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Biggest Headlines of 2008: Barack Obama Shatters Fundraising Records
During his successful bid for the White House, President-elect Barack Obama raised $750 million to help him get there. In 2004, Kerry and Bush brought in a combined $504.2 million during the primaries, and took $74.6 each in public money. But since Obama made the unprecedented and controversial decision to forgo public money, he could keep raking in the money from small and large donors alike.
Briefing Book! McCain Gets FEC Audit, Obama Gets a Pass
- Campaign Finance: Winner's luck? FEC to audit McCain's campaign but not Obama's. — Donklephant
- Lieberman: Lieberman off the hook?
Obama Campaign Takes Money Now, Asks Questions Later
Is Obama's campaign piggy bank a murky shade of sneakiness? By allowing donors to use prepaid credit cards, which are for the most part untraceable, the Obama campaign could be allowing donors to dodge limits or hide a donor's identity. That combined with a huge chunk of donations being given online, basic security measures to stop illegal or anonymous money from hitting the campaign account are nonexistent.
Barack Obama Raises $150 Million in September Alone
Today Barack Obama and John McCain must file their September fundraising numbers with the Federal Election Commission; but yesterday, Obama's campaign manager shared some good news with supporters: Barack raised a record of $150 million in September alone.
Perhaps more impressive, the campaign added 632,000 new donors to the cause. The average donation was $86.
Obama Buys 30 Minutes For Prime Time Appeal: Smart Move?
On Oct. 29, six days before the election, Barack Obama will appear on at least CBS and NBC to make a final 30-minute case for his candidacy. Obama purchased the large block of national airtime for what is essentially a more personalized, and lengthy, campaign commercial.
Don't Look Now! Both Campaigns Take Money From Foreigners
Back when Elton John put on a concert for Hillary Clinton, we learned that presidential candidates cannot take money from foreign donors. But Barack Obama and John McCain won't let a silly rule get in the way of their fundraising momentum. A little investigating by the Associated Press revealed that both candidates accept overseas money, saving the crucial details for later.
Troops Overseas Give More Money to Obama by 6 to 1
US troops deployed overseas give six times as much money to Barack Obama, compared to John McCain. The Center for Responsive Politics, which conducted the giving-analysis, also made conclusions about the military's overall contribution pattern: Despite McCain's status as a decorated veteran and a historically Republican bent among the military, members of the armed services overall — whether stationed overseas or at home — are also favoring Obama with their campaign contributions in 2008, by a $55,000 margin. Although 59 percent of federal contributions by military personnel has gone to Republicans this cycle, of money from the military to the presumed presidential nominees, 57 percent has gone to Obama.
Barack Obama Gets One 527 to MoveOn
Perhaps bolstering his argument that he wants a purely people-funded campaign, Barack Obama has succeeded in getting progressive group MoveOn to abandon its 527 arm. It will still raise money as a PAC, however, with more restrictions.
In 2004, MoveOn's 527 group spent $20 million.
Obama Refuses Public Financing. What Does This Mean?
I might be a special brand of crazy, but when I woke up to this news this morning, I started hyperventilating: Obama is not accepting public financing.
In shunning each tax-payer's $3 contribution we kick in when we pay our taxes, Obama is the first candidate to do so since Congress passed 1970s campaign finance laws after Watergate in the 1970s. McCain, the Republican nominee in waiting, has already taken steps to accept the public funds in the general election — matching funds that put a cap on how much each candidate can spend.
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Paying to Play: Who Spent Their Own Bucks on a Campaign?
Now that Ralph Nader's renaissance has sprung the siren-call of a Bloomberg campaign to everyone's lips, it's worth a trip down memory lane — who raided their own piggy banks for a self-financed play for office?
Radar made a list and checked the bank statements twice. Who can forget the 1992 splurge of the granddaddy of self-financing, Ross Perot?
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