Obama Raised Nearly 2 1/2 Times as Much as Clinton in January

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This just in from MSNBC (as transcribed by Ben Smith): The Clinton campaign didn't come close to keeping up with the Obama campaign in terms of fundraising during January.

Russert: Last month. You guys raised 10 million.

McAuliffe: We won the fourth quarter and the third quarter. We actually raised more in '07 than Barack Obama did.

Russert: How's your money holding up?

McAuliffe: It's good. I mean, he -- you said 10. We actually about did about 13 1/2, which I was very proud of. We had more cash on hand at the end of '07. He had a great January. Hats off. I've been raising money for a long time. All the compliments in the world to the Obama campaign. They raised a lot of money on the internet. I heard over 25 million on the internet. Congratulations to them. No one should be worried about Hillary Clinton, though. We will always have our resources to get our message out.

Let me first note that this is not just a good fundraising month, it's a great one. Stretching it out over three months, if Clinton were able to keep that January pace she would race over $40 million in a quarter, which would be a record for her. But Obama didn't just have a great fundraising month -- he had one that shattered all records and expectations by taking in $32 million, a pace that would put him close to $100 million for a quarter if he could keep it up.

This doesn't mean that Clinton is in trouble -- yet. If she is able put Obama away by taking a significant delegate lead tomorrow -- one that couldn't be whittled away during the subsequent February nominating contests, which seem to generally favor Obama -- she might be able to end the nomination battle a lot sooner than many currently believe. However, I believe that Markos is totally spot on when he writes today that if Clinton is unable to bank enough delegates tomorrow she could find herself in some long-term difficulties because of a possibly massive fundraising disadvantage. Ohio and Texas, which will hold their primaries on March 4, are not cheap to advertise in, and neither is Pennsylvania, which votes on April 22. If Obama can keep up his fundraising advantage over Clinton -- even if not at quite the same pace, but still a noticeable advantage -- he could have a real edge in the big, expensive races that are coming down the pike.

Tags: Barack Obama, Democratic primaries, Fundraising, Hillary Clinton (all tags)

Comments

21 Comments

Then

Clinton will have to put it away tomorrow.

by Zeitgeist9000 2008-02-04 03:11PM | 0 recs
Just like the Patriots did?

:)

by highgrade 2008-02-04 03:16PM | 0 recs
law of diminishing returns

Texas, Ohio and PA are no where near as expensive as CA and NY, and both campaigns are to the point where even more advertising doesn't move the needle much. If this goes on Obama will have a lot more flexibility, Clinton will have to be a lot smarter, like when she negotiated fixed commissions on TV ads. Axelrod is the luckiest man in the world.

by souvarine 2008-02-04 03:30PM | 0 recs
Re: law of diminishing returns

They're going to have to spend it on ads better than "freefall."

by Progressive America 2008-02-04 03:35PM | 0 recs
Re: law of diminishing returns

I know better than to use myself as a focus group. Otherwise I agree.

by souvarine 2008-02-04 03:41PM | 0 recs
Re: Obama Raised Nearly 2 1/2 Times as Much as Cli

Not to mention that he also has a real edge when he has more TIME to meet the citizens of any given state.

TIME is MONEY.

by along 2008-02-04 03:19PM | 0 recs
Re: Obama Raised Nearly 2 1/2 Times as Much as Cli

I think if Clinton can maintain 13m per month fund raising I don't think money will be that large a problem and Clinton can forsake a few of the smaller states to Obama if she wins NY, NJ, CA, and MA without much of a negative impact.

I very much doubt Obama can win TX or PA no matter how much facetime he gets.

by kristoph 2008-02-04 03:48PM | 0 recs
Re: Obama Raised Nearly 2 1/2 Times as Much as Cli

Obama will win TX and almost all red states in the primaries. Red-state Dems dread the prospect of a polarizing Clinton at the top of the ticket, which is why they're all lining up to endorse Obama.

by KeithPickering 2008-02-04 09:07PM | 0 recs
Clinton in January

I take this news as more of an indicator of Obama's momentum, rather than just a financial benchmark, because Obama is raising his money from lots of small donors.  That says to me that he has the stronger populist thing going, which translates into real votes.  Hilary has a much higher % of $2000++ donors, which is consistent with her mainstream, top-down, old style politics.  We da people are for Obama, the entrenched interests are much more likely to back Clinton.

by global yokel 2008-02-04 03:49PM | 0 recs
Re: Clinton in January

Ummm I am a person and I am for Hillary. Let the votes speak for themselves

by rossinatl 2008-02-04 03:53PM | 0 recs
No one's saying otherwise

This post is about fundraising, and it's a undeniable fact of life that Barack Obama has a much larger base of individual contributors than Clinton -- as well as the fact that he raised nearly 2 1/2 times Clinton last month.

by zonk 2008-02-04 03:58PM | 0 recs
Re: No one's saying otherwise

Yes we all know the well off support Obama.

by souvarine 2008-02-04 04:08PM | 0 recs
Re: Clinton in January

Do you think this is starting to reach a point where her donors are drying up because of maxed contributions?  The advantage of lots of smaller donations is that you can keep going back to them multiple times.

by spiteface 2008-02-04 03:55PM | 0 recs
re

Even if these upcoming states in Feb favor Obama, Hillary will still be picking up delegates in them and lets not forget TX, OH and PA could be firewalls for Clinton. In Ohio she has the backing of Ted Strickland who has what 70 percent approval ratings??? Maybe if she needs to Hillary could throw a hail mary pass and just choose her running mate like Reagan in 76. Clinton-Strickland anyone??? She has a large advantage in endorsements in TX and factor in the large latino vote. PA she has the Rendell Philly machine backing her. As long as Hillary does well tomorrow she will be fine. In fact if she wins in the high teens in terms of states I doubt she will be hurting for money

by rossinatl 2008-02-04 03:52PM | 0 recs
I'd really like to see

the maxed out donor numbers... Wasn't there a report last fall that HRC was somewhere in the 70% range on maxed donors while Obama was somewhere in the teens?

I gotta think there just isn't much money left for HRC... at least directly.  I guess we might always see a 527 pop up.

by zonk 2008-02-04 03:55PM | 0 recs
Re: I'd really like to see

As the posters have said, Obama's total is really, really impressive, but Hillary's one month haul would also put her on track to have her best quarter yet.

I think as long as the results are mixed tomorrow, both campaigns will have enough money to execute their campaign plans in the next several rounds.

You are also right that I'm sure there are a good number of very deep pocketed supporters who would be all to happy to set up some 527s to push Hillary if she starts getting too outgunned.

by rcipw 2008-02-04 03:58PM | 0 recs
Re: I'd really like to see

Yeah, whoever runs a 527 hit ad against Obama and wants to remain in the Democratic Party is quite insane.

No one knows who is going to win the nomination.  If you're a Democratic leader (or union, or whatever), would you like to be known to your peers, the press and most importantly, potentially the nominee and his supporters to be putting out a hit job?

Particularly if the odds are quite strong that you're hitting the wrong person.

by ChrisR 2008-02-04 04:14PM | 0 recs
WWI Primary Season

This is really important.  As much as everyone thinks 2/5 is going to decide everything, it is likely to decide significantly less than that -- the margin isn't going to give anyone a TKO in delegates, which is what HRC needed.  The national poll #s have narrowed markedly, so no one has an advantage there, either.

Here's why I think it is important:

Also the press is more focused on process (easy, don't have to take sides in political dispute) rather than policy (complicated, nuanced, etc...)

Let's say HRC wins by less than 100 delegates on 2/5, giving her roughly a 60 delegate edge overall.

She then has to pick and choose which states to pick on 2/9 and 2/12, most of which favor Obama while still having enough for OH, TX, PA.  The press will pick up on that and focus that she's not competing in certain states (Louisiana, for example) and the process story becomes "campaign in trouble."  Not to mention the signal it gives to unpledged superdelegates in the state in which you're not competing very hard.

In addition, we still don't know her burn rate.  This is an unprecedented cycle in both fundraising and spending.  It isn't out of the realm of possibility to raise $10M and have a $10M negative cash flow in a month like January (2/5 prep, etc...).  She had $17M cash on hand at the beginning of January -- I suspect she's probably going to be at under $10M now (with less of an ability to raise going forward as her contributors have maxed out).

Oh, and McAulliffe's statement:  we don't know how much of that $13M is for the general and how much for the primary.

by ChrisR 2008-02-04 04:12PM | 0 recs
Re: (Comment Deleted)

Logic: most of the people who can afford to donate $60 to $150 to a political campaign are upper middle class, or well off, people or college students who are the children of well off people. Clinton does best among Democrats earning less than $50k, they can't afford to donate to a campaign.

Now, to be honest I think Clinton could be doing a lot better with small dollar donors online if she tried. But Obama has a much bigger prospect pool among the 'creative class' who can afford to donate to him online.

How does this constitute poisoning the well?

by souvarine 2008-02-04 04:58PM | 0 recs
Re: Obama Raised Nearly 2.5 as Clinton in January

Don't forget folks.  The fact is that Hillary WAS supposed to have it all wrapped up by now.  The fact that she is being outraised and outperformed by Barack Obama (in spite of VERRRRY favorable media coverage at every turn) is a HUGE win for Obama.  Talk about momentum?  

Holy cow...Barack has a lot because he has gone toe-to-toe with the greatest (and devisive) politcal machine in recent years. But the problem is machines have NO SOUL.

Neither one will leave super tuesday putting the other away, but to be intellectually honest folks...that in and of itself is a HUGE WIN for Obama given the buzz saw that had been fired up before it encounted something a little more sturdy!

by a gunslinger 2008-02-04 06:01PM | 0 recs
Re: Obama Raised Nearly 2 1/2 Times as Much as Cli

http://news.yahoo.com/s/bloomberg/200802 04/pl_bloomberg/apnpwl7xnjik

She raised close to $800K from Lobbyists.  He raised nothing.  And yet he still won 2 1/2 to 1.  Wow!

This shows how different these campaigns are and the power base behind the support-- lobbyists vs. real people.

by drjk 2008-02-04 06:07PM | 0 recs

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