July Fundraising: McCain $27 Million, Obama $51 Million

By Al Giordano

 

 

US military soldiers - overseas and at home - are among those that donate in much larger numbers to Obama over McCain (video hat tip, Jed).

They're not alone.

This just in from the Obama campaign, which says it had $65.8 million cash on hand as of the end of July:

CHICAGO - Senator Barack Obama's campaign announced today that more than 65,000 new donors contributed to the Obama campaign during the month of July, bringing the total raised for the month to over $51 million.  More than 2 million people have now contributed to the campaign.

 

The McCain campaign says it raised $27 million and had $21.4 million cash on hand as of July 31.

But McCain, once he receives his party's nomination, will be shifting to public financing for his campaign, with state by state spending limits, so he'll be dumping a fortune on the airwaves before this month is done - including during the Democratic National Convention August 25-28 - which, by law, he has to spend before he's the nominee. The real action on the GOP side this autumn will be through the Republican National Committee and "independent" groups which will have no shortage of dough to attack Obama in every way imaginable:

The Republican National Committee reported it had raised an additional $25.8 million, giving it a total of $71.5 million.
...fundraising by the RNC and other groups means McCain and his GOP supporters can draw on more than $100 million to battle Obama.

 

 

And that means that Obama's not out of the woods yet, and so the nationally televised Democratic National Convention will have to be a kind of fundraising telethon, too. Watch for the website URL and 1-800 number announcements, as well as a new line of campaign merchandise to share the stage in Denver.

Update: Ben Smith reports that for the first time this year, the Democratic National Committee has outraised the RNC: $28 million vs. $25.8 million for the month of July. (There's still a deficit in cash on hand, but it's a start.)

Also of Interest: Camp Obama is back in session. Here's a live blog from Austin, Texas.

And Saturday Reading: James Wolcott lights a candle for Lieberman as McCain's VP pick, and explains why Biden is an unlikely choice for Obama. (I do have to hand it to Obama, though, who must have Biden convinced he's on the docket: Normally, during an international dust-up like the one in Georgia, Biden would be all over the cable news networks. That he's not is an indication that at least he thinks he's got a shot at the number-two position, and so is laying low. Regardless of whom Obama chooses, he's accomplished something that nobody, but nobody, has ever accomplished in US politics: coming between Joe Biden and the TV news cameras.)

Oops! I spoke too soon. Joe Biden is now headed toward the TeeVee cameras in Georgia. (Actually, if you think about it, that's a good sign, since it means that he no longer considers himself in the running for you-know-what.)

 

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About Al Giordano

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Publisher, Narco News.

Reporting on the United States at The Field.

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