July Fundraising

August 16, 7:17 PMProgressive Politics ExaminerJay McDonough

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John McCain announced his haul yesterday.  $27 million.  That represents McCain's single largest month of fundraising.  Add that to the Republican National Committee haul of $26M, and you have one big month.

Today, the Obama campaign announced their numbers for July:

Senator Barack Obama’s campaign announced today that more than 65,000 new donors contributed to the Obama campaign during the month of July, bringing the total raised for the month to over $51 million. More than 2 million people have now contributed to the campaign.

“The 65,000 new donors to the Obama campaign demonstrate just how strongly the American people are looking to fundamentally change business as usual in Washington. 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, campaign manager of Obama for America.

The Democratic National Committee released their July numbers as well today.

The Democratic National Committee has announced that they raised $27.7 million for the month of July, just edging out the RNC’s $26 million, the first time this whole cycle that the usually-underfunded DNC has outdone the RNC. The DNC, including its joint committee with the Obama campaign, has $28.5 million cash on hand, bringing the Democratic total with the Obama campaign to $94.3 million — just narrowly behind the Republicans’ aggregate total of over $100 million on hand.

That's alot of coin.  And Obama outpaced McCain nearly 2 to 1. Steve Benen speculates why the Obama campaign would announce big fundraising news on a slow news day like Saturday, especially after beating McCain so resoundingly; they must have a big announcement scheduled for early next week.

(the vice president pick)