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Obama raised $745 million, twice as much as McCain
Associated Press ^ | Dec. 5, 2008, 9:22AM | By JIM KUHNHENNN and JIM DRINKARD

Posted on 12/05/2008 11:53:18 AM PST by weegee

...Obama reported raising $104 million in more than five weeks immediately before and after Election Day. It was his second biggest fundraising period and a fitting coda to a successful presidential bid that shattered fundraising records.

...Obama exceeded the combined finances of the two major parties' nominees four years ago. George W. Bush and John Kerry pulled in a total of $653 million in the 2004 primary and general election campaigns, including federal public financing money.

Obama's prowess at attracting money, one of the many characteristics that defined his campaign, could well spell the end of a 30-year experiment in public financing of presidential contests.

After initially vowing to take public funds if McCain did, Obama became the first presidential candidate since the campaign finance reforms of the 1970s to raise private donations during the general election.

The final numbers underscore how pivotal the two candidates' strategies were for funding their general election campaigns: McCain accepted $84 million in taxpayer money through the public financing system; Obama gambled that he could raise far more from private money...

The party committee couldn't escape one of its most awkward moments of the campaign. After spending nearly $150,000 on clothing and accessories for McCain's running mate Sarah Palin in September...

...But while Obama has made much of his large number of donors, the nonpartisan Campaign Finance Institute found that Obama collected about 26 percent of his total haul from people who gave less than $200 — about the same as President George W. Bush did in his 2004 campaign.

And like other campaigns, Obama's relied for nearly half of its fundraising on big donors, those who gave $1,000 or more, a finding that "should make one think twice before describing small donors as the financial engine of the Obama campaign," the institute reported.

(Excerpt) Read more at chron.com ...


TOPICS: Extended News; News/Current Events; Politics/Elections
KEYWORDS: 2008; asspress; buttociatedpress; campaignfinance; cfr; corruptdems; dnctalkingpoints; foreigndonors; fundraising; illegalcontributions; obama; obamabreakspromises; obamaflipflops; obamalies; palinbashing
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1 posted on 12/05/2008 11:53:18 AM PST by weegee
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To: weegee

I guess it takes a lot of money to reach morons.


2 posted on 12/05/2008 11:54:33 AM PST by scooter2 (A taxpayer voting for Barack Obama is like a chicken voting for Col. Sanders.)
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To: weegee

http://www.cfinst.org/

The Campaign Finance Institute is a non-partisan, non-profit institute affiliated with The George Washington University.

Funding
The Campaign Finance Institute has received generous support from:

Carnegie Corporation of New York
The Joyce Foundation
The Pew Charitable Trusts
Smith Richardson Foundation, Inc.
JEHT Foundation
Rockefeller Brothers Fund
Stuart Family Foundation
Individual Contributors


3 posted on 12/05/2008 11:54:56 AM PST by weegee (Sec. of State Clinton. What kind of change is it to keep the Bush-Clinton-Bush-Clinton Oligarchy?)
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To: scooter2

Good. He should “spread the wealth around” and it give to some of the homeys that voted for him.


4 posted on 12/05/2008 11:57:12 AM PST by lone star annie
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To: weegee
You'd think with all those millions, he could afford to get a certified copy of his original birth certificate. Notaries can't be THAT expensive!
5 posted on 12/05/2008 11:57:51 AM PST by Deo volente (On January 20, 2009 America moves to DEFCON 2.)
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To: weegee

how much came from overseas?
how much did Soros fund him though prepaid credit cars and I can’t still believe that is legal and why the GOP is not banning them so we do not have to face the same crap again in 4 years.
What is wrong with the GOP, get them banned?


6 posted on 12/05/2008 11:58:06 AM PST by manc (Marriage is between a man and a woman no sick MA,CT sham marriage end racism end affirmative action)
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To: weegee
We should have paid closer attention to the audience
members at the Obama rallies...


7 posted on 12/05/2008 11:59:15 AM PST by avacado
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To: weegee

Money not well spent.


8 posted on 12/05/2008 11:59:55 AM PST by drypowder
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To: weegee

Yep, McCain-Feingold *killed* McCain... LOL

Way to go, McCain...


9 posted on 12/05/2008 12:01:13 PM PST by Star Traveler
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To: manc

Over $200million came from overseas.


10 posted on 12/05/2008 12:01:42 PM PST by weegee (Sec. of State Clinton. What kind of change is it to keep the Bush-Clinton-Bush-Clinton Oligarchy?)
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To: drypowder

All I can say is Barry has one helluva lot of “favors” to return with a haul like that.

Without a doubt, the Presidency has now been bought and paid for.


11 posted on 12/05/2008 12:02:40 PM PST by headstamp 2 (Been here before)
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To: weegee
Here's how the liberal media reports Obama's fundraising:

Obama reported raising $104 million in more than five weeks immediately before and after Election Day. It was his second biggest fundraising period and a fitting coda to a successful presidential bid that shattered fundraising records.

Now, compare that to an article in the WAPO in July 2003 on George W. Bush's fundraising:

Almost all of the top Bush fundraisers are in the top 1 percent of the nation's incomes, and many are in the top one-tenth of the top 1 percent. Consequently, they are among those who benefit the most from administration legislation reducing the top income tax rate, the capital gains rate and the elimination of taxation on dividend income.

The moral of the story is, when Democrats do it, it's good. When Republicans do it, it's bad.
12 posted on 12/05/2008 12:03:32 PM PST by Antoninus (America didn't turn away from conservatism, they turned away from many who faked it. - Mark Sanford)
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To: headstamp 2

And lets get off this BS story of the Dems being for the “little guy” once and for all.


13 posted on 12/05/2008 12:03:37 PM PST by headstamp 2 (Been here before)
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To: weegee

The question is,,who received the most in LEGAL contributions?


14 posted on 12/05/2008 12:04:34 PM PST by austinaero
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To: AmericanGirlRising

According to this article,

Obama raised 100 million more than Bush and Kerry combined.

McCain raised about half as much which was more than either Bush or Kerry.

Finally, I doubt no matter who ran against Obama, we would not have come up with 750 million.


15 posted on 12/05/2008 12:05:26 PM PST by staytrue (YES WE CAN, (everyone should get in the practice of saying it, it will soon be manditory))
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To: weegee

$745 million raised for 66,882,230 votes that’s over 11 dollars per vote. If you count in kind contributions from the networks and NYT the number is significantly higher.


16 posted on 12/05/2008 12:07:30 PM PST by DaveyB (Those who are merciful to the cruel will be cruel to the merciful.)
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To: weegee

Is that legal?


17 posted on 12/05/2008 12:09:36 PM PST by BenLurkin
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To: weegee

“The Marxists and Capitalists are struggling in a non-violent civil war for the government of out nation, but only the Marxists seem to know that”
- frog in a pot

What will we do if the USSC does not take action prior to Jan 8, 2009?

See my About page for what should happen!


18 posted on 12/05/2008 12:09:38 PM PST by frog in a pot (Is there a definition of "domestic enemies" as used in federal oaths, or is that just lip service?)
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To: weegee

do we know who form overseas gave money?

what I am getting at is are they Americans working in other countries or are they non Americans and groups like Hamas


19 posted on 12/05/2008 12:12:52 PM PST by manc (Marriage is between a man and a woman no sick MA,CT sham marriage end racism end affirmative action)
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To: weegee

McCain-Finegold gets Mccain, justice wouldnt you say?


20 posted on 12/05/2008 12:14:10 PM PST by sickoflibs (Obama says: "I only need to buy 40% of voters with handouts and trick another 11%")
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