Wednesday, April 4, 2007

Obama Cash-O-Rama

The speculation had been that Obama was putting off announcing his first quarter fundraising totals because it was either very good or very bad news. Well, it's very good. With $25 million raised, Obama is just a shade under Hillary's $26 million, but his fundraising base is far wider: more than 100,000 people gave, just about twice Hillary's total. 90% of his contributions were under $100.

This bodes well for Obama's future fundraising prospects. It probably means that fewer of his donors are maxed out, and are thus likely to keep on giving.

Also of note: two of the Dem's leading candidates beat out the Republicans' leading fundraiser, Mitt Romney ($23 million.) This just might be that rare cycle where the Democratic candidate has a monetary advantage over the Republican.

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