Sunday, October 19, 2008

Obama's Fundraising for September

Breitbart.com reported today that the Obama campaign has raised $150 million in the month of September. This number was released by the campaign before having to turn in its numbers to the FEC. While this number is quite large, it is not a surprising number to come from the Obama camp. It will be interesting to see in the next 16 days how much Obama and McCain's fundraising and advertising efforts will change the polls and early voting during this GOTV crunch time. 

The bigger question that this "stunning" number sheds light on is did McCain put himself in a position to lose the election by accepting public funding? While he had to accept public funding since he is an advocate of it, will it end up being detrimental for his campaign? If both McCain and Obama had of accepted public funds, thus limiting both of their abilities to fundraise and spend, would this election be closer than it is today? Obama's campaign manager, David Plouffe, says that the average donation to the Obama campaign is $86. This shows that it is not a few large donors, but instead a lot of people giving smaller donations.

1 comment:

Kristin Schutz said...

With this news, Obama also cautioned his supporters that they shouldn't get over-confident. He still wants to make sure that each and every supporter votes, despite his strong lead. I wonder if his lead might have a negative effect on voter turnout - that perhaps because he is in the lead, certain people won't feel the need to go out and vote.