The Green Zone
At Least a $20 Million Third Quarter for Obama
Democratic presidential contender Barack Obama raised at least $20 million during the past three months, and has brought in nearly $75 million this year, an amount that positions him to mount a vigorous bid for his party's nomination when the primary season starts in January.
Sen. Obama and Sen. Hillary Rodham Clinton are likely to end the quarter with comparable amounts of money on hand, though Clinton has not yet released her totals.
Obama's take for the past three months signals a slowdown in fundraising, though campaign finance experts say that was expected. The summer months are particularly difficult for raising money because so many potential donors are either on vacation or not paying close attention to a presidential primary battle that is still months away.
The amount he raised is still staggering by historical standards -- his total for the year is three times more than Democrat Howard Dean had raised at this point in 2003, and nearly as much as had been amassed by George W. Bush, an incumbent president, at this point four years ago.
The Obama camp pointed out that the contributions continued to come from a broad range of supporters -- many of them small dollar donors who gave over the Internet.
"Many in Washington have spent the last weeks declaring that outcome of this race to be pre-ordained, and the primary process a mere formality," said Obama for America Campaign Manager David Plouffe in an e-mail. "Yet, in this quarter alone, 93,000 more Americans joined our campaign, because they desire real change and believe Barack Obama is the one candidate who can deliver it. This grassroots movement for change will not be deterred by Washington conventional wisdom because in many ways it is built to challenge it."
Of the $20 million that Obama raised, about $1 million will have to be set aside for the general election.
With the exception of Bill Richardson, who announced he had raised $5.2 million between July 1 and September 30, other campaigns have held off on releasing their totals.
Posted at 2:14 PM ET on Oct 1, 2007
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