Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (27596)	8/16/2008 12:57:56 PM
From: Sr K	Respond to of 149317

Barack Obama Obama Raised $51 Million in July By Matthew Mosk Sen. Barack Obama raised $51 million in July, falling short of his one-month record, but raising enough to end the month with $65.8 million in the bank -- a formidable number for the middle of the summer. Obama's July fundraising efforts, which were interrupted by a week in Europe, yielded one of the highest monthly totals for his campaign, and for any presidential candidate. Obama set the record for a single month of fundraising, with $55 million in February, during the height of the hotly contested Democratic primary fight. He raised just over $52 million in June. "We are proud of the millions of volunteers and more than two million donors to the Obama campaign who will provide the backbone of our campaign to put America back on track and reject the old politics and failed Bush policies, which is all John McCain is offering," said David Plouffe, Obama's campaign manager. Obama's numbers far surpass those of McCain for July. The presumptive Republican nominee raised his highest total of the campaign, $27 million. And he finished with $21 million in the bank. The McCain campaign, however, will only need to use money raised in individual contributions until Sept. 4, when he becomes eligible to receive $84 million in federal funds that will sustain his campaign until Election Day. Obama, by contrast, has opted to forgo the federal funds, and plans to continue raising money as he campaigns. Both candidates will also be able to receive assistance from the national parties, though the candidates will not be permitted to control how that money is spent. The Republican National Committee reported having $75 million stored up by the end of July. The Democratic National Committee reported raising $27.7 million in July, leaving the party with $28.5 million in cash on hand. Part of Obama's strategy relies on a donor base that largely consists of people giving in small amounts, to whom Obama can return again and again for assistance. The Obama campaign said it added 65,000 new donors to its fundraising lists in July, bringing the total to over 2 million Americans. Posted at 11:58 AM ET on Aug 16, 2008 \| Category: Barack Obama voices.washingtonpost.com