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Obama Camp: "Almost All" Of $40 Million Raised In March Is For Primary

An Obama campaign aide confirms to me that "almost all" the $40 million raised last month is for use in the primary.

No such estimate from the Hillary campaign yet, and neither campaign has given out an official primary-general breakdown -- expect them when they file in two weeks.

Either way, this reminds us again what a tremendous financial advantage Obama has heading into the race's final stretch.


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Seems like Hillary tends to set more aside for General than Obama does. Not sure why, though.

Er... you know how this works, right? Money raised now is for the primary unless and until a donor tops out at the maximum ($2300) donation to a primary campaign.

Anything that donor gives beyond $2300 goes to the general election campaign (until the donor reaches $4600 - then no more donations can be accepted from that donor).

So Hillary isn't "setting aside" anything by choice. The reality is that many of her donors have "maxed out" for the primary, so any additional funds they give can't be used by her campaign unless and until she wins the nomination. If she loses, all the GE donations have to be returned to the donors.

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Thanks for the clarification. I thought GE donations were specifically sought by campaigns. I don't still get why donors can't wait until the actual GE for that, especially when their candidate is likely not even going to make it to the GE.

I thought GE donations were specifically sought by campaigns. I don't still get why donors can't wait until the actual GE for that, especially when their candidate is likely not even going to make it to the GE.

She needs the money *now* so that it gets included in the fundraising totals - making her seem more viable than she really is, which is the the only way she is going to be able to raise more *primary* money in order to either: A) compete for the nomination, or B) retire her debt.

That money is eventually going to be given back to the donors, because she won't be running in the GE, and I'm sure many of those donating to the GE know that: you could look at a GE donation as a loan to her primary campaign. Or as a low-odds, high-payout gamble with no risk - like buying a lottery ticket knowing that you'll get a refund if your numbers aren't drawn.

It's not what she sets aside. When a donor reaches the limit for the primary any further money they donate can only be used for the general. While she may still be taking in money, some of the people that are donating are already maxed out in what they can give for the primary.

It's not by choice. She relies on relatively few donors; most of them have already given her primary campaign as much as they are allowed to by law. She can continue to raise money from them for the general election campaign (until they've maxed out there too) and that serves to inflate her overall monthly fundraising totals but doesn't actually give her any money to spend.

So, no, it has nothing to do with frugality or planning ahead or anything like that.

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Ok, this is great news - FOR HILLARY!

LOL!

So I take he has more in his war chest for the general. Good. I don't see any reports that he's in debt and Clinton is in debt all over the place.


yes!!

Does the Clinton campaign subtract the checks they're bouncing from their totals?

Isn't it because so many of her fatcats have maxed out on what they can legally donate to her primary campaign, and to stay on the Clinton Family Gravy Train, they have to keep giving for her (ahem) general-election campaign?

Obama is outspending Hillary 5 to 1 on TV ads in Pennsylvania. However way outspending McCain didn't give Romney victory. And I believe Obama outspent Hillary between 2 and 3 to 1 in Texas, and she still won the popular vote by 4 points. We'll see how it goes in Pa.

He outspent her in TX, and yes she won (the primary, not the delegates), but his fundraising allowed him to close the gap significantly. She was up nearly 20 points in TX three weeks before the primacaucus there. So though you may like to point out that Obama lost despite outspending Clinton, you can't ignore that he made it close.

Which with his lead in both delegates and in the popular vote count, is all he needs to do in PA. If he makes it close, she can't catch up in the end.

Gee thanks Otto. Glad to see you finally learned a new note. In case you haven't noticed. Mitt Romney used his own money, and was not popular. Senator Obama is so popular that he is raising record amounts based on small donations, and has won the most delegates, votes and states. Try another note, lad. See if you can finally hit one that is not sour.

Let's say there's a contest in the US to determine which is the best Root Beer. The final two contenders are A&W (which everyone has pretty much heard of) and Sprecher's (which is well-known in the state it comes from, but less well-known in other states).

Wouldn't you think the root beer with less name recognition would *have* to spend more money (Sprecher's) while the root beer with more name recognition could coast along without needing to spend as much on advertising (A&W)?

Now, replace Sprechers with Obama and A&W with Clinton, and the analogy fits pretty well.

Yep, costs a lot of money to overcome that Clinton brand recognition.

Just as I expected. I already gave again today!

Seems like Hillary tends to set more aside for General than Obama does. Not sure why, though.

I don't believe this is a matter of choice. When an individual donor has given $2300 during the primary, any donations beyond that must go to the general (till the $2300 limit is reached again).

This what's meant by talk of Hillary's donor's being "maxed-out" early in the campaign; she has less donors who give more money individually (at the beginning of the primary) than Obama's donors.

I'm a neophyte on campaign funding - if the primary ends tomorrow, what happens to all of the money? Can he just use it on the general election? I realize there must be some other step there or else everyone would just set their money aside for the primary and use the left-overs for the general.

The primary technically doesn't end until someone becomes the nominee - and that doesn't happen until the Convention.

Thus, if Hillary dropped out today, Obama would/could still be using primary funds for any campaign activities prior to the convention.

THIS IS EXCELLENT NEWS!! FOR HILLARY!!!

!!!HILLMENTUMâ„¢!!!!

Ah, never mind on my comment...just got answered by other posters.

Actually I'm not sure your question did get answered.

If the primary ends tomorrow, then Hillary's General Election money goes back to the donors.

But that isn't what I think you asked. I think your question is, if the primary ends tomorrow, what happens to Obama's *primary* money. I think the answer is he can just go ahead and use it in the General. But I'm not sure.

Assuming that's the case, I have a related question. Let's say I haven't donated yet, and today I send him $2300. As I understand it, all of that's available for the primaries. Now tomorrow Hillary drops out (I wish :P). Since he hasn't used any of my $2300 yet, is he free to use it in the general? And since I donated during the primary season, can I still donate another $2300, effectively donating $4600 for the general??

This stuff is certainly plenty confusing!!!

Many of her donors are maxed out on what they could give for the primary, so any thing they give about the limit has to go into the general election fund.

She also had planned on winning it all on Super Tuesday, despite the fact that she now pretends to champion letting all the voters have their say. If she had accomplished what she set out to do, and had locked up the nomination on Super Tuesday, Hillary would not now give a rat's arse about all the remaining states having their say.

Money definitely isn't everything. But it helps.

Note one important difference here -- TIME. Obama had only, really, about a week and a half to focus his energies on 2 big states in advance of OH and TX. And he narrowed big leads in that time, and was able to organize well enough to sweep the TX caucuses and take an overall win.

Now, he'll have effectively up to 7 weeks to focus on PA, and we can already see how that's going.

Not saying he'll win it -- PA seems almost uniquely designed to highlight his demographic weaknesses. So he may fail to catch up. But the data coming over the wires these days strongly suggests that Clinton won't have the big blowout she needs.

We must not overlook the fact that Obama has generated so much enthusiasm within the Democratic electorate that people who had never donated as much as a dollar to a campaign are giving for the first, second, third times. And these aren't just grass/netroots/activists sorts; they're college kids, working class folks, the African-American community. This is not only good for Obama, but also all the down-ticket campaigns...an entire new class of donors that can be tapped.

WaPo reports

"Sen. Robert P. Casey Jr. (D-Pa.), an Obama supporter, said he was shocked when he learned Obama attended just one fundraiser in February. Casey, by contrast, attended 450 fundraisers during his 2006 Senate campaign."

"Even Clinton's most energetic boosters expressed exhaustion by the call to raise more money. "I'll tell you, after a year of doing this, it's like asking me to run a half-marathon after I've run a marathon," said Mark A. Aronchick, a co-chairman of Clinton's Pennsylvania campaign, who is organizing five fundraisers over the next eight days."

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/03/AR2008040300407_pf.html

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I found this on answers.yahoo:

What happens to any unused presidential campaign funds after candidate has been selected ?
Assuming, of course, that any is left.


As a candidate receives a contribution from donors,
the donor can specify the use of it.
He/She can say the donation is for the primary/caucus
or
it's for the general election.

In case, a candidate drops out before the general election,
the candidate is required by law to return the donations reserved for the general election.

However, the candidate has choice in regard to the money reserved for the primary/caucus. Any money left over after the candidate pays debts and other obligations could be given to charity or the candidate's Party, or used to seed a PAC. However, he/she is prohibited to use it for his/her own use.

To illustrate,
If Hillary Clinton were to drop out before the general election cycle begins, she has to return all the donations given to her for the general election. According to the latest FEC filing, she received $ 138.05 millions of which $ 20.49 millions are for the general election. The total figure $ 138.05 includes the contributions by donors as well as loans and transfers).
So, by law she is required to return $ 20.49 to her donors.

Now, let's look at the money collected for the primary.
At the end of January, Hillary's campaign had the debt of $ 7.6 millions and the loan of $ 5 millions. The lastest FEC filing shows that she spent $109 millions. Presumably if any money is left after the calculation {**$ 8.56 millions (138.05 - 20.49-109) minus the debt and loan of $ 12.6millions (7.6+5) = - $ 4.4illions.}, she may choose to give it to charity, to the Dem. Party, or to seed a PAC. But she may not use it for her own.

(answer from 1 month ago)


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I have a question:

Obama ended February with about $30 million remaining. Hillary ended up close being in the red. If he raised another $40 million to her $20 million in March isn't Obama sitting on a mountain of cash?

depends on how much each one of them spent, iam willing to bet though he ended up with more then 30 million on hand and she ended up with less then 5million after taking dept into account.

I dont think Hillary's debt really matters, and should not be factored into to her cash on hand.


HRC campaign is going to forgo paying as many bills as possible and spend money on media buys with any and all cash on hand.

Here's a question: We all know campaign finance laws limit contributions to $2,300 each for the primary and general election campaigns. So why does Clinton adviser Lanny Davis get to give his candidate $5,000, or $400 over the legally allowed max?

I noticed this is the campaign finance tracker on the Washington Post site. Apparently, Davis made two $2,300 contributions on January 26, 2007, which would have been right after Hillary announced her candidacy. But there was another $400 contribution made on February 26, 2008. All three payments are listed as contributions to Hillary Rodham Clinton. She had just won reelection to the senate, so she wouldn't need to raise money for that.

Here's a link to the WashPost site: http://projects.washingtonpost.com/2008-presidential-candidates/finance/search/?last_name=davis+&first_name=lanny&employer=&occupation=&zipcode=&recipient=&date_from_year=2007&date_from_month=1&date_from_day=1&date_to_year=2008&date_to_month=3&date_to_day=1&at_least=&up_to=

Maybe he was one of those folks who had their credit cards dinged twice by the Clinton campaign?

I recall there was someone who made a public stink about how the Clinton campaign was dragging its feet resolving the unauthorized (and illegal, since it put that donor over the limit) credit card charges. The campaign, in the course of apologizing, mentioned that others had been similarly double-charged.

Go Sprecher! Yes We Can (have yummy root beer floats!)!!

Exactly. I mean, A&W is competent root beer and will do in a pinch, but Sprecher's is so much better. It's like, what root beer used to be like and should be like before it got all mainstream and stuff.

How much of the money was from scumbags like the slumlord Rezco I woonder?

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