Obama Campaign Raised More than $130 Million in Q1
by Jonathan Singer, Thu Apr 03, 2008 at 08:06:47 AM EDT
Back in January, Barack Obama's presidential campaign brought in a record $36 million, then in February he shattered that record by raising $55 million for the month. Now comes his March haul:
Sen. Barack Obama, second to none in the race for campaign cash, raised more than $40 million in March and boosted his vast network of donors to nearly 1.3 million, the campaign announced Thursday.
Taking in more than $130 million in a quarter is a pretty remarkable feat, and speaks to one of the real strengths Obama would have in a general election. While it is the case, and I've mentioned it before, that money does not necessarily correlate with success -- Obama lost both Ohio and Texas to Hillary Clinton despite having outspent her in both states -- a general election campaign flush with hundreds of millions of dollars in the bank rather than merely $80 or $90 million (which is the cap set by the public financing program) would be able to help a candidate expand the map and put more states in play. Given that some states that are not traditionally blue are already potentially in play for Obama, I have little doubt that he would be able to find 270 -- or a lot more -- come November.