Wednesday, April 04, 2007

The money's in!


"DAVENPORT, Iowa - With a stunning $25 million fundraising haul for his presidential campaign, Democrat Barack Obama (news, bio, voting record) affirmed his status Wednesday as Hillary Rodham Clinton's chief rival. The freshman Illinois senator proved he could channel his appeal into significant financial muscle, and he dispelled, for now, questions about the durability of his anti-war, "hope"-driven candidacy.
Obama's three-month money total stopped just short of the record $26 million Clinton brought in. By any measure, it was an astonishing figure for a political newcomer elected to the U.S. Senate just two years ago.
...His campaign released additional details illustrating the breadth of Obama's support. He had 100,000 contributors in the first quarter, with more than half donating online for a total of $6.9 million. Clinton, by contrast, had about 50,000 contributors and raised $4.2 million online.
The campaign said at least $23.5 million of the $25 million total was available to be used in the highly competitive primary race. The Clinton campaign has yet to disclose how much of her $26 million can be used for the primary and how much was earmarked for the general election. Clinton also transferred $10 million from her Senate account, bringing her total campaign funds to $36 million.
Obama's strong showing was a blow to Clinton, who sought to position herself as her party's strongest White House contender in part through her fundraising prowess. She has spent years developing a national fundraising network through two Senate campaigns and her husband's eight years as president."

-from Yahoo! News

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