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Obama Rules in Second Quarter Fund-Raising


The second quarter numbers are in (figures gathered from individual campaign websites):

Obama$32.5 million
Clinton$27 million
Giuliani$17 million
Romney$14 million
McCain$11 million
Edwards$9 million
Richardson$7 million

Romney also chipped in $6.5 million of his own personal fortune.

It's interesting that Obama raised more money than the top two Republicans (Guiliani and Romney) combined. And the top-tier Democratic candidates together raised $75.5 million compared to just $42 million for the Republicans. These fundraising numbers reflect a sea change in what we normally see during presidential campaigns. Republicans typically outraise Democratic candidates by a good margin. This is good news for Democrats as it points to continued and widespread disaffection with the Republican Party among the populace. It also indicates that "fat cat" donors are increasingly hedging their bets by contributing more to Democratic candidates than they normally would in the past. We can expect this trend to continue in the Senate and Congressional races as well as the money continues to follow the power.

There's also more good news for the Obama campaign. He has a very wide donor base in comparison with the other candidates:

Democratic Sen. Barack Obama's 258,000 contributors since January exceed the combined number of donors of former New York mayor Rudolph W. Giuliani, former Massachusetts governor Mitt Romney and Sen. John McCain (Ariz.), according to estimates provided by the campaigns.

The Obama campaign also raised $10,300,000 of its second quarter money online. I don't have comparisons with other campaigns but I'm willing to bet that's more than any other candidate.

The Obama campaign's ability to raise money from a very wide donor base augurs well for his campaign in the coming months. He can continue to go back to most of these donors who have not contributed the maximum allowable yet while other candidates aren't in the same position.

Are you feeling the Obama magic yet? Are you feeling like it's time to jump on the bandwagon before it's too late?

Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!

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Editors: Lee Ward, Larkin, Paul S Hooson, and Steve Crickmore

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