Obama to Pass Clinton in Money Raised, Her Aide Says
Friday, June 29, 2007
Eager to cast its fundraising total for the second quarter in a positive light, the presidential campaign of Sen. Hillary Rodham Clinton (D-N.Y.) said it expects to report raising less than Sen. Barack Obama (D-Ill.), taking in about $27 million, roughly equivalent to what Clinton drew in the first three months of the year.
In a letter to supporters yesterday, Clinton communications director Howard Wolfson described the past three months as a "great quarter for us." He said the $27 million raised is bigger than any amount collected by a Democrat in a non-election year.
But, at a time when all the campaigns are furiously lowering expectations about their takes, Wolfson added, "While that figure is record-setting, we do expect Senator Obama to significantly outraise us this quarter.
"Bottom line is that both campaigns will raise a great deal of money and that we will have all the resources we need to compete and win," Wolfson wrote.
Advisers in the two camps had been quietly predicting for weeks that Obama would outperform Clinton, and yesterday, the Obama campaign unveiled a tidbit about its fortunes. Officials said they have attracted a total of 250,000 donors for the year.
David Plouffe, manager of the Obama campaign, said in a memo Thursday that the campaign drew about 140,000 new contributors in the past three months. "While the professional pundits are busy handicapping a big-money horse race, we have a more important goal: getting more people involved and owning a piece of this campaign," Plouffe wrote.
Obama made a strong financial showing in the first quarter this year, raising more than $25.6 million, almost all of which could be used in the primary contests. Clinton raised just over $26 million, of which about $18.9 million is earmarked for the primaries. She also transferred about $10 million from her Senate campaign coffers.
Next week, Clinton, Obama and other 2008 presidential contenders will shift their attention from raising money to campaigning at full tilt, spending several days in Iowa over the Fourth of July holiday period. Former president Bill Clinton plans to make his first major campaign appearance with his wife Monday night in Des Moines, serving, Wolfson said in his letter, as "a huge asset in this race."