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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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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