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Obama, the billion-dollar man
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Dec 02, 2008 11:36am |
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| Category | News |
| News Date | Tuesday, December 2, 2008 05:35:00 PM UTC0:0 |
| Description | By JEANNE CUMMINGS | 12/2/08 4:27 AM EST
CHICAGO — Nearly two years ago, Barack Obama muscled his way into the top tier of presidential contenders by breaking fundraising records.
When the 2008 campaign books are closed, the Democratic president-elect will shatter another record by coming close to, or capturing, the title of the first billion-dollar candidate.
That’s roughly how much the Obama finance team will have raised for his campaign, convention, transition and Jan. 20 Inauguration events.
The vast majority of the donations were generated during the unusually long primary and general election campaigns. A financial disclosure report scheduled to be released Thursday is expected to show that Obama raised more than $100 million in the final month of the campaign, campaign aides said.
That will bring the grand total for his campaign to more than $750 million — more than the combined sum raised by President George W. Bush and his Democratic rival, John F. Kerry, in the record-setting 2004 campaign and nearly as much as the total raised by all the presidential contenders then.
The Obama team also helped raise more than $50 million for the Democratic convention’s host committee in Denver and more than $100 million for the Democratic National Committee. He’s still raising money for his transition and Inauguration. Four years ago, Bush raised $40 million for his Inauguration. |
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