Update: Obama Fundraising, Another Perspective

A lot of the posts I've seen have tried to figure out Senator Obama's fundraising total by guessing an average donation and doing the basic arithmetic, I don't think that is the bigger point.  The larger point is that he has managed to recruit over 250,000 unique donors to donate to his campaign.

What is new about this perspective you ask?  Follow me beyond the jump...

When you look at the number 250,000 it is in and of itself quite impressive.  However, if you take a little more time to consider that number.  Consider that he did that in 6 months that is even more impressive (for the sake of ease (and so no arguments would be had over when his fundraising began) I simply started my count a January 1st).  When you crunch those numbers that means that he has recruited an average of over 1,380 new donors EVERY DAY this year.

Impressive you say.

Now we look a little deeper and remember that he had over 100,000 donors in the first quarter, meaning that there will be about 150,000 new unique voters this quarter.  That means that he will have recruited about 1,650 donors a day throughout this quarter, that is nearly unbelievable.  I don't care whether you call it a movement or not, moving that many people to donate on a daily basis is incredible.

If that isn't impressive enough for you take a glance at the total number of donations.  With 247,500 donors he has nearly 341,000 donations.  That means that nearly 100,000 donations came from repeat donors.  That is a huge number and speaks not only to the breadth of his support (250,000 unique donors), but the depth of it as well.

UPDATE: It depends on how cynical you are whether you say that the inspiration fundraising campaign they have going on is just another gimmick. Either way it is really powerful.
The media and the Washington pundits are so focused on the money chase that they have missed the bigger story. Each donation to this campaign is a declaration of commitment to the idea that we can change our politics and elect a leader who will inspire and unite this country.
And this...
Individual people with purpose, passion and the will to make a small sacrifice can build a movement unlike anything presidential politics has ever seen. And we're only just getting started.
Both are quotes from an e-mail sent out from David Plouffe.

Tags: 2008 elections, Barack Obama, Fundraising (all tags)

Comments

35 Comments

Nice diary
by horizonr 2007-06-28 11:12AM | 0 recs
it's not just the money
it's the people, these people are going to show up to vote and get others to vote or caucus as well,remmeber Lamont or Webb or Tester? primaries are usually carried by people that really care about thier candidate, Howard Dean was the exeption not the rule in general primaries asre low turn out affairs so these 250,000 will have a
huge say in the results. Dean and his campaign turned off Iowa voters and then simply collapsed Obama to me looks more like the primary version of the Lamont,Webb and Tester campaigns with the eneergy on the ground being more than enough to overcome early poll #s.
by nevadadem 2007-06-28 11:24AM | 0 recs
Re: Obama Fundraising, Another Perspective

He would have if Lieberman didn't cheat.

by BlueDiamond 2007-06-28 11:42AM | 0 recs
READ THIS...

In Washington on Thursday at a fund-raiser aimed at women, Michelle Obama said the crowds coming to see Obama show "This is not curiosity, this is a movement."

The Obama campaign estimated that events in the Washington area on Wednesday and Thursday hauled in $1 million for Obama. Michelle Obama quipped that one of her daughters calls the Secret Service personnel assigned to Obama "Secret people."

The Obama campaign is on track to report about $30 million in second quarter donations, according to unofficial estimates from fund-raising observers. Former Sen. John Edwards (D-N.C.) is lowering expectations, gauging second quarter collections at $9 million. A few weeks ago the Obama campaign was floating a $20 million number.

http://www.huffingtonpost.com/lynn-sweet /clinton-campaign-official_b_54187.html

by icebergslim 2007-06-28 12:16PM | 0 recs
Re: READ THIS...

HuffPo is all Obama all the time- they can twist a story like no other blog- hard to take them seriously-

by Menemshasunset 2007-06-28 01:46PM | 0 recs
Re: READ THIS...

Stop hatin'.  On the last debate Arianna was all over Obama for not steppin it up and wrote about.  And many would state Hillary is all MSM with poll numbers, all the time.  Sheesh...

by icebergslim 2007-06-28 01:50PM | 0 recs
Re: READ THIS...

This story was written by Lynn Sweet, who is a well-known reporter and Washington Bureau chief for the Chicago Sun-Times, a conservative daily in the Chicago.  I don't think there's another reporter in the country who has written more critical stories about Obama than Sweet.  Try googling Lynn Sweet and Obama.

by psericks 2007-06-28 11:57PM | 0 recs
Re: Obama Fundraising, Another Perspective

I just got a page by the Obama folks to remind me of the Debate tonight...

by icebergslim 2007-06-28 12:26PM | 0 recs
Re: Obama Fundraising, Another Perspective

me too.  I got a text message.  It said I could respond back after the debate with my first name and my thoughts.  I'm not sure to what end though...

by maddogg 2007-06-28 12:42PM | 0 recs
Re: Obama Fundraising, Another Perspective

Let's deal with the facts- 150,000 are not new donors- they represent some of the old donors recontributing-those who gave $5, 10  etc and do it over and over and they are being counted as "new"    Remember his $5 for dinner contest?

by Menemshasunset 2007-06-28 01:44PM | 0 recs
Re: Obama Fundraising, Another Perspective

Read the article.  It states that the new donars are 130K, it makes a distinction.

http://sfgate.com/cgi-bin/article.cgi?f= /n/a/2007/06/28/politics/p020432D34.DTL

by icebergslim 2007-06-28 01:47PM | 0 recs
Re: Obama Fundraising, Another Perspective

Actually, these are new donors.  One of the interesting things about having to keep track of information for the FEC is that that data allows you to find how many donors and repeat donors you have.

The total for new donors will be about 150,000 by the end of the month.  The total for new donations this quarter will be significantly higher as illustrated by the fact that he already has nearly 342,000 donations this year.

by Obama08 2007-06-28 01:53PM | 0 recs
Re: Obama Fundraising, Another Perspective

One of the most remarkable things about the numbers which few people are talking about is they're up to not just over 248,000 people but over 341,000 donations.  As the diarist points out, Obama had just over 100,000 people donate the first quarter. To create a 100,000 gap between donators and donations this quarter means he's getting something like 80-90% repeat business.  That's an unbelievable amount of people donating a 2nd time.  If he could manage to keep this wave going for Q3 he would be up to 625,000 people on 850,000 donations.  

by Doug Dilg 2007-06-28 01:45PM | 0 recs
Re: Obama Fundraising, Another Perspective

Sorry I got carried away, make those Q3 projections 550,000 people and 775,000 donations.  

by Doug Dilg 2007-06-28 01:48PM | 0 recs
Re: Obama Fundraising, Another Perspective

As much as I hope this comes true I highly doubt it.  You are suggesting that he will more than double the number of total donors in half the time.  He got 250,000 donors in 6 months and gets 300,000 new donors in the next 3 months?  Unlikely.

Even if we say that he will recruit 150% of the donors he did in the previous quarter which would be one way to try to fit a line to the data, it doesn't work.

I really don't want you to get your, or anyone elses', hopes too high.  I don't doubt that he will continue delivering very solid fundraising totals throughout the year.

by Obama08 2007-06-28 02:05PM | 0 recs
Re: Obama Fundraising, Another Perspective

It's a wave (Okay, Jerome, a wave not a movement). He built a base of 100,000 and then increased that by 150% in the next quarter. When things spread by word of mouth like this they spread exponentially, not linearly.  It is very reasonable these 250,000 go out an increase the numbers by 1.5.  At least.   I could see it going even higher.  He sets a goal for Saturday to reach 250,000 and makes it today before the debate.  He does well in the debate tonight and this becomes the big story.  He may very well hit 260,000 by Saturday.

by Doug Dilg 2007-06-28 04:20PM | 0 recs
Re: Obama Fundraising, Another Perspective

The goal is 350,000 donations for the year. Let's say the total average donation is $200, averaging both Q1 and Q2. That's $70 million. Subtract the $27 million from Q1, and you've got $43 million left over for Q2. Now I'm not saying that the total's going to be that high--the total average donation for Q2 is probably going to be a lot lower than $200. But it opens the possiblity that Obama will have raised over $40 million dollars in Q2--maybe even in primary money.

That's incredible any way you slice it.  

by Korha 2007-06-28 07:17PM | 0 recs
Re: Obama Fundraising, Another Perspective

Hmm, actually in retrospect I think I calculated this wrong. It's total donation per person. Never mind me. The correct numbers put Obama around $30-35 million.

by Korha 2007-06-28 07:37PM | 0 recs
Re: Obama Fundraising, Another Perspective

Bingo.

by Shaun Appleby 2007-06-28 09:18PM | 0 recs
Re: Obama Fundraising, Another Perspective

Remember Dean's dream of raising $200 million by getting 1 million people to donate $20? It's very  possible Barack could be in that ballpark with this kind of growth. Absolutely amazing. But how dare his campaign refer to this as a "movement?!" Sheesh!

by Jenifer Fernandez Ancona 2007-06-28 10:42PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

Obama08 -are you part of the campaign?  how do you get all of these inside numbers?  Guess it's a good idea to have contests for $5.

by Menemshasunset 2007-06-28 03:03PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

By inside number I assume you are referring to numbers which are available on the front page of his website?

So basically what I am saying is, no, I am not paid by the campaign.

by Obama08 2007-06-28 03:07PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

Obama just broke the Damn. 250,000 donors? Check!

by rapcetera 2007-06-28 03:22PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

By the way, thanks for the compliment, I try to stay informed of everything that is going on with my candidate.  I would absolutely love to have a job with the campaign.

by Obama08 2007-06-28 08:21PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

Here's the craziest number

Since there are 300,000,000 people in the United States, that means one out of every 1,200 people has contributed to Obama.

by pontificator 2007-06-28 07:25PM | 0 recs
Re: Update: Obama Fundraising, Another Perspective

THAT'S crazy.

by chicago jeff 2007-06-28 07:52PM | 0 recs
ENOUGH!!!!

It is incredibly impressive . ok we get it. But I need to ask a question that I have not gotten a reply to from any Obama supporter: Is Obama taking Money from the spouses of lobbyists?(not the lobbyists themselves)

With all the talk from above and details, someone must know this answer. It has been brought to my attention a few times...Please no ,"I'm sure he's not",answers.

yes amazingly impressive...

by yann123 2007-06-28 08:07PM | 0 recs
Re: ENOUGH!!!!

Yes, my understanding is the reports are trues, he does take money from lobbyists.  The reports would have been put down as unsubstantiated rumors otherwise.

However, I don't see a problem with that.  Disqualifying an individuals spouse is at best ridiculous and at worst sexist.  I don't know how true the reports are that fundraisers have specifically told lobbyists that they could donate through their wives.  I'm sure people said something along the lines of, "If your wife is interested have her give me a call," but I don't know if it went beyond that.

Irrespective of whether or not Obama is taking money from the spouses of lobbyists I do know that none of his rivals have pledged to not take money from lobbyists spouses.  Hillary is raising money hand over fist from these people.  

by Obama08 2007-06-28 08:19PM | 0 recs
No He Does Not

At least not in the way you mean it.  First off Obama is the only candidate who on his contribution form, makes you confirm that:

This contribution is not made from the funds of an individual registered as a federal lobbyist or a foreign agent, or an entity that is a federally registered lobbying firm or foreign agent.

This is crucial.  John Edwards who says he does not take Lobbyist's money, for some reason does not have this sentence in his disclaimer form on his donation page.  It appears other places but not where it counts.

Now to the issue of Lobbyists wives, of course every wife is an independent person and can do what she wants and many husbands and wives differ greatly in their political views.  What the issue really is is can a Lobbyist simply funnel money through his wife and have the Obama campaign look the other way.  On this, again turn to what he actually makes you confirm when making a donation.  It reads:

The funds I am donating are not being provided to me by another person or entity for the purpose of making this contribution.

Again, this is different from Edwards who simply asks if the funds are from an account controlled by you.  He doesn't ask the hard question.  But at least Edwards does speak out about not accepting Lobbyist money.  Hillary doesn't even go that far.

by Doug Dilg 2007-06-28 08:46PM | 0 recs
And Yann

I suggest you go to each candidate's website, click the donation button and go in and see the differences between each candidates disclaimer form.  It's very interesting.

by Doug Dilg 2007-06-28 08:49PM | 0 recs
Great he is getting donors

by why is it not translating in the polls?

Curious isn't it. With this many donors he should be hammering the polls, but he is consistent in his national numbers just like the Hillary and Edwards. My question is this, how will this translate into votes?

by Chaoslillith 2007-06-29 01:06AM | 0 recs
Re: Great he is getting donors

Obama is competing with two people that have 100 percent name recognition.  The polls will get better in due time. Obama will start running ads in IA soon and it would not surprise me if ads appear in NH and SC any day now.

by parahammer 2007-06-29 02:28AM | 0 recs
Re: Great he is getting donors

Really? Who?

by clarkent 2007-06-29 04:29AM | 0 recs
Re: Great he is getting donors

I believe that he should start moving in the polls towards the end of the summer early fall.  There are rumors floating around that he will be opening a large number of regional offices in Iowa.  This combined with the ads that are going up in Iowa ought to have some impact.  Largely, it will fall to his volunteers who are working in Iowa and should start to have their largest effect come fall.

by Obama08 2007-06-29 04:06AM | 0 recs
Re: Great he is getting donors

He is leading in SC and the most recent Poll's show him either tied with Clinton for 2nd place in IA or in a 3 way tie for 1st in the MD poll for IA. rEMEMBER THIS POLL HAD 27% un-decided.

Also we donot have a national primary, but a series of State contests.

by BDM 2007-06-29 08:12AM | 0 recs

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