Obama fundraising dropped 'precipitously' in May

[Regis Philbin]

Maybe Barry will wish he took that public funding---LIKE HE PROMISED HE WOULD!!!

Ya know what this tells me? This tells me a lot of that money Barry was raking in during the primary was coming from anti-Clinton people and not necessarily(sp?) Obama supporters. Now, I'm just a knuckle-dragging Conservative, but that's how I see it.

Yeah, some of that "Messiah" crap is starting to wear off... :]


http://news.yahoo.com/s/cq/20080621/pl_cq_politics/politics2902847

McCain Fundraising Up in May, Obama's Drops But Still Ahead

By Emily Cadei, CQ Staff

Sat Jun 21, 12:18 PM ET

For one month, Barack Obama did not have the big fundraising edge over John McCain that he has enjoyed through most of the election season. But the Illinois Democrat continued to outraise his GOP foe.

New financial reports, coming on the heels of Obama's decision to opt out of public funding for the general election, revealed that as McCain's fundraising continued to climb, Obama's dropped precipitously in May.

The presumed Democratic nominee outraised McCain by less than $2 million last month. It was McCain's best fundraising month of the campaign, with $21.8 million in receipts. Obama, in contrast, had his worst month of 2008, raising $23.3 million.

Even better for McCain, who sewed up the Republican nomination in March, he limited his spending to $11.7 million. The Obama campaign, meanwhile, doled out more than twice that -- $26.8 million -- as it fought off a last-gasp challenge from Hillary Rodham Clinton in the waning days of the Democratic primary season.

[LesterX]

Gee, Regis, do ya think that maybe, just maybe, the Obama camp knew exactly how much $ they raised during May before you managed to read about it weeks later, no doubt after Rush linked you to an article? And yet, they still chose to decline public funding, which tells me that they're pretty confident about their fundraising abilities. The amount raised in June, after he became the presumptive nominee, will be far more telling.


Leading Democratic fundraisers predict that Sen. Barack Obama (D-Ill.) will raise hundreds of millions of dollars over the next few months if he opts out of public financing and begins raising money for the general election.

Specifically, they say Obama could raise $100 million in June and could attract 2.5 million to 3 million new donors to his campaign.

These fundraisers say Obama could increase his fundraising dramatically because of three factors: a boost of enthusiasm among Obama donors following his clinching of the nomination; the migration of Sen. Hillary Rodham Clinton’s (D-N.Y.) donors to his camp; and the mobilization of big Democratic donors who have given little so far this year.

Record-breaking projections give Obama strong incentive to pass up $85 million in public funds that his opponent, Sen. John McCain (R-Ariz.), has said he would accept.
...


http://thehill.com/campaign-2008/obama-could-raise-100-million-in-june-fundraisers-say-2008-06-09.html

[pinky]

It was McCain's best fundraising month of the campaign, with $21.8 million in receipts. Obama, in contrast, had his worst month of 2008, raising $23.3 million.We all pretty much understand that you don't read entire articles that you link, but do you even read what you bold and underline?

McCain's BEST month was $1.5 million less than Obama's WORST, and you think that's good news for McCain?

Oh, wait, I said "you" and "think" in the same sentence. I can't do that when I'm talking to you, Regis.

[db44]

Or maybe, people who actually follow the politics and were putting money forward, know the fight was really not for the presidency, but the nomination?

[LesterX]

Ya know what this tells me? This tells me a lot of that money Barry was raking in during the primary was coming from anti-Clinton people and not necessarily(sp?) Obama supporters. Now, I'm just a knuckle-dragging Conservative, but that's how I see it.

Yeah, some of that "Messiah" crap is starting to wear off... :]




June:

Obama -- $52 million

McCain -- $22 million

Yeah, that brilliant analysis of yours was spot on, as usual, Regis.

[pinky]

Ah, so McCain's best still hasn't touched Obama's worst.....

[lions1mew]

Well, well, well ... lookie here ...

http://www.jedreport.com/2008/07/mccain-raises-6.html

McCain raises $62.5 million through public finance loophole

Update: After I posted this entry, I found an article by the WSJ's Todd Farnam reporting on the release of these numbers -- good for him, and good for the WSJ.

Here's a story you can say you read first at The Jed Report: according to FEC reports filed on July 15, through June 30, John McCain had raised at $62.5 million in private funds that can be used for his general election campaign -- even though he's already committed to accepting public funding for the general.

Moreover, based on my own analysis, of that $62.5 million, three-quarters -- $46.3 million -- comes from a total of 1,803 wealthy individuals who made five figure contributions averaging $25,664 each.

So not only is John McCain blatantly violating his public financing pledge, but he's doing it in grand style, raising money in increments of up to $70,000 per donor -- more than thirty times the amount a donor can give to Barack Obama's general election campaign.

How is this all possible? How has most of the media missed the story? Allow me to explain.

As you recall, on June 19th, Barack Obama announced that he would forgo the public finance system, electing to raise money directly from his 1.7 million supporters. In explaining his decision, Barack cited two key arguments: one, that John McCain and the RNC were jointly raising millions for the general election from private sources including from PACs and lobbyists and two, 527s would spend millions attacking him during the closing weeks of the campaign.

Now that the July 15 FEC reports have been filed, Barack's first argument has been validated. The jury is still out on the second argument; it cannot be evaluated until the campaign is over or until a major 527 or independent ad effort has materialized, whichever comes first.

Now ain't that interesting?

[DoubleEdgeSword]

Rush counts on the less than stellar intelligence of his listening/viewing public. This post by Regis proves but one thing, Rush is right.