Obama's Money Machine Instills Fear In Republicans
Politico previously reported that Obama's donor lists are so large that the Federal Election Commission is unable to process them with their current spreadsheet applications. Now that Obama has won enough delegates to clinch the nomination, and Clinton will concede the race to him on Saturday, the GOP fears that the Democrats' extraordinary fundraising will leave them at a terrible disadvantage come November:
With Hillary Clinton's campaign coming to an end this weekend, Barack Obama's rise as the Democratic nominee brings serious bad news to a new group -- John McCain's finance team...
...Obama's campaign, which raised $272 million through April for the primary, now is reaching out to Clinton's fundraisers, who raised another $200 million through April, in an effort to unite forces and bury the historically deep-pocketed Republicans.
Take a look at some of the numbers:
• If each of Obama's donors gave him a modest $250, he'd have $375 million to spend during the two-month general election sprint. That's $186 million a month; $47 million a week.
• During the same September to Nov. 4th period, McCain will have about $85 million to spend since he has decided to take taxpayer money to help finance his campaign activities.
• Obama has more than 1.5 million donors; McCain has a few hundred thousand. If just a million of Obama's donors sent him the maximum donation, $2,300, he could raise $2.3 billion.
Read more about the numbers here.