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Money race still in stratosphere

The Democratic candidates for president continued to post impressive fundraising numbers, with Sen. Hillary Rodham Clinton using her victories in Tuesday's primaries to raise $4-million through noon Thursday.

Her campaign reported the haul as the Obama campaign said it had raised $55-million in February, confirming earlier reports of its record-breaking month raising.

Last month, 385,101 people made their first contributions to the Obama campaign. For the first time, the number of total donors surpassed the 1-million mark, with 1,069,333 individuals giving to Sen. Barack Obama's candidacy since it began a year ago.

Clinton had the biggest fundraising month of her candidacy, raising $35-million in February, up from January's take of $13.5-million. Her fundraising since Tuesday suggests that the campaign is poised to use her victories in Ohio and Rhode Island and in Texas primary to energize donors for the battles ahead. Since March 1, the campaign has raised $6-million, a rate of about $1-million a day.

But for all the success that the Democratic candidates have had in raising money — taking in a combined total of more than $500-million in the current race — the Republicans are beating them in one crucial area of fundraising: the money being raised by the parties themselves.

The Democratic National Committee ended 2007 nearly flat broke, with cash of $2.9-million and debts of $2.2-million. Since then it has raised some money, paid down debt and managed to put $3.7-million in its piggy bank. This compares with $25-million that the Republican National Committee has in cash on hand, after having raised $97-million since the beginning of 2007.

With Sen. John McCain, R-Ariz., now the presumptive Republican nominee, party officials started plotting with his campaign this week on deploying those resources.

President Bush, who spoke at 29 Republican fundraisers and is credited with raising $63.5-million last year, is lined up for more RNC fundraising in the weeks ahead. This money is likely to provide the financial muscle for McCain to continue his attacks on both Democratic candidates.

By the numbers

1,069,333



Number of individuals who have given to Barack Obama's candidacy since it began a year ago

$1-million



Average funds Hillary Rodham Clinton's campaign has raised each day in March so far

$3.7-million What the Democratic National Committee has on hand

$25-million What the Republican National Committee has on hand

Money race still in stratosphere 03/06/08 [Last modified: Thursday, October 28, 2010 9:29am]
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