Obama Fundraising Advantage Over the Entire GOP Is Huge

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Good God. Look at these numbers from Politico:

If each of Obama’s donors gave him a modest $250, he’d have $375 million to spend during the two-month general election sprint. That’s $186 million a month; $47 million a week.

During the same September to Nov. 4th period, McCain will have about $85 million to spend since he has decided to take taxpayer money to help finance his campaign activities.

The Republican National Committee, which is charged with closing the gap between McCain and Obama, has $40 million in cash. Obama raised almost as much — $31 million – from just his small donors in the month of February. His total for the month, $57 million, exceeded the RNC’s cash balance.

Obama has more than 1.5 million donors; McCain has a few hundred thousand. If just a million of Obama’s donors sent him the maximum donation, $2,300, he could raise $2.3 billion.

Two quick observations: (1) Obama is going to be able to use that money to make random red states like Kansas and Idaho competitive enough that McCain has to put time, energy, and money into winning them. That’s a huge advantage. (2) Obama could have enough money to finance every Democratic congressional race in the country. Certainly every key Senate race. He could essentially buy himself a filibuster-proof 60-vote majority in the Senate.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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