$25 Million On One Day

Many in the media seemed to be reveling in the apparent buzz that Barack Obama was going to report a disappointing June fundraising haul, insistent, it seemed, on perpetuating their narrative that the "risk" of his opting out of public financing would not pay off. It was not to be, however, as the Obama campaign announced it had raised a solid $54 million in June, although lost in the shuffle was this astounding figure:

After locking up his party's presidential nomination, Barack Obama's fundraising operation came roaring back to life in June, generating more than a million dollars on five days, including a whopping $25 million that came in on the last day of the month.

His one-day haul represents nearly half of his monthly total and more than Republican rival John McCain generated for the entire month. During the month, McCain did not have a single day in which he raised a million dollars.

John McCain raised just $22 million all month and the candidates' hauls resulted in $72 million cash on hand for Obama and $27 million for McCain. Now, this is not an invitation to complacency considering the RNC has $69 million CoH, but rather a sign of the sorts of numbers we can generate when called upon to step up, something we're going to need to do month after month if we're going to not only make sure Obama has a warchest to go up against the well-funded Republican machine but also push back on a media environment that seems to still consider the reporting of good news for the Democrat as a liberal bias that needs to be balanced out.

Tags: 2008 Presidential election, Barack Obama, John McCain, june fundraising (all tags)

Comments

19 Comments

Re: $25 Million On One Day

This is just politico doing some bad reporting. The 25 million is just a bundle of small (<$200) donations that get filed on the last day of the month.

by verbatim 2008-07-21 07:29AM | 0 recs
Re: $25 Million On One Day

You're probably right.  If Obama did manage to raise 24 mil + in one day his campaign would be playing it up like gangbusters.

However, let's not let it get lost in the shuffle that raising 25 million from small donors in a month is nothing to sneeze at.

by tlhwraith 2008-07-21 07:41AM | 0 recs
Yep

and if we remember, this same practices is what caused all the confusion about HRC actually raising 10ish in one day in May- many contributions were reported on the last day of the month, throwing off numbers for individual days.

by linc 2008-07-21 07:46AM | 0 recs
Re: $25 Million On One Day

If that's true (and I believe you), then that's a big load off my mind. Raising that much money in one day seemed like an awfully shady maneuver. But if they were just including the last week or so, that was when they were offering the magnet and t-shirt, so it only makes sense that they'd get a moneybomb.

by vcalzone 2008-07-21 08:07AM | 0 recs
Re: $25 Million On One Day

"a whopping $25 million that came in on the last day of the month. "

lol, these 'reporters' are easy pickins.

by Jerome Armstrong 2008-07-21 09:12AM | 0 recs
Re: $25 Million On One Day

"...a media environment that seems to still consider the reporting of good news for the Democrat as a liberal bias that needs to be balanced out."

This is a great point. Not everything NEEDS to have two sides. Sometimes there's right and wrong. The right has instituted this idea that we need to hear "both sides" on things like global warming, evolution, etc." It's a bunch of baloney, but I'm not sure how having more money will help Obama get past this news standard of "balance" in reporting.

by Jeff Rosenberg 2008-07-21 07:39AM | 0 recs
Re: $25 Million On One Day

the money, I imagine, will be really useful come October.  He'll be able to saturate media markets with advertising, something that his campaign still has control over and could be a counter-balance to all the "balanced" MSM reporting.

by tlhwraith 2008-07-21 07:42AM | 0 recs
Re: $25 Million On One Day

I think he'll have enough money to saturate the airwaves and he seems to be able to have good quick rapid response to GOP attacks on the news.

by SocialDem 2008-07-21 08:31AM | 0 recs
Re: $25 Million On One Day

I really hate the commericals.  I think the money is better spent getting out the vote on the ground and organizing fundraisers/rallies on the local level.  It seems to me that at this point in the game if anyone is deciding their vote in October based on a commercial they see they are in the minority.  

by JustJennifer 2008-07-21 08:55AM | 0 recs
Re: $25 Million On One Day
I've always wondered the same thing:
  1. Who is making up their minds based on these commercials?
  2. After saturating the airwaves for a month, do you eventually start to LOSE votes?
by Jeff Rosenberg 2008-07-21 09:26AM | 0 recs
Re: $25 Million On One Day

I find it hard to understand myself but if you look at the exit polls, a significant percentage of people make up their minds in the last week and last three days before the election.   That percentage is generally greater than the margin of victory.

So campaigns spend more and more money to convince fewer and fewer people as time goes on.  And, paradoxically, many elections are decided by the least politically engaged, least informed, and least partisan.   Go figure.

by InigoMontoya 2008-07-21 09:35AM | 0 recs
Re: $25 Million On One Day
Don't know what State you are in...they are in all 50..
I can assure you there are Obama offices up and running...
by nogo postal 2008-07-21 10:59AM | 0 recs
Re: $25 Million On One Day

I'm pretty sure that that number isn't accurate, as has been noted by several people here and on other blogs.  That doesn't take away from a generally successful fundraising month, though.

by rfahey22 2008-07-21 07:50AM | 0 recs
Re: $25 Million On One Day

Speaking of successful fundraising... I need to donate to Obama this month.  He pissed me off with FISA but he's winning me back with Iraq and Afghanistan.

by Homebrewer 2008-07-21 08:48AM | 0 recs
He's winning you back with a political junket?

Go Middle East photo op!  Woohoo!  And even the 3 network anchors feel like tagging along - wowie must be some trip.  

Doesn't it make you nervous when the media start acting like lapdogs, no matter what or who the subject?  We're likely to get stories like 'Obama gets sand in hair' or 'Obama smiles at crowd of soldiers.'

Well, I guess that's a worthwhile trade off for the 4th Amendment, yeah.

by lizpolaris 2008-07-21 10:18AM | 0 recs
Re: $25 Million On One Day

Was this a calculated Money bomb by the Obama compaign? Seems that way to me. What a coup, they humiliate the Murdererock wall st. Journal and then overwhelm the Media and the McInsane paultry 22 Mil with a 1 day surge. It's nice to know how to stick it to those clowns for a change.

by eddieb 2008-07-21 09:32AM | 0 recs
Re: $25 Million On One Day

Many Folks still do not have a clue.
The Obama Campaign is deeper than anything in our history of politics....

tap yer toes..
http://www.youtube.com/watch?v=mbYxJ-qOz dw

by nogo postal 2008-07-21 11:03AM | 0 recs
Re: $25 Million On One Day

well now, in all fairness if he raised $25 million on the last day then the media had every reason b4 that day to think that Obama would raise a very small amount for the month of June, $27 million being small for Obama.  Am I missing something?

by goodleh 2008-07-21 01:17PM | 0 recs
Re: $25 Million On One Day

What the first commenter said... This "reporter" has no clue what they're doing, and Politico was too stupid to realize it.  This is just the accumulation of all sub-$200 donations piled into 1 day.  It's still an impressive number (the fact that small donations made up more than McCain's entire haul), but this did not happen in 1 day.

by leshrac55 2008-07-21 01:51PM | 0 recs

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