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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THIS IS BIG FOR US.

And we won't beat around the bush: Our fundraising drive to finish our current budget on June 30 and start our new fiscal year on July 1 is lagging behind where we need it to be.

If you value the reporting you get from Mother Jones and you can right now, please consider joining your fellow readers with a donation to help make it all possible. Whether you can pitch in $5 or $500, it all matters.

If you're new to Mother Jones or aren't yet sold on supporting our nonprofit reporting, please take a moment to read Monika Bauerlein's post about our priorities after these chaotic several years, and why this relatively quiet moment is also an urgent one for our democracy and Mother Jones’ bottom line—and if you find it compelling, please join us.

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