Obama Raises $5.8 Million On Line After Super Tuesday
Feb. 7 (Bloomberg) -- Democratic presidential candidate Barack Obama raised almost $6 million after the Feb. 5 voting contests, all of which came from online donations.
Obama's campaign manager David Plouffe said in a letter to supporters that $3 million was raised the evening after Tuesday's primaries and caucuses. A live ticker attached to his e-mail, showing donations, recorded $5.8 million as of 11:30 p.m. Eastern on Wednesday.
In total, Plouffe said, more than 650,000 people have contributed to the Illinois senator's campaign.
The announcement came the same day that Senator Hillary Clinton of New York said she loaned her presidential campaign $5 million last month. Shortly after announcing the loan, Clinton sent out a fundraising e-mail seeking to raise $3 million in three days.
Clinton's loan ``shows the effect of the success of Obama's fundraising in January, which stretched the Clinton campaign's resources, and even then her campaign was unable to match him,'' said Anthony Corrado, a professor of government at Colby College in Waterville, Maine.
``The Clinton campaign just announced that Hillary and Bill Clinton injected $5 million of their personal fortune into her campaign a few days ago,'' Plouffe wrote. ``Thanks to you, we have raised more than $3 million since the polls closed on February 5th. But we have no choice -- we must match their $5 million right now.''
Clinton raised around $13 million in January, excluding the $5 million loan, campaign spokesman Phil Singer said. Obama, by contrast, collected $32 million, the most ever raised by a Democrat in January of an election year, $28 million of which was raised in online donations, the campaign said.
Clinton won eight states holding primaries and caucuses Tuesday, including New York, California and New Jersey. Illinois Senator Obama won 13 states, including Illinois and Missouri.
Plouffe told reporters on Tuesday that Obama's fundraising counterbalances Clinton's advantages of name recognition and political infrastructure, allowing the campaign to remain competitive and to advertise in states through April.
``We think we're going to have the money we need to wage vigorous campaigns,'' he said.
Obama Raises $5.8 Million on Line After Super Tuesday - Yahoo! News