McCain Rakes In $27 Million For July
In yet another indication that Barack Obama's financial advantage may not prove to be all that formidable, the McCain campaign has just announced a solid fundraising month for July. Campaign manager Rick Davis said on a conference call with reporters just now that they took in $27 million, compared to $22 million in June.
The RNC also took in $26 million, and has $75 million on hand. Between the McCain campaign, the RNC, and the national and state-level joint victory funds, Davis said the current total cash on hand for the GOP's campaign effort is over $100 million.
And the McCain campaign will also be spending a whole lot of money this month, as they burn through their entire reserves before McCain receives his federal funding for the general election. "We'll have a very good August, as far as expenditures go," Davis said.
The Obama campaign and DNC numbers for July have not yet been announced, but they did quite well in June: The Obama campaign took in $52 million, and the DNC brought in $22 million, with a total of $92 million cash on hand.
I dont think that is enough to run an effective campaign. No wonder the Mccain campaign keeps recycling ads, they cant afford new ones. But, who knows maybe Obama took in less then $27million...NOT
Video: Baracky Part 2
August 15, 2008 9:58 AM | Reply | Permalink
Not that surprised, Obama's money advantage was always over-stated - although we're all going to have to dig deep in the fall, when he really needs us.
McCain's going to be spending a lot of it on advertising too, since he doesn't have the size of Obama's ground game. Expect a blitz.
http://strategy08.wordpress.com
August 15, 2008 9:58 AM | Reply | Permalink
Yep, a constant stream of negative advertising.
August 15, 2008 10:01 AM | Reply | Permalink
Big Oil and phony bundlers and Bush cronys who are scared of all the stuff that will be found out on them. That is how you get to 27 million.
August 15, 2008 10:16 AM | Reply | Permalink
"In yet another indication that Barack Obama's financial advantage may not prove to be all that formidable, the McCain campaign has just announced a solid fundraising month for July. Campaign manager Rick Davis said on a conference call with reporters just now that they took in $27 million, compared to $22 million in June."
Seriously??!? Obama pulled in 52M last month. If he pulls down a similar effort this month 27M looks like chump change--even with the RNC hauling ass.
Maybe McCain's fundraising will seriously pick up and he'll neutralize Obama on that score. In fact, I think this is likely--after the conventions. But just looking at the evidence at this point it is clear the money advantage is with Obama---by a mile.
August 15, 2008 10:19 AM | Reply | Permalink
I would not expect Obama's fundraising to be as formidable in July as it was in June, when he secured the nomination. Remember, he was abroad for much of July and the fundraising schedule slowed down.
http://strategy08.wordpress.com
August 15, 2008 10:21 AM | Reply | Permalink
Actually he and the DNC need to raise more in July than in June. The goal is 400 million combined fundraising for the Obama campaign and the DNC. They raised 74 million in June once he clinched the nomination. That leaves much much more to go.
August 15, 2008 10:28 AM | Reply | Permalink
No, I don't expect you would.
August 15, 2008 10:58 AM | Reply | Permalink
I'm going to disagree. I think July will be bigger than June. McCain's barrage of negative ads are the best fundraising tools Obama has.
August 15, 2008 12:52 PM | Reply | Permalink
Yeah, the negative ads are certainly motivating. Also the "2,000,000 donor" emails have to have incited a few donations.
August 15, 2008 1:19 PM | Reply | Permalink
Weak!
August 15, 2008 10:21 AM | Reply | Permalink
I am not sure if you understand how this works.
It does not matter how much McCain raises. We know how much he will be allowed to spend starting in two weeks and thats around 80M.
So the difference was never about how much McCain is going to raise.
It was about how much OBAMA can raise.
August 15, 2008 10:30 AM | Reply | Permalink
Probably not much of that coming from the troops abroad.
August 15, 2008 10:32 AM | Reply | Permalink
No mention of Obama's two million separate donors either. That's newsworthy stuff right there.
http://thepajamapundit.com/
August 15, 2008 10:36 AM | Reply | Permalink
The RNC has this much money only because they've raised the white flag on so many Congressional races. They think the only chance to avoid Armageddon is to stop Obama, since Congress is a lost cause to them.
August 15, 2008 10:43 AM | Reply | Permalink
$27 Million isn't much for John McCain considering his relentlice attacks on Barack Obama.
August 15, 2008 10:44 AM | Reply | Permalink
I am surprised that McCain raised MORE money than the RNC did last month.
Combined they really didn't raise that much money.
I wonder how much Obama raised. Perhaps it will be another $50 million.
August 15, 2008 10:47 AM | Reply | Permalink
As of September 1st, McCain gets $84 million for the general election and can't raise any more money. However, the RNC can.
Hoping that Obama raised $50 million in June.
I expect Obama's best month in raising money will be August because of the Dem Convention. I wouldn't be surprised to find out in the month of August that Obama will have raised $100 million.
August 15, 2008 10:50 AM | Reply | Permalink
During the primaries, $27 million would have been considered a disasterously weak showing for either Hillary or Obama. I'm really not clear why its considered strong for McCain.
August 15, 2008 11:00 AM | Reply | Permalink
After McCain accepts public financing, what sort of limits is the RNC bound by? Is it the $28,500 limit or something similar to that? And does anyone have any idea how many donors have already maxed out that limit, or does it go back to zero once McCain has officially secured the nomination?
As for Obama, I an not sure what to expect. I'd like it to be something huge, like $65 million-plus, if for no other reason than avoiding the bad press that'll piss me off. For some reason, I have envisioned $67 million.
No matter what the number, barring a complete collapse of, say, $10 million, I imagine Obama's in the better position because he can probably tap the majority of his donors in the middle of September and October for a late advertising push. I'd much rather him spend his money building his organization now, while he has the luxury of time.
August 15, 2008 11:07 AM | Reply | Permalink
If the McCain campaign considers $27 million to be strong then why release the fundraising numbers on a Friday? Usually good fundraising numbers are released on Tuesday or Wednesday. Everyone knows in politics Friday is when bad news is dumped.
August 15, 2008 11:09 AM | Reply | Permalink
No word here of where MCcain got this money: fake bundlers, sham donors. That middle class couple that gave %50 of their net income.
McCain Cheats.
August 15, 2008 11:12 AM | Reply | Permalink
We're all going to be inundated with McCain ads for the next two and a half weeks as McCain has to burn all of his cash on hand.
Cash will probably be close to equal RNC fund raising + McCain's public $84M, I can't see Obama getting over $200M, so both campaigns will probably each have around $200M to spend over two months. I pity the poor television watchers.
August 15, 2008 11:18 AM | Reply | Permalink
McCain RAKES in $27 million? I seem to recall stories about Obama underperforming because he took in less than $50 million in a couple of months ago. The alternative worlds these two candidates live in, makes me long for that third eye I had removed!
August 15, 2008 11:19 AM | Reply | Permalink
I just made a $25 contribution to McCain after doing so many times to Sen. Clinton. I was not happy when his website asked for a bit more so I could get a freeby but it is ok, as long as my money can be well spent to beat an empty-suit, a pretender, a smoker, an ex- and possibly current drug user, and an presumptuous a$$hole. God speed, John McCain!
August 15, 2008 11:38 AM | Reply | Permalink
Nice job throwing in the "smoker" there. Definitely shows the range of the Republican-posing-as-ex-Clinton-supporter repertoire.
Anyway, McCain is definitely going to get outspent during the official general election period (Sept-Oct). I'm sure he wishes more supporters like you were digging deep, but there just isn't that much enthusiasm for his candidacy out there.
August 15, 2008 11:45 AM | Reply | Permalink
You are as dumb as other Obama supporters. McCain will have $84 MM without lifting a finger and his supporter can easily continue to contribute to RNC. On the other hand, drug user/dealer bean pole will have to spend a lot of money dialing and posing for money. who has advantage?
August 15, 2008 11:48 AM | Reply | Permalink
It's still Obama with the advantage, because he has more money. You're right that his campaign has to work harder for it, but the money they put into their fund-raising operation is not going to put an appreciable dent in the fund-raising totals. He'll be spending a lot more than $84 million on ads and turnout operations.
August 15, 2008 1:24 PM | Reply | Permalink
A smoker?!!? OMFG!!!!!!! That's it, you've changed my mind.
I would much rather have someone who jokes about rape, supports torture, and has snuggled right up to the people who defiled his adoptive daughter. Yeah, at least he's not a fucking smoker.
August 15, 2008 12:44 PM | Reply | Permalink
WHAT? Obama is a smoker? I had no idea! That's it, I'm cashing in my 401k and moving to Georgia, as soon as I can get ahold of Randy Scheunemann!
August 15, 2008 1:01 PM | Reply | Permalink
Hey, not bad "Aimey May". Troll rating: B-
Good job on really hitting the empty suit smear, with an excellent use of the racist "presumptuous" dog-whistle. Also claiming that you gave Exxon John $25 seems to reflect a dedication and excitement about his campaign that is non-existent in the real world. Suggesting that Obama might still be a drug user is also a fantastic smear...well done there.
Weak points: drop the whole ex-Hillary-supporter bit. No one believes it and it distracts from your trolling. Trying to hit Obama as a smoker is very weak, as you can see by the mockery it encouraged. Your second sentence is clunky and irrelevant to the core message...you don't need qualifiers like that to try to appear legitimate. See, everyone here can tell instantly that you are a troll, so trying to appear as not one is simply a waste of words.
Look, as a troll, your job is to sow confusion, chaos, and doubt. On forums like this, the majority of users are savvy to your kind...don't kid yourself into thinking you can somehow fool them. To fulfill your trollery, just go right for the jugular. It won't change the fact that Obama is going to win huge in November, but you can be proud that you did your part to devolve public discourse.
August 15, 2008 3:01 PM | Reply | Permalink
Please go fight them over there so we don't have to read your drivel over hear!
August 15, 2008 4:22 PM | Reply | Permalink
Dude,
Please go fight them over there so we don't have to read your drivel over here!
August 15, 2008 4:23 PM | Reply | Permalink
I agree that 27 mill isn't exactly raking it in, but Obama's going to need every cent he can get.
Obama still has to pay for airtime to make actual points and arguments, whereas McCain's "ads" get free and usually uncritcal airtime as every commentator weighs in on whether Obama is really like Paris Hilton.
This is our media environment: McCain is free to run a pretend White House press conference and dispatch phoney envoys to an actual war zone without coordination with our ACTUAL govenment and he's seen as experienced and presidential. Obama flys in a plane thats too nice, or has too much secret service protection, or gathers a Huge crowd in Eurpoe waving American flags and he's "Presumptuous."
Call this phenomenon what you will but Obama is going to need all of us to ante up if we are going to pull this out.
August 15, 2008 11:42 AM | Reply | Permalink
$27 million isn't a lot of money. That's chump change compared to what Hillary and what Obama made during the primary.
August 15, 2008 11:45 AM | Reply | Permalink
Money will not buy this election.
The vast majority of Republicans fall in line and don't a single dollar spent on them. The entire Republican budget is for just the swing voters.
The Dems not only to constantly stoke the Obamites, they to turn the Clinton supporters and get the swing voters.
The Dems probably need several times as much $$$ just to have the same impact as the Republicans.
August 15, 2008 1:16 PM | Reply | Permalink
So, I guess we'll be seeing more crappy tv ads.
August 15, 2008 8:20 PM | Reply | Permalink