they mean May ?
June isn’t over yet.
I think it’s downright funny that the RNC has had so much more coming in than the DNC.
He’s going to do this with his newly chosen political director, Patrick Gaspard. Add this gem to his list of “friends”.
Patrick Gaspard chosen as Obama’s new political director
This guy is truly amazing. How is he even in the running for dog catcher?