Report: Obama May Have Raised $30 Million In June
The Obama campaign isn't commenting on this, but The Wall Street Journal reports that Obama may announce that he raised a little over $30 million in June.
That's more than the $22 million McCain raised in June, but the paper nonetheless calls the number "underwhelming." It lists some reasons for the smaller-than-expected haul: The slowness of Hillary's big-money people to get behind Obama and his irking of some on the left, which could be dampening the ardor of his small donor base, among others.
Again, the campaign isn't confirming the number. And I can't vouch for it. But here's the cold, hard math: The Obama campaign wants to raise at least $300 million, and in order to do this he has to haul in an average of at least $50 million a month. If the Journal's number is right, this obviously didn't happen in June.
On the other hand, Obama's fundraisers reportedly expect the money flow to swell into a torrent when the conventions kick off and public attention really focuses on the race.
Late Update: The Obama campaign says the number is "way off the mark."

















Comments (53)
In the long run he'll have enough money to compete. But he won't have the crushing amounts of money needed to swamp McCain and drain him of resources.
This isn't good news.
The only way it is if the $30 million number is for the primaries alone, but if it's for both primaries and general, that's not good.
July 11, 2008 10:00 AM | Reply | Permalink
fucking clinton's big donors. what a bunch of entitled babies. what the hell is bill clinton doing twiddling his thumbs? why isn't he raising money for the dnc?
July 11, 2008 10:09 AM | Reply | Permalink
For the love of god, will you please get over your hate for everything Clinton.
Political Fundraising 101: June, July, and August are terrible, terrible, terrible. People are having trouble everywhere raising money, for all kinds of races.
This year has been quite a political year. Donor fatigue is a given!
July 11, 2008 11:32 AM | Reply | Permalink
How much money did the FISA capitulation cost with the small donors? If you're going to talk the talk, better be prepared to walk the walk.
July 11, 2008 10:11 AM | Reply | Permalink
Yeah ... a move to the center and taking politically expeditious positions will cost something. Perhaps the money he loses will be worth avoiding giving the Republicans ammo in their usual "it's unpatriotic to maintain civil rights instead of destroying them in the name of national security" narrative. Still disappointed and a little less likely to contribute!
July 11, 2008 10:39 AM | Reply | Permalink
I've been wondering the same thing. Obama's FISA cave may have hurt him severely with the netroots on a number of levels.
On one level is the perception that Obama has started to pander after promising to filibuster the bill. Pandering is for Hillary, not Obama. (McSame, of course, goes without saying.)
Another relates to the specifics of the bill. There's the visceral desire to puke at the telecoms getting immunity. Then there's the more-cerebral disappointment with further erosion of civil liberties, seen by many as wholly unnecessary.
On a meta-level, there's disappointment at the lost opportunity to stand up and tell the American people to not be afraid anymore. The politics of fear have become so wearying since 9/11. Many out there are hungry for someone to call them to courage instead of running from the bogeyman under the bed.
That's what makes Obama's cave on this issue so much more damaging than something like, say, NAFTA or late-term abortion.
July 11, 2008 11:36 AM | Reply | Permalink
How on earth did Obama cave on late-term abortion?
I'm astounded by what I'm reading.
During the primary, it was a constant fight here, as I was supporting Hillary and most everyone here thought Obama hung the moon.
Now, so many are in a frenzy about FISA and think Obama "caved." The angry mob has now turned on its leader. Its kind of funny.
He did, no doubt, cave. But, that does not explain fundraising numbers; there is no way. People are playing golf. People are saving their money for vacations, as the price of gas is outrageous. Clinton donors are going to need another week or two to come around.
And the fact that he caved, at least for me, gives me more faith that he knows he's in a fight and intends to win. You're never going to get everything you want from a politician; it just doesn't happen. I have no doubt that Obama will honor the Constitution and protect our rights. Getting into a fight over FISA has more costs than benefits. Only people like us are concerned over telecom immunity; the American people don't care about that at all. Even though I agree they should be punished, most Americans will shy away from the prospect of opening up all those companies to lawsuits that have the potential to bankrupt the entire telecommunications industry (especially when job lost is a major concern).
Most people will want to move on. I think we should too.
If anyone here is not giving money because of this, I think that's stupid!
July 11, 2008 12:27 PM | Reply | Permalink
You're right, I think. His late-term abortion position is not a cave; it might not even be a reversal.
It is, however, an example of a policy position opposed by many of his supporters that damages him among them much less than FISA.
Sorry for the confusion.
July 11, 2008 1:09 PM | Reply | Permalink
People!
Don't you think Obama will be an awesome president who will uphold and repair our Constitution?
If you answered yes, go to BarackObama.com and make a donation. Its very easy. You can use a credit card.
We should all be happy that Obama realizes he's in the fight of his life; a fight that will make the primary look like old ladies playing bridge. We should all be thankful he doesn't think he's a professor, whose only job is to make points and arguments.
July 11, 2008 11:42 AM | Reply | Permalink
Exactly. I'm very, very disappointed in his vote. Just the Same O, Same O....politics. (sigh) I'll just tune out for a while, see if I can rekindle some enthusiasm and re-energize.
July 11, 2008 12:21 PM | Reply | Permalink
I'm a small donor and I know that I just can't bring myself to donate after that vote. I hear all the arguments about supporting a dem candidate regardless, but I can't in good conscience donate now, maybe my mind will change between now and november. I hope Obama will do something to change it.
July 11, 2008 11:50 AM | Reply | Permalink
In my mind there is a difference in voting for someone and donating and volunteering. I will vote for him after FISA, but I'm more reluctant to donate my hard-earned money.
July 11, 2008 12:01 PM | Reply | Permalink
I don't think it is just the FISA issue, but the entire move to the middle that is costing him something in fundraising. The small donor base wants to be inspired and I get the impression ever since he became the nominee that he has been playing it safe. He needs to get out there and give people a reason to believe he will bring "change". He needs to take some positions that might cost him some votes but that are never the less the Right Thing To Do.
But perhaps he is playing it safe because he knows that he doesn't need to take risks to win. All he has to do after 8 years of GWB is look competent and enough people will vote the anti-republican ticket to get him over the top. Why go for the touchdown when a field goal will do?
July 11, 2008 12:01 PM | Reply | Permalink
Wow....if true this a disaster. I am not exaggerating here.
McCain and the RNC have $95 million bucks at the end of June. $27 million of that has to be spent by early Sept because it is primary campaign funds that the McCain campaign cannot spend after the convention. This explains why McCain is likely outspending Obama right now in swing states like earlier reports indicated.
As for Obama, he ended May with about $43 million or so and the DNC had $4 million for a grand total of $47 million. Of course some of that was spent in June and so even with adding this reported $30 million, Obama could have as little as say $60 to $70 million.
We'll see probably around the filing deadline on July 20. But this is not good any way you spin it. Media expectations for June were around $100 million especially with Obama opting out for the fall campaign. The stories about this would be nothing short of disaster if this is true.
July 11, 2008 10:11 AM | Reply | Permalink
Media expectations were $100 million for June? Where did you get that?
July 11, 2008 10:17 AM | Reply | Permalink
Here is an article that talks about it. I remember seeing it on the front page of Huffington Post. It said something like "100 Million Dollar Man". Those were completely insane expectations, and I didn't see it anywhere but in that article at Huffington Post.
July 11, 2008 10:33 AM | Reply | Permalink
Yeah that is where I saw it and I just saw a post by ABC's Jake Tapper that mentioned the $100 million figure.
The expectations were of course highly inflated but the Obama people did not do anything to tamper down expectations of a big month of June. In fact they played into it.
I hate to say but $30 million for June would be an enormous letdown. Obama is supposed to have a big financial advantage to allow him to amke plays for states like GA, NC, MT, etc way into the fall.
Now there is still time of course but donors have to step up big time. Maybe panic over these "paltry" June numbers will scare people into making donations. I also see that Obama is now relying more heavily on the big money donors in the last week or so. He and Clinton are targeting big donors to give his campaign the max $4600 (both primary and general) and/or contribute the max $28,500 to the DNC. A key thing is that any primary funds left over can be transferred to the general election account since he opted out of public financing.
July 11, 2008 11:34 AM | Reply | Permalink
I think it's both for the primaries and the general.
July 11, 2008 10:12 AM | Reply | Permalink
People needed a break. I made a $50 donation on June 1st, but I haven't given any money since. Obama is now paying the price for all the hand-wringing about how Hillary "had a right" to keep running until the very end. Of course she had a right, but it doesn't mean that she was right.
July 11, 2008 10:15 AM | Reply | Permalink
I agree. The primary was fucking draining. I think a somewhat underwhelming fundraising month was to be expected.
Whoever predicted $100 million in June is insane.
July 11, 2008 10:19 AM | Reply | Permalink
Whoever predicted $100 million probably didn't predict his awful FISA cave-in. This particular bit of pants-wetting reeked of the same kind of Dem cowardly cave-ins in the face of Bushian threats to call Dems weak on nat'l security that we've all had to painfully endure for the past seven years. I for one thought the Dems had finally begun to explore their own pelvic regions, looking for signs of gonads (hey, W's approval ratings are in the toilet, remember?!). Sadly, it appears that search is over. And Obama helped to end it. No wonder the enthusiasm has gone out of donating...
July 11, 2008 12:03 PM | Reply | Permalink
Jesus Christ!
July 11, 2008 12:10 PM | Reply | Permalink
Hey, Kenny!
Because Hillary asserted her right to continue fighting, Barack Obama has a ground game in EVERY SINGLE STATE; he will not have to start building such networks from scratch.
Precinct captains. Volunteers. Field and finance operatives, who are home-grown and thus know their states very well. That is priceless!
I know many people here don't know a precinct captain from a pirate, but it is a very big deal. While John McCain is having to start from scratch in most states, we have a running head start.
So, please! Stop with the 'hand wringing' and Hillary hate. You should say a prayer of thanks.
July 11, 2008 11:56 AM | Reply | Permalink
i know i've been 'slacking' on donations due to my personal economic status (how's that for euphemism?). until then, i'm donating time. Why don't the campaigns publish the number of volunteer hours they recieve? then we'll have another measure of what's going on.
July 11, 2008 10:22 AM | Reply | Permalink
Every one calm down. The sky is not falling.
John McCain has had his nomination sowed up for months, so of course he was going to have a head start over Obama in rounding up contributions.
Hillary did a public appearance with Obama, for the first time, in Unity, just two weeks ago. Up until that point Senator Obama was not able to concentrate fully on widening his donor pool.
The June figures mean nothing. The results from July and August will provide a more realistic appraisal of how he is doing.
July 11, 2008 10:28 AM | Reply | Permalink
The WSJ is wrong. Throughout the primary there was always some unnamed aid or person close to the campaign who was supposedly giving the scoop.
The reality is, the small donor base is exhausted. It needed a few weeks to catch it's collective breath. Now it's time for us to resume our giving so that he can have the money he needs to fully implement the 50 state strategy for the fall.
And I'm not sending a single penny to Senator Clinton. Any additional monies are headed to the DNC or local races.
July 11, 2008 10:42 AM | Reply | Permalink
It was foolish for anyone to think that Obama was going to have a huge money advantage in the general election. McCain's still in the Republican party afterall, and their pockets are still very deep.
That said, Dems must keep the playing field as level as possible. Keep the money flowing!
July 11, 2008 10:42 AM | Reply | Permalink
I'd like to know what the heck is going on with the DNC fundraising. So far as I read both the DCCC and The DSCC have been doing great numbers but why has the DNC lagged so far behind the RNC? I know there was the extended primary so I am hoping that the DNC has raised more since it ended.
I'm definitely going to try and donate a bit of each paycheck until the election.
July 11, 2008 10:46 AM | Reply | Permalink
Obama's got a real problem. I don't know about 'small donors', but I was a large donor for his primary campaign. I have not yet donated to his general election campaign, and I don't know yet that I will donate. I'm tremendously irked at his flip-flop on the FISA bill. I think it gained him nothing at all, and cost him a lot of credibility with the people who supported him when he needed it. Before the final vote, I sent his campaign site an email warning them that he was about to forfeit my donation, and I got a form letter reply restating his (stupid) justification for supporting the new law, and a request for money. I sent another email explaining that I wouldn't be donating unless I was brought to understand the FISA position, and I got no response. After the vote, I sent another email, this time inviting them to save my donation by (again) trying to explain his position in a way that made any sense at all. I got a form reply saying they couldn't answer all their email, they had so much, and would I please donate some money.
Now, just to put this in perspective, I donated $2,300 to his primary compaign, and I was offering $2,300 for his general campaign, and my wife is standing by with another $2,300. Perhaps they don't understand the value of not-so-big donors...?
July 11, 2008 10:55 AM | Reply | Permalink
might I recommend the ACLU, EFF, ActBlue, and the DNC.
at firedoglake there is a link to where they are raising money to reward the Dems that voted against FISA.
July 11, 2008 11:07 AM | Reply | Permalink
While I respect and agree with your position on FISA, I respectfully disagree with your position on campaign donations. While FISA is indeed important, it pales in comparison to war in Iran, the economy, the other 2 wars we are currently fighting, the environment, healthcare etc etc etc.
You are cutting off your nose to spite your face so to speak but it is your money, so do with it what you want. If you can't find enthousiasm for Obama, perhaps you can find some to defeat Mr Kill Iranians.
July 11, 2008 11:47 AM | Reply | Permalink
So your saying you wanted him to sell his vote to you and you're mad he sold it to someone else?
July 11, 2008 11:55 AM | Reply | Permalink
I expected that Obama's fundraising numbers would be underwhelming for the months of May and June. If he reports only 30million in August then we would be in trouble.
I think as soon as it seems Obama's campaign is in a panic for money, the site would crash from people trying to give. It is obviously encouraging that June was 8mil more than the previous month. I expect at least between 38 to 42million for this month.
July 11, 2008 10:59 AM | Reply | Permalink
Thiry million is nothing to sneeze at! he will be alright! It is summer time, people have other things on their minds. I suspect that come fall, he will kick butt!
July 11, 2008 11:06 AM | Reply | Permalink
Whiners.
July 11, 2008 11:10 AM | Reply | Permalink
I gave in early June the same amount i gave to kerry in 2004
i dont plan on giving anymore... but i do plan on volunteering
July 11, 2008 11:13 AM | Reply | Permalink
The Obama campaign says the WSJ is "way off the mark"
Spokesman Dan Pfeiffer:
“The Wall Street Journal report of our fundraising numbers is way off the mark. It appears that after 18 months, some in the press still haven’t realized that anyone who is talking about numbers doesn’t know what our numbers are.”
That's relieving if it's true.
July 11, 2008 11:30 AM | Reply | Permalink
Lord I hope so, because the news about the McCain/RNC cash-on-hand is pretty disturbing. I just dropped some cash on Obama this morning, and hopefully there are others out there like me who have held back for a number of reasons, but now see that without raising a ton of cash, Obama is in trouble. Remember how much it hurt Kerry not to be flush with dough in the summer months. It wouldn't surprise me to see a sudden flood of attack ads, with the GOP smelling a chance to strike a serious blow.
July 11, 2008 11:37 AM | Reply | Permalink
This may be a stupid reason for believing what Obama's spokesman said, but I'm going to give him the benefit of the doubt. If he's lying, and the campaign really did only raise $30 million, then they'd look ridiculous. I can't think of any reason for them to lie. So while the number may not be as high as some said it could be, I'm going to believe that it's nothing to sneeze at, at least until I learn the real number, whatever it is.
July 11, 2008 12:05 PM | Reply | Permalink
Good grief. McCain is not going to win and the GOP is headed for one of their worst election defeats in American political history.
The WSJ has an agenda here. The GOP has an agenda here. McCain has an agenda here. And there's no reason for any of us to buy into the agenda.
Those of you expecting that the FISA vote is a significant issue are simply as out of touch as McCain and the GOP have been. And I am highly suspicious of the reasons one wants to make this an issue--trolls, anyone? There's just a touch of hysteria about FISA that smacks of attempted manipulation.
Plain ole folks out here are reeling from the major hike in gas prices. Since a significant number of Americans practically live in their vehicles for their daily work commute, this has a very serious impact on their budgets. There's also the "take a break from politics" and try to enjoy the summer with shrinking "mess around money" in the budget.
Ease up, folks.
July 11, 2008 11:35 AM | Reply | Permalink
I don't see a WSJ agenda here. The news operation, unlike the editorial page, is solid. This reporter got some info (it may be wrong, as the Obama campaign is hinting) and wanted to be first with the news. For all we know, this could be the result of a ploy by the Obama campaign, to get people thinking it's only 30 mil and then dropping some bigger number.
July 11, 2008 11:39 AM | Reply | Permalink
i went on their web site and didn't see this story any more............. anyone else experience this??????
July 11, 2008 11:44 AM | Reply | Permalink
No surprise here. Obama has lost some of the rousing loftiness of his early speeches. Even his closing "not only win this election .... change the world" bit is sounding stale.
We need the Obama of hope to make a reappearance, not the Obama of "an 8.6% increase in the long term capital gains tax rate will affect only 1.2% of the population while increasing federal tax revenues by 3.8% during FY 2010, rising to 4.3% by FY 2013."
Okay, I made that up, but the pendulum has definitely swung from "soaring, but empty rhetoric" to "wonkish policy details" and with that swing some of the Obama oratorical magic has faded away.
July 11, 2008 11:46 AM | Reply | Permalink
Funny people here are surprised. When the RNC Victory Fund was announced and supported by McCain (months ago), I and others
predicted that the RNC would be rolling in money, and that what McCain actually had became secondary in importance. Which is why McCain could afford to play the "public finance" game. The RNC will do most of the advertising, leaving McCain to use his money on his own expenses and his team, etc. Whereas the DNC having no money on hand, can not take on that role for Obama. This is, of course, offset to some extent by the fact that the DCCC and DSCC have raised much more money than their Repub counterparts. But that's for Congress, not the White House. The RNC Victory Fund also demonstrates the hypocrisy of any existing campaign finance reform, including McCain's approach to it.
But I also want to encourage everyone here to not just talk about the cash but to make those small donations. What I've always feared about the netroots is that there will always be lots of talk but not always lots of action.
July 11, 2008 11:47 AM | Reply | Permalink
Step 1: Piss on the people who have been giving you money.
Step 2: ??????
Step 3: Profit!
July 11, 2008 11:48 AM | Reply | Permalink
The huge fundraising numbers for earlier months were precisely because the nomination contest was still going on. Competition between Obama and Clinton was causing people to make donations they wouldn't have made then otherwise.
July 11, 2008 11:52 AM | Reply | Permalink
While this isn't good news in substance, it may actually help him in the long run.
1) it brings expectations back down to earth
2) it knocks supporters out of their complacency. All this talk about Obama's fundraising I think has lead to a feeling of 'they don't need my little $10'.
3) It may be a bit of a wake up call to Obama who IMO has gotten a little complacent over the last few weeks.
July 11, 2008 11:54 AM | Reply | Permalink
My guess? The campaign didn't raise $100 million. While even I bought into the notion that it could, he'd have to do something just short of walking on water to raise that much. Even if he raised $70 million, which would be an outrageous sum, it'd look bad in comparison, because he'd raise less than he was expected to bring in even though he crushed his opponent. But what if the campaign is lowering expectations only to announce a great number, thus sort of taking the middle ground here by not being too high but also not being too low? That's what I am going with, if for no other reason than it'll put my mind at ease.
Of course, if the number does turn out to be low, it's not the end of the world. He still has a few months to go. He's doing the right thing now by collecting from all of the high-dollar fund raisers so he can focus on campaigning in the fall.
He's also doing the right thing by working on building or furthering his organization and infrastructure in the swing states. He's sending a lot of volunteers and especially paid staffers to all of the traditional swing states like Missouri and the ones he hopes to make competitive like Georgia. In the end, that'll probably off more than advertising right now would. He can always decide to carpet bomb the swing states with ads in September, but he can't make up for lost time in registering voters and building an operation.
July 11, 2008 11:54 AM | Reply | Permalink
I donated more money than I did last month. A lot more. Which I recognize is an anecdotal example, but so is everyone else's. So is every example listed in the paper that is not confirmed by the Obama campaign. All this analysis - from the press or from us - is, at best, speculation.
July 11, 2008 12:24 PM | Reply | Permalink
Don't get me wrong - I'll vote for Obama. But I've never donated to a campaign before, and the only reason that I did this time was because I thought he was different, and it seems he's not that different, and I'm disappointed. I'm sure I'll get over it.
On the other issues you raised, I think Bush should have been the subject of impeachment proceedings years ago. I've written to Pelosi and Reid, and I've written to the DNC, but it doesn't seem to do any good. If the Democrats don't want to stop these wars (and they don't), and if the Democrats don't want to end these crimes (and they don't), and if the Democrats don't want to punish these 'evildoers' (and they don't), why the heck should I give them more of my money??
July 11, 2008 1:59 PM | Reply | Permalink
Yes, I am. How not?
July 11, 2008 2:01 PM | Reply | Permalink
How exactly is $30 million underwhelming?! It's an amazingly large haul for an off month in between the Primary and the general election. Not to mention, summer is traditionally a low donor month for both parties. If Obama's $30 million is underwhelming than I wonder if they called McCain's $22 million pitiful or paltry?
July 11, 2008 2:27 PM | Reply | Permalink
what the hell is bill clinton doing twiddling his thumbs? why isn't he raising money for the dnc?
Obama does not raise as much as expected: It is the Clintons fault.
When Obama goes down to defeat in November guess who his Cult followers will be blaming? Right. Bill Clinton.
Because their Messiah can do no wrong. He cannot be blamed for anything. He cannot be held accountable for anything. He walks on water. He is here to redeem humanity.
Hillary is a horrible bitch because she had no right to stay in the race till June. She should have dropped out in January. In fact she should have dropped out the day the Messiah announced his candidacy.
And Hillary supporters are racist, uneducated bigots. And they have a duty to support the Messiah. Not that he needs their support anyway. He will win all 50 states without Hillary supporters. After all he is the Messiah. But they should support him anyway and throw themselves at his feet and beg for forgiveness for ever having supported that Evil Bitch.
Her husband is a racist evil bigot. He also has a duty to support the Messiah and raise money for him. After that he and his wife ought to go live in exile.
July 11, 2008 2:41 PM | Reply | Permalink