Correction: Clinton Raised Tons and Tons of Money in February and I Can't Read

This is an interesting article on the income and expenditures of the various campaigns. It confirms the totals raised by each of the candidates and illustrates how much more the democrats as a whole are raising than the Republicans. Gives one hope for November no matter the candidate.

Led by Barack Obama, Democratic and Republican presidential contenders -- including the remaining candidates and those who dropped out -- have raised $790 million since the campaign began 14 months ago, campaign finance reports filed Thursday show.

Obama, the freshman Democratic senator from Illinois, reported raising $192.7 million and spending $154.7 million on his campaign through the end of February. He spent $42.7 million in February while competing in more than 30 nominating contests.

Sen. Hillary Rodham Clinton (D-N.Y.) was second in fundraising. She collected $34.6 million in February, pushing her total to $173.8 million. That includes $10 million from her Senate campaign account and a $5-million personal loan. Clinton owes consultants and other vendors an additional $3.7 million.

The presumptive GOP nominee, John McCain, raised $11 million in February, his best month. Overall, the Arizona senator had raised $60.2 million, and spent $49 million through the end of February. McCain paid off much of his debt to consultants and other vendors. An aide to McCain said Thursday that McCain had raised more in the month of March than he did in any three-month period previously.

McCain's campaign stalled last summer when he ran out of money. He said at the time that he would take federal matching funds for the primary season, but he reversed that position after he became the presumptive nominee and money started flowing.

Through the same 14-month period four years earlier, President Bush raised $158 million and Sen. John Kerry $41.4 million for their presidential runs.

Democratic presidential candidates overall, including those who dropped out, raised $461 million and spent $384.7 million, compared with Republicans, who raised $328.8 million and spent $290.8 million.

Also-rans filed reports that reflected how they are unwinding their campaigns:

Former Sen. John Edwards, a Democrat from North Carolina, received $3.06 million in federal matching funds in February, and used it to begin repaying a $9-million loan used to run his campaign. He owed $5.9 million as of Feb. 29. Edwards raised $38.98 million and spent $40.1 million before dropping out of the race in January.

Republican Mitt Romney reported taking out an additional $2 million in loans, pushing the total he put into his own campaign to $44.3 million. Counting the loans, he amassed $110.9 million for his failed campaign and spent $105 million.

Onetime GOP front-runner Rudolph W. Giuliani refunded $3.16 million -- apparently most or all of it money given for the November general election -- to more than 1,400 high-end donors. Under federal law, donors are limited to giving $2,300 for a candidate's primary efforts and $2,300 for the general election.

Giuliani backers receiving $2,300 refunds include William E. Simon Jr., who ran unsuccessfully for California governor in 2002; six members of the Fertitta family, which controls Las Vegas-based Station Casinos; Texas billionaire T. Boone Pickens; and Paul E. Singer, who with others affiliated with his New York hedge fund, Elliott Associates, raised more than $400,000 for Giuliani.

Giuliani raised $64.94 million and spent $56.95 million on his campaign, which ended at the end of January. He captured one delegate in Nevada.

http://www.latimes.com/news/printedition /asection/la-na-money21mar21,1,6702245.s tory

Tags: Barack Obama, Hillary Clinton, Money (all tags)

Comments

43 Comments

Ouch - the media will not be kind

This only enchances the "Say Anything Do Anything" meme that Hillary is already tryin to beat down.

by Pissoff 2008-03-21 07:30AM | 0 recs
Re: Ouch - the media will not be kind

Read my comment below.

I know the Obama camp is trying to throw their own kitchen sink since the Wright thing as exposed his deception but you guys should at least read a story properly

by lori 2008-03-21 07:32AM | 0 recs
Re: Ouch - the media will not be kind

What exactly would Obama's deception be with regard to the Wright issue? He's been incredibly candid with the whole thing.

by Peter Venkman 2008-03-21 07:59AM | 0 recs
Re: Ouch - the media will not be kind

Yet another example of the "Say Anything Do Anything" Obama campaign. Deliberately mis-read a news article and pretend it indicts Clinton. Kinda like trying to smear Bill Clinton with a Wright photo while pretending Wright isn't such a bad guy.

You guys have no integrity.

by souvarine 2008-03-21 07:40AM | 0 recs
Re: Ouch - the media will not be kind

i would wait and see how long it takes the diariest to remedy his/her mistake

by lori 2008-03-21 07:42AM | 0 recs
Re: Ouch - the media will not be kind

deliberately ~

hahaha ~ good one.  you guys are funny sometimes.

by pholkhero 2008-03-21 07:47AM | 0 recs
Re: Ouch - the media will not be kind

Obama has a years long history of the feeding this Republican meme against Hillary and other Democrats.  Did you think it was all an accident?

The man cares for nothing but his own ambition. The Democratic party is merely a vehicle.

by souvarine 2008-03-21 07:52AM | 0 recs
Re: Ouch - the media will not be kind

well, your above comment was regarding the obama campaign, and the diarist, deliberately misreading an article ~ that's a little silly.

and which repub memes is he feeding?  and the dem party is just a vehicle??  have you read his book??  do you know much about what he thinks ~ i think many HRC dems are upset b/c Obama is NOT the dem party of old ~ it's a synthesis of what works in BOTH parties ~ yes, BOTH parties ~ THAT is why he will win in a landslide in november.  he's moving beyond old battles and forging common sense, pragmatic, AMERICAN consensus

by pholkhero 2008-03-21 08:01AM | 0 recs
Re: Ouch - the media will not be kind

No, my comment was in response to pissoff, not the diarist. Note below that I suggested the diarist correct his error.

Obama, from the beginning, has fed the Republican meme that Hillary Clinton will do anything to win. At first I was willing to cut him some slack and assume that he was just engaging in some hardball politics. But when, after his loss in New Hampshire, he began pushing race as an issue and accusing a series of Democratic politicians of using race it became clear to me that he was willing to sacrifice the Democratic party for his own power. He is willing to destroy anyone who is in his way.

by souvarine 2008-03-21 08:22AM | 0 recs
Re: Ouch - the media will not be kind

hillary HAS demonstrated that she will do anything to win; even people on this site cite it as benefit ~ ya know, she's a "fighter."  

i really think this 'sacrifice the dem party' bs is projection.  the one who is in 2nd place with no chance to catch up is more likely the one who is sacrificing the party for her own candidacy.

but we shall see ~ if it turns out that he IS as you claim he is, I would own up to it.  If he is not, i hope you will do the same ~ but, we're winning so I guess i can afford to be magnanimous ;)

by pholkhero 2008-03-21 09:46AM | 0 recs
Re: Ouch - the media will not be kind

Hysterical. Clinton has as much of a practical chance of clinching the dem nomination as Huckabee had of clinching the repub nomination in the days immediately preceding his mathematical elimination.. yet when she refuses to bow out for the good of the party, it's Obama's ambition that is to blame.

by Peter Venkman 2008-03-21 08:11AM | 0 recs
Re: Ouch - the media will not be kind

See my comment below.

by mefck 2008-03-21 07:54AM | 0 recs
Re: Ouch - the media will not be kind

"Kinda like trying to smear Bill Clinton with a Wright photo while pretending Wright isn't such a bad guy."

Nice logic. I suppose you think they're trying to smear LBJ with the other Wright photo, too. It couldn't be that they're trying to show that he really isn't such a bad guy since he hangs out with Presidents and all.

by Peter Venkman 2008-03-21 08:07AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

" She collected $34.6 million in February,"

- What part of that don't you understand.

by lori 2008-03-21 07:30AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

lol. Bad reading. The "total to $173.8 million" is the one to "include $10 million from her Senate campaign account and a $5-million personal loan", not the February fundraising.

by eumc 2008-03-21 07:32AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

How many times can she count the 10+5?   This is shocking in its casual dishonesty of something they knew would come out 20 days later.

by Piuma 2008-03-21 07:33AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

What is shocking is the fact that you fail to read properly before you comment.

It is embarassing.

by lori 2008-03-21 07:34AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

My apologies, I just re-read the body of the piece.  That makes a lot more sense.

by Piuma 2008-03-21 07:34AM | 0 recs
Not quite.

The $10 million transfer and $5 million loan were in previous months. The report is saying those amounts were included in her entire year long total.

by Obama08 2008-03-21 07:33AM | 0 recs
Discrepancy

There is a discrepancy between what the Clinton campaign reported to the press (35m) and what they reported in their offial filing (19.6m).  They will have to explain this.

by ocli 2008-03-21 07:34AM | 0 recs
Re: Discrepancy

Another one.

Read the article properly.

by lori 2008-03-21 07:36AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

Joe @ Americablog blogged on this subject:
http://www.americablog.com/2008/03/clint on-campaign-finished-february-in.html

hi-lites:

Clinton's campaign ended the month with $33.1 million cash on hand. But, that's deceptive. Clinton has been aggressively raising money for the general election, too. As AP notes, $21.7 million is off limits to the primary campaign. That means her cash on hand is really $11.4 million. In addition, the Clinton campaign reports $8.7 million in debt (including $2.5 million to Mark Penn's firm) bringing her number down to $2.7 million if she pays the debts. Subtract the $5 million loan she made to herself and we're talking negative cash balance of -$2.3 million

though i had thought she got paid back from her campaign, but am not sure

by pholkhero 2008-03-21 07:36AM | 0 recs
It raises Serious Questions about Hillary

SERIOUS QUESTIONS!

by Pissoff 2008-03-21 07:37AM | 0 recs
Re: It raises Serious Questions about Hillary

What questions ?

by lori 2008-03-21 07:39AM | 0 recs
Re: It raises Serious Questions about Hillary

SERIOUS ones

by pholkhero 2008-03-21 07:47AM | 0 recs
Re: It raises Serious Questions about Hillary

It doesn't matter - all you have to do is repeat it over and over -

There are SERIOUS QUESTIONS about Hillary.
There are SERIOUS QUESTIONS about Hillary.
There are SERIOUS QUESTIONS about Hillary.
There are SERIOUS QUESTIONS about Hillary.
There are SERIOUS QUESTIONS about Hillary.
There are SERIOUS QUESTIONS about Hillary.

This is the Winger's way. Don't give facts, only say there are Questions.

For Example:

http://firstread.msnbc.msn.com/archive/2 008/02/13/662535.aspx
Mark Penn said. "That raises some serious questions about Sen. Obama."

See how that works?

by Pissoff 2008-03-21 07:56AM | 0 recs
Edwards

This is interesting:


Former Sen. John Edwards, a Democrat from North Carolina, received $3.06 million in federal matching funds in February, and used it to begin repaying a $9-million loan used to run his campaign. He owed $5.9 million as of Feb. 29. Edwards raised $38.98 million and spent $40.1 million before dropping out of the race in January.

Does he get 3 million a month without raising more money?

by Piuma 2008-03-21 07:42AM | 0 recs
Re: Edwards

Are you trying to tarnish Edwards? Why? Because he may endorse Hillary?

by americanincanada 2008-03-21 07:44AM | 0 recs
Re: Edwards

wow ~ that comment's pretty childish.

by pholkhero 2008-03-21 07:48AM | 0 recs
Edwards is a....

See this thread:

http://www.mydd.com/story/2008/3/21/9275 1/2355

and weigh in on Edwards now before he endorses.

This way when he doesn't we can point to the Hypocrits here and tar them.

by Pissoff 2008-03-21 07:58AM | 0 recs
Re: Edwards is a....

This way when he doesn't we can point to the Hypocrits here and tar them.

no, that is childish.

my one victory dance will be BHO's nomination.

by pholkhero 2008-03-21 08:03AM | 0 recs
Re: Clinton Only Raised $

The only question I have is...why isn't Obama aggressively raising money for the general? You know, if he is so sure he is the nominee.

I am also shocked to discover most of his supporters can't read and comprehend at the same time before hitting 'post'.

by americanincanada 2008-03-21 07:43AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

If Hillary drops out she could use her primary money to run for NY governor when the current governor's term ends.  Being governor of NY is like being governor of a small country.  NY is the hub of everything.  Hillary and Bill would be great for NY.  I think that Bill will have to do a lot of fence mending with the AA community, but I think he could repair his historic legacy with AAs if he does.

by Spanky 2008-03-21 07:43AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

Upon re-reading, the sentences "She collected $34.6 million in February, pushing her total to $173.8 million. That includes $10 million from her Senate campaign account and a $5-million personal loan." are written poorly and could reflect the totals or the February receipts.

by mefck 2008-03-21 07:51AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

that sentence is clear to average people.

i don't know how you missed it.

maybe you should change the title of your diary , it is misleading

by lori 2008-03-21 07:54AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

You know, as the diarist, you can make the correction in your diary. And by the way a quick look at Clinton's FEC reports would help you determine what the report actually reflects, if you care about the truth.

by souvarine 2008-03-21 07:56AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

That certainly clarifies it.  I'll correct the diary.

by mefck 2008-03-21 08:03AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

Did you even read the article, or are you being deliberately disingenuous?

by Denny Crane 2008-03-21 07:53AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

It's amazing.  Obama supporters are in such a hurry to post anything that can smear the Clintons, they don't even take the time to understand what they are reading.

Priceless.

by Dave B 2008-03-21 08:06AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

OMG Obama and his supporters are devil worshipping kool-aid drinkers!  Lighten up-it was an honest mistake.  Save your vitriol for something that really matters.

by mefck 2008-03-21 08:09AM | 0 recs
Re: Clinton Only Raised $19.6 Million in February

Like maybe the posters at Kos blaming Clintons for getting into Obama's Passport files?  Keith Olbermann and Howard Fineman too were outraged at the Clintons for this.  I wonder if they feel any shame now?  I think I know the answer to that.  I'll never be able to watch Olbermann and have any trust in what he's telling me again after this.  I'm back in the wilderness looking for a newsperson that I can trust.

by Dave B 2008-03-21 08:44AM | 0 recs
Re: Correction: Clinton Raised Tons and Tons of Mo

I see you changed your diary now.  Good for you, a tip of the hat!

by Dave B 2008-03-21 08:46AM | 0 recs
Re: Correction: Clinton Raised Tons and Tons of Mo

Thanks-there are too many genuine issues to make issues where none exist.

by mefck 2008-03-21 09:03AM | 0 recs

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