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Monday, June 09, 2008

Obama could raise $100 million in June, fundraisers say

Source: The Hill
Leading Democratic fundraisers predict that Sen. Barack Obama (D-Ill.) will raise hundreds of millions of dollars over the next few months if he opts out of public financing and begins raising money for the general election.
Specifically, they say Obama could raise $100 million in June and could attract 2.5 million to 3 million new donors to his campaign.
These fundraisers say Obama could increase his fundraising dramatically because of three factors: a boost of enthusiasm among Obama donors following his clinching of the nomination; the migration of Sen. Hillary Rodham Clinton’s (D-N.Y.) donors to his camp; and the mobilization of big Democratic donors who have given little so far this year.
Record-breaking projections give Obama strong incentive to pass up $85 million in public funds that his opponent, Sen. John McCain (R-Ariz.), has said he would accept.
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Alan Kessler, who served as one of Clinton’s national finance co-chairmen, said that Obama’s record-breaking fundraising has left little doubt that he could raise $100 million in a single month, a total that would have been considered impossible a few years ago.
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