April 4, 2007 — In a conference call with financial supporters this morning, the campaign of Sen. Barack Obama, D-Ill., announced that it had raised an eye-popping $25 million, with almost all of it — $23.5 million — raised for use during the Democratic primaries and caucuses.
The announcement puts him within striking distance of the total raised by his more experienced rival, frontrunner Sen. Hillary Clinton, D-N.Y., who reported raising $26 million in this first quarter.
More significantly it likely puts him at an advantage over Clinton when it comes to money raised for use in the primaries. Clinton’s campaign has not provided the media with the breakdown of how much of its $26 million has been cordoned off from its use unless she wins the Democratic primary nomination.
The figure — stunning for any politician, and all the more so for one so new to the political scene — seemed to indicate that there was something potentially unique about Obama’s candidacy, as he out-raised many more experienced, older politicians.
After the first financial quarter ended Saturday night, former Republican Massachusetts Gov. Mitt Romney announced that he had raised $21 million, all of it for use in the primaries. Former New York Mayor Rudy Giuliani raised $15 million; Sen. John Edwards, D-N.C., said he had raised $14 million; and Sen. John McCain, R-Ariz, said he had raised a disappointing $12.5 million.
Some other figures of note:
–Obama received donations from more than 100,000 donors, far surpassing any other candidate, including Clinton (50,000), McCain (45,000), Edwards (40,000) or Romney (32,000)
–$6.9 million of Obama’s donations came from more than 50,000 donors via the Internet, far surpassing any of his rivals
–90 percent of Obama’s donations were small donations of $100 or less