Giuliani and Obama Lead in 2nd Quarter Fundraising
McCain's showing was doubly disappointing by the fact that it was $2 million less than he raised in the first quarter and the conventional wisdom entering the race that he was the likely heir-apparent to George W. Bush in the quest for the Republican nomination. McCain's campaign also announced staff cuts as a result of the poor showing.
Giuliani trailed Romney in first quarter fundraising, but moved into first this time by taking in $2 million more in the second quarter than he did in the first.
"We are thrilled by our fundraising this quarter and are running a strong and efficient campaign. We are well positioned to win both the primary and the general elections," campaign manager Michael DuHaime said in a written statement announcing the results. "We are serious about being good stewards with the money that has been entrusted to us."
Giuliani's showing was overshadowed by the earlier announcement that on the Democratic side, Illinois Senator Barack Obama raised nearly twice as much. According to a CNN story, Obama raised a minimum of $32.5 million in the second quarter, $7 million more than he raised in the first quarter, and reportedly the most ever raised by a Democratic candidate in a single quarter.
Obama campaign manager David Plouffe, In an e-mail posted on the campaign Web site, said the fundraising will allow Obama to compete fully funded in all February 5, 2008, contests in states like California and New York.
"Frankly, when we entered this race, we did not think that was possible," Plouffe wrote. "We estimated at this point of the campaign we'd be at least $20-25 million behind one of our fellow candidates."
New York Senator Hillary Clinton raised approximately $27 million, well behind Obama but also far ahead of any Republican candidate. Clinton narrowly defeated Obama for the first quarter fundraising lead.
Former Senator John Edwards was, like McCain, a distant third, bringing in only $9 million in the second quarter, sharply lower than the $14 million he raised in the first quarter. Edwards' deputy campaign manager, Jonathan Prince, tried to put a positive spin on the news, telling CNN: "It's been a great quarter for us."
Former Tennessee senator and "Law and Order" actor Fred Thompson has not officially declared his candidacy and did not have to report results. All other candidates have until July 15th to report spending and fundraising for the second quarter to the Federal Election Commission.
Sources:
Mark Preston, "Giuliani Tops Romney, McCain in Quarterly Fundraising." CNN
URL: (http://www.cnn.com/2007/POLITICS/07/03/gop.fundraising/index.html)
Steve Brusk and Mark Preston, "Obama Raises $32.5 Million, Thought to be a Democratic Party Record." CNN
URL: (http://www.cnn.com/2007/POLITICS/07/01/campaign.money/index.html)
Published by Bruno Somerset
I am a novelist & freelance writer living in Texas. I write mainly on arts and entertainment, politics and religion, with the occasional sports and humor piece thrown in to keep things interesting. View profile
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2 Comments
Post a CommentThis focus on fundraising is rather sickening.
Sad that our taxdollars have not provided money so that even a poor man (or woman) could compete in national elections. Most everyone owns a television but the candidates have to pay to advertise, rather than the govenment providing a free forum for all to speak on the issues.