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Obama haul reportedly hits $750 million
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Posted by Foon Rhee, deputy national political editor
December 4, 2008 05:56 PM
Several news organizations are reporting that President-elect Barack Obama is expected to report raising $750 million for his presidential bid, a record-shattering amount that is more than what both major-party nominees brought in four years ago.
In the Obama campaign's last report to the Federal Election Commission, it said it had brought in more than $640 million. His campaign is to file a new report on Friday that covers through late November.
Bloomberg reports that the filing will show that it brought in $300 million for the general election -- compared to the $84.1 million in public money Republican John McCain had.
Obama was the first major-party candidate since public financing was passed in the post-Watergate reforms to reject public financing.
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Wow. Although I was very happy to see Obama elected- and still am , that's a shockingly high amount of $ . Three-quarters of a BILLION dollars ...........what occurs to me is ...just how compromised as a candidate is Barack Obama ?-sure there were millions of contributions in 10's and 20's (I believe that's tru -from grass roots supporters- but obviously there were huge amounts from the mighty and powerful...isn't it time to impose a limit on campaign spending?? The media- old and new- profit enormously from political races and can't be expected to support a firm limit on individual campaign spending- but we should still try... trytry...there's
the obama campaign opted out of public financing of president elections.he has a right to raise and spend all the money he can.fyi that is almost the entire budget for the county of haiti!
I believe the best man won the great race; but such an expensive ($750 Million )race track????Let's put a ceiling on the track and run fewer cars (ads). With a ceiling we can run on a dry, fast surface and make for more parity.
Painfully obvious that Oblahma bought the Presidency and he is now owned by countless thousands....a scary proposition indeed.
But would we expect anything less from a liar that said he would use only public money then went back on his word ?
The dumb American electorate has put a moron and a liar in the White House.
Oblahama, go read some Marx and come back and share with the class how Obama is a marxist.
When he starts imposing rent controls we can have that talk.