Republican fundraising catching up to Obama

posted at 11:40 am on May 21, 2008 by Ed Morrissey

A funny thing happened on the way to the conventions — the Republicans caught up to the Democrats for presidential-campaign fundraising, at least for the moment. Although Barack Obama continues to outraise John McCain, he now spends more than he collects. Meanwhile, the DNC has performed catastrophically at fundraising, allowing for a ten-fold gap between themselves and the RNC for post-convention activities:

The likely Democratic nominee Obama continues to vastly out-raise Sen. John McCain, but the presumed Republican nominee is closing the money gap with the significant help of his party, according to new campaign finance reports filed Tuesday.

McCain disclosed he had $21.7 million in the bank at the end of April, compared to … Obama’s $46.5 million. But the Republican National Committee is proving to be a real financial equalizer for the Arizona senator with the notorious disaste for fundraising.

With significant time and help from President George W. Bush, the RNC ended April with $40.6 million in the bank—10 times more than the Democratic National Committee, which had a modest $4.4 million in the bank.

The Democratic Party’s fund-raising also was a fraction of the Republicans’ in April–a mere $4.7 million, compared to $19.8 million for the RNC.

That puts the GOP ahead in the upcoming general election, and the gap may widen. Cash on hand for both Obama and the DNC declined in April, thanks to deficit spending in both organizations. Obama raised $32 million to McCain’s $18 million, but the Republican only spent $6 million of it. Obama spent over $36 million in April, denting his considerable war chest. Obama’s contributors now increasingly come at the expense of the DNC, which has failed miserably in its quest to keep pace with the RNC, and the little money it has on hand will get spent on the convention.

This could push Obama back towards public financing. His donations have tumbled significantly over the last three months. Obama raised $55 million in February, $40 million in March, and now $32 million in April — all significant numbers, but now almost half of his peak. It looks like the Democrats may have tapped themselves out in this primary race, leaving the well dry for the general election. No one has leftover cash for the DNC, and they may not have any for the general election, either. Meanwhile, Obama has run through two-thirds of all that cash in three months, which calls into question the campaign’s ability to manage themselves on a tighter budget.

The GOP has effectively closed the funding gap three months before the convention. Between then and now, expect the Republicans to quietly but effectively continue to boost McCain’s coffers as well as the RNC, which can fund all the GOTV efforts the DNC can’t afford. Under those circumstances, the spending limits that come with public financing may start looking more attractive to Team Obama.


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10 times more than the Democratic National Committee, which had a modest $4.4 million in the bank.

Cue Max Cady laughing his ass off.

uh yeah…aaaahahahahHAHAHAHAHAHAHAHAHA

benrand on May 21, 2008 at 11:45 AM

Don’t blame me; I haven’t sent them any money this year. I was ready to send the RNCC some money but on the same day they voted for the bloated farm bill and so my checkbook went back into my purse.

bopbottle on May 21, 2008 at 11:46 AM

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Red Pill on May 21, 2008 at 11:46 AM

So Operation Chaos succeeded, at least to the extent necessary. Obama, who IMO is the weaker GE candidate, has managed to remain the prohibitive favorite for the nomination, but has spent the enormous treasure trove he accumulated in doing so.

Think_b4_speaking on May 21, 2008 at 11:47 AM

Don’t worry, foreigners and the mob will send Hussein Obama thousands and thousands of $185 donations via the Internet.

faraway on May 21, 2008 at 11:50 AM

I haven’t sent them a dime and will continue to withhold money until I see some serious improvements.

JohnAGJ on May 21, 2008 at 11:52 AM

Now that the shine has come off the Obama mystique, I doubt he will be as successful in hitting the same sources for more mulla down the road. This could be a significant issue in the general. Hard to believe that a Chicago politician could be short of cash.

Syd B. on May 21, 2008 at 11:52 AM

Hillary is now $31 MILLION in the hole. How can she run our country if she can’t even manage her own campaign?

http://originalpechanga.blogspot.com

originalpechanga on May 21, 2008 at 11:53 AM

Not hard to believe since Hussein’s entire operation is a fraud and a hoax that would not have gotten this far without big time MSM complicity.

Akzed on May 21, 2008 at 12:00 PM

Don’t worry, foreigners and the mob will send Hussein Obama thousands and thousands of $185 donations via the Internet.

faraway on May 21, 2008 at 11:50 AM

yep, both Obama and Paul got alot of money that way and both pandered to them for it and made it easy to do so. Those in “occupied Palestine”, Syria, etc….absolutely corrupt.

jp on May 21, 2008 at 12:02 PM

Don’t worry, foreigners and the mob will send Hussein Obama thousands and thousands of $185 donations via the Internet.

faraway on May 21, 2008 at 11:50 AM

Yep.

funky chicken on May 21, 2008 at 12:03 PM

Obama thought he could just spend and spend and the dough would just keep rolling in, yet he outspent Hillary in at least three states which he ended up losing.

Obie’s money will keep coming and he will get more after the convention, obviously, but I suspect that quite a few initial supporters are seeing him for the fraud he is and have shut down the flow.

Bishop on May 21, 2008 at 12:03 PM

FauxBama is Carter 2.0

faraway on May 21, 2008 at 12:05 PM

As the leftwing radials’ plan for America begins to become more defined and Obama is identified as the most liberal candidate to ever seek the presidency, there will be no other choice than to support the RINO candidate. There is no way to project the rights and freedoms that Obama will force Americans to forfeit as he appeases the America haters his party has encouraged by trashing our country from foreign forums.

volsense on May 21, 2008 at 12:10 PM

Operation Chaos was a TERRIBLE idea.

misterpeasea on May 21, 2008 at 12:11 PM

The fact that McCain has been using the Web as his preferred campaign tool also helps.

newton on May 21, 2008 at 12:17 PM

It looks like the Democrats may have tapped themselves out in this primary race, leaving the well dry for the general election. — Ed.

And gasoline prices have spiked high too, to limit the little guys extra cash. Now I know it’s BushMcHitlerRoveiburton that’s behind it!

kirkill on May 21, 2008 at 12:17 PM

Operation Chaos was a TERRIBLE idea.

misterpeasea on May 21, 2008 at 12:11 PM

You serious?

newton on May 21, 2008 at 12:17 PM

Don’t worry, foreigners and the mob will send Hussein Obama thousands and thousands of $185 donations via the Internet.

faraway on May 21, 2008 at 11:50 AM

Well, FARC is about tapped out, but Hamas probably has quite a bit or U.S. provided ordnance they could sell for some ready cash. Iran and Soros are flush. The Teamsters mob connections will feel a bit more flexible what with Obama promising to eliminate federal oversight on criminal activity. then there are the BLT churches. So, cash flow won’t be a problem.

a capella on May 21, 2008 at 12:18 PM

Operation Chaos was a TERRIBLE idea.

misterpeasea on May 21, 2008 at 12:11 PM

Only because *you* say so. I wouldn’t participate, but I think it has been effective in keeping Hillarity going.

kirkill on May 21, 2008 at 12:19 PM

a capella on May 21, 2008 at 12:18 PM

Nice cynicism!

kirkill on May 21, 2008 at 12:21 PM

The McCain GOP nomination stages are:

1. Denial: “It can’t be happening.”
2. Anger: “Why McCain? It’s not fair.”
3. Bargaining: “I’ll hold my donation for a real conservative to emerge.”
4. Depression: “I’m so sad, why bother with anything?”
5. Acceptance: “It’s going to be OK.”

Kini on May 21, 2008 at 12:22 PM

Hillary is now $31 MILLION in the hole. How can she run our country if she can’t even manage her own campaign?

That’s how the senate (lowest approval rating in history so we choose presidents from that pool) runs the country. Ask McCain how he will pay for the government programs for all the illegals he wants to legitimize out of compassion. He’ll have the country go into debt just like he did with his campaign.

I thought McCain decided to use public funding anyway. Weren’t most of the donations to the Republican party and not to McCain? Anyway, it doesn’t matter. This year is a perfect example of why voting is over rated. Vote NONE OF THE ABOVE!

ThackerAgency on May 21, 2008 at 12:25 PM

Operation Chaos was a TERRIBLE idea.

That horse is still in the race, if you haven’t noticed.

Besides, super delegates are there to make sure regular delegates vote the [w]right way.
The way the party bosses want.

Kini on May 21, 2008 at 12:26 PM

5. Acceptance: “It’s going to be OK.”

Kini on May 21, 2008 at 12:22 PM

Or at least a whole lot better than Obama. I haven’t donated, but will do so after the VP announcement if I can stomach the choice. With Obama as the opponent, it would have to be spectacularly bad to lose my vote.

funky chicken on May 21, 2008 at 12:38 PM

Operation Chaos was a TERRIBLE idea.

misterpeasea on May 21, 2008 at 12:11 PM

kirkill on May 21, 2008 at 12:19 PM

Kini on May 21, 2008 at 12:26 PM

Pretty sure its sarcasm XD Clearly, these are the results of Operation Chaos

apollyonbob on May 21, 2008 at 12:39 PM

Don’t worry, foreigners and the mob will send Hussein Obama thousands and thousands of $185 donations via the Internet.

faraway on May 21, 2008 at 11:50 AM

Well, FARC is about tapped out, but Hamas probably has quite a bit or U.S. provided ordnance they could sell for some ready cash. Iran and Soros are flush. The Teamsters mob connections will feel a bit more flexible what with Obama promising to eliminate federal oversight on criminal activity. then there are the BLT churches. So, cash flow won’t be a problem.

a capella on May 21, 2008 at 12:18 PM

funky chicken on May 21, 2008 at 12:39 PM

Of course, thanks to John McCain, the RNC won’t be able to use a dime of that money on advertising in the last 60 days before the election, i.e. exactly the length of time between the convention and the election.

rockmom on May 21, 2008 at 1:09 PM

Kini at 12:22PM

Those are the stages that all-or-nothing McCain-hating hyper-purists are going through.

jgapinoy on May 21, 2008 at 1:24 PM

Kini on May 21, 2008 at 12:22 PM

5 step program for MDS…

I like it

Squid Shark on May 21, 2008 at 1:35 PM

Operation Chaos is a “terrible idea”? It’s precisely the reason why Barry & Hill have been forced to spend so much money – fighting each other for primary votes instead of fighting Johnny Mac.

Buy Danish on May 21, 2008 at 1:50 PM

As bad as the thought is of seeing a dim in the whitehouse, I reserve my contributions until McCain names his VP runningmate. THEN I will know if I want to support the Rep nom with my dollars, or keep my money in the event that all hell breaks loose on our country.

kcd on May 21, 2008 at 1:52 PM

Too bad McCain cut his ties to the Reform Institute. Now George Soros can’t send him any more money (that we are aware of anyway).

Valiant on May 21, 2008 at 1:55 PM

If Hillary steals the nomination on the strength of Operation Chaos and becomes president, it would have been a terrible idea.

Valiant on May 21, 2008 at 1:57 PM

Valiant on May 21, 2008 at 1:55 PM

Yeah, Soros bought McCain with all that money.

And hes a sleeper agent for the commies too, I read it on the internet.

Squid Shark on May 21, 2008 at 2:05 PM

Soros will just start writing checks to 527s.

wildweasel on May 21, 2008 at 2:06 PM

Maybe Iran can sit up a bogus charity for Obama.

Terrye on May 21, 2008 at 2:08 PM

I gave to McCain. Not a lot.

I can’t compete with the Democrats on billionares’ row in San Francisco…. but then again I am not a Lear Jet liberal, a caviar socialist or a rich pampered white liberal hoping to assuage some guilt with a big fat contribution to the campaign of the first African American President.

Terrye on May 21, 2008 at 2:15 PM

McCain’s still behind in the polls. Doesn’t matter what money is in the bank. It’s Obama’s year and it’s the fault of those who voted for Dempublican McCain. Thanks guys. Nice vote you made there.

Vaporman87 on May 21, 2008 at 2:33 PM

Vaporman87 on May 21, 2008 at 2:33 PM

Aren’t Republicans always behind in the polls at this time? Doesn’t seem to matter a lot, though.

Buford Gooch on May 21, 2008 at 2:46 PM

Don’t worry. The MSM will more than make up for any shortfalls the DNC feels.

nukemhill on May 21, 2008 at 2:58 PM

Squid Shark on May 21, 2008 at 2:05 PM

Total denial gives you zero credibility.

Valiant on May 21, 2008 at 4:04 PM

Do they call it “double entry” for a reason?

“St. McCain will have to ask his Sugar Mama Cindy to bail him out if this continues. In financial disclosure reports released Tuesday night, Obama reported raising $32 million for his primary in April and banked an aggregate of more than $9 million for the general election. In contrast, McCain reported raising just $18.5 million for his primary account in April and having no money set aside for the general…”

J_Gocht on May 21, 2008 at 7:50 PM

That bloated, plutocracy that we call Republicans in the House and Senate have driven a lot of folks away from the party. The Presidency is shaping up nicely for the Republicans, but the down-ticket races are a major concern, and the money is not showing up in their coffers. On the Dems side, their anger is directed at the DNC and all those lame consultants that they insisted on hiring, and their money is showing up in the local organizations. So the Republicans are not as mad at their national party as the Dems are, but are angrier at the individual Congress folks than the Dems are.

Follow the money. Your heart might be where your fortune is, but you will put your fortune where your heart is.

ss396 on May 21, 2008 at 10:29 PM

1. Denial: “It can’t be happening.”
2. Anger: “Why McCain? It’s not fair.”
3. Bargaining: “I’ll hold my donation for a real conservative to emerge.”

4. Depression: “Neither party cares about me. What’s the point?”
5. Acceptance: “To hell with all of them. Either one of these morons are going to bankrupt this country with stupid policies. Call me in 4 years with some real candidates that actually want to do something to help this country.”

Fixed.

austinnelly on May 21, 2008 at 10:46 PM