I was surprised (not really) by the lack of mainstream media reporting last night over the release of the Obama campaign's fundraising figures for May. There were no big press conferences, no Media fawning, Keith Olbermann was not crying tears tears of joy, for the most part there was sil. Why??
Barack Obama's campaign yesterday released their fundraising numbers to the FEC, reporting that the Obama campaign raised $21.9 Million in the month of May. Besting the McCain campaign's $21.5 million. Ironically, McCain released his numbers shortly after the end of may, which leaves me wondering if perhaps the Obama campaign has resorted to "fuzzy math" to avoid the embarrasement of being outraised by McCain. May represented Obama's worst fundraising month of the year, especially considering that he was still entrenched in a primary battle with Hillary Clinton. The McCain fundraising trend may have actually began in April, The Center For Responsive Politics points out that McCain outraised Obama on 15 days in April among voters giving more than $200.
Hidden away in Obama's fundraising statistics are a large number of his donors who have already maxed out their contributions for both the General Election and Primary as the Obama campaign has not discouraged them from making both contributions. This may present Barry with a problem as less than 10% of his donor have funded more than 60% of his campaign. Historically campaign contributions tend to level out during the summer prior to the party conventions, which may be the primary reason that Obama has abandoned his pledge for public financing.
Compounding Obama's problem is the fact that when combined with DNC and RNC contributions the Republicans outraised the Democrats by nearly $10 million in May. The lack of DNC funding has already forced the Democratic Nationional Convention to scale back its festivities.
The Obama campaign must tap into Hillary Clinton's supporters if they wish to restore the "messianic" levels of contributions that they experienced during the primaries. But you can be certain that a steady stream of criticism that the Republican party has been waiting to launch, coupled by some of Hillary's most ardent supporters who are openly attacking Obama, will be working to prevent that conversion. Groups such as PumaPac and Just Say No Deal (Democrats Against Obama), continue to gain support and media attention as they launch a massive "grass roots" effort to stop an Obama Presidency.
This upcoming week we will be focusing on following the Obama money trail including the some surprising revelations on who is funding his campaign and how contributions are being collected.
June 21st, 2008
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Must Read: The Final Report-Democratic Disenfranchisement
Obamas Real Donors: The Money Trail (May Article)
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