Monday, July 21, 2008

Obama's June Haul Details

The clout of we.
Politico: After locking up his party’s presidential nomination, Barack Obama’s fundraising operation came roaring back to life in June, generating more than a million dollars in five days and more than $21 million from small donors.

The amount from small donors represents nearly half of his monthly total and nearly matches what Republican rival John McCain generated for the entire month. During the month, McCain did not have a single day in which he raised a million dollars.

Overall, Obama raised a total $54 million for his campaign in June, compared to $22 million for McCain.

The sums were reported in disclosure reports filed with the Federal Election Commission. An initial summary of Obama’s donations posted on the FEC website Sunday night grouped all of his un-itemized donations of less than $200 on the same day – June 30th. That left the impression that Obama had an astonishingly good — $25 million – final fundraising day for the month and Politico made that the lead of this story.

Turns out, Obama raised nearly $4 million on June 30th, a healthy amount certainly. But the $21 million from the un-itemized small donors, which are those who are not named because they haven’t given more than $200, came in throughout the month and not on a single day. The FEC is adding an explanatory note to avoid such confusion in the future, said FEC spokesman Bob Biersback.

One thing that is clear is that Obama’s vast base of small donors – 1.7 million was the last public count — carries big clout. To date, Obama has reported raising $338 million for his campaign from individuals and 94% of his donations have come in amounts of $200 or less.