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Palin Boosts Democratic Fundraising

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Los Angeles Times

Published: September 22, 2008

Barack Obama received a minor fundraising bump after he named Joe Biden as his running mate but raked in huge sums after Republican rival John McCain named Sarah Palin as his vice presidential nominee.

Obama raised $66 million in August to McCain's $47 million. Obama's receipts included $22 million in contributions of $200 or less, virtually all of it sent via the Internet, Obama's latest report to the Federal Election Commission shows.

One of the most striking differences between McCain and Obama's August disclosures was donors' reaction to the candidates' vice presidential selections.

McCain received $8.8 million in the two days after he announced that Palin would be his running mate. Obama received what for him is a modest sum - $1.7 million - on the day he announced his choice of Biden and $694,000 the following day.

Obama's campaign aides said he received additional donations in increments of $200 or less, although dates for such contributions do not show up on publicly filed disclosures.

McCain spokesman Tucker Bounds seized on the difference, saying Democrat contributors were disappointed that Obama "passed over Hillary Clinton, perhaps the most popular Democrat in America."

Obama's fundraising took off once the Democratic convention started. He raised nearly $17 million between Aug. 25 and the end of the month. Obama's campaign has attributed at least some of the month-end activity to Democratic reaction against Palin's selection.

Obama's fundraising has set records for a presidential campaign. He has pulled in $454.8 million since entering the race in 2007, compared with McCain's $224.3 million.

In addition to the $66 million he raised in August that went directly into his campaign account, Obama worked with the Democratic National Committee to raise $23 million for a joint fundraising account called the Obama Victory Fund. The DNC will use that money to pay for many costs in the remaining weeks.

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