Obama Raised Nearly 2 1/2 Times as Much as Clinton in January
by Jonathan Singer, Mon Feb 04, 2008 at 03:03:02 PM EST
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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)









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