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Hillary concedes victory to Obama in dash for cash

June 29, 2007

BY Lynn Sweet

With the second quarter closing on Saturday, Hillary Clinton campaign spokesman Howard Wolfson said in a memo the campaign expects to take in at least $27 million, conceding that Barack Obama will be collecting "significantly" more in April, May and June.

Hillary Rodham Clinton

The Clinton campaign did not break down how much of that $27 million was for the primary and how much was given for the general election contest.

The only figure that counts politically is money raised for the primary election. Obama's second quarter haul, according to estimates of knowledgeable observers, could reach $30 million — most raised for the primary.

"To put that [$27 million] figure in some perspective, it is more than any Democrat has ever raised in the second quarter of the 'off' year," said Wolfson.

"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 said.

In related matters:

• Obama is also amassing a giant donor base; some 250,335 people donated in the first half of the year.

• The Clinton campaign revised upward the money raised from a Monday fund-raiser in Chicago, to $1.04 million. More people showed up than expected and wrote more checks for more money than anticipated. The original estimate was $700,000 to $750,000.

• Michelle Obama was in Washington to headline a funder aimed at women; that lunch plus an event on Tuesday night at the City Museum collected $1 million from the Washington area.

Source:  Chicago Sun-Times

Posted by Hillary · Filed Under 2008, Campaign Finance, Hillary Clinton 

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4 Responses to “Hillary concedes victory to Obama in dash for cash”

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  4. Chris Mariles on June 4th, 2008 8:08 am

    Now that Obama has clinched the nomination, Clinton’s campaign contributions and what she’s does with them is something of a non-issue.

    All the same, if anyone is interested in exactly how much money, debt, campaign contributions, etc. each candidate has accumulated, visit opensecrets.org, this nonpartisan organization has the most up-to-date tally on campaign spending.

    But, I recommend we all move on and get along. Here’s the scoop on the latest newsin regard to where Clinton and Obama stand in the campaign trail.

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