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http://www.newsmax.com/politics/campaign_money/2008/02/06/70602.html
Clinton Camp: Obama Will Outspend Us
Wednesday, February 6, 2008
WASHINGTON -- Hillary Rodham Clinton's campaign, lagging far behind Barack
Obama's fundraising this year, expects to be outspent by Obama in upcoming
Democratic nominating contests just as it was in Feb. 5 states, her
strategists conceded Wednesday.
Officials with both campaigns have said Obama raised $32 million in January
and that Clinton raised $13.5 million, a significant gap between the two
that allowed Obama to place ads in virtually every Super Tuesday state and
to get a head start on advertising in primaries and caucuses over the next
week.
In a teleconference with reporters, Clinton chief strategist Mark Penn said
Clinton was having a "record day" raising money over the Internet on
Wednesday.
"We will have funds to compete," he said, "but we're likely to be outspent
again."
Asked whether Clinton and her husband, former President Bill Clinton, had
decided to dip into their own wealth to finance the campaign, Penn said,
"I'm not aware that they have." Campaign communications director Howard
Wolfson said he would inquire. The Clinton's financial disclosures, which
reveal only broad ranges of assets, place their wealth between $10 million
to $50 million.
Clinton's name recognition and lead in polls in some of the bigger upcoming
states give her an advantage and Obama's higher spending rate did not
translate into victories in several states Tuesday.
But the terrain ahead features contests in the short term that are favorable
to Obama. On Saturday, Obama and Clinton will compete in Louisiana and
Nebraska primaries and a caucus in Washington. On Tuesday, Virginia,
Maryland and the District of Columbia hold primaries.
The Clinton camp is counting on March 4 matchups in Ohio and Texas and an
April 22 primary in Pennsylvania. All three are expensive states in which to
campaign.
Obama's camp signaled that he was ready to invest money in those states as
well. "We think we're in strong financial position so if we choose to do so
in the later states we'll have the ability to do that," campaign manager
David Plouffe told reporters Wednesday.
Clinton spent $15 million in December going into the Iowa caucuses and the
New Hampshire primary. Her campaign spent at least $9 million in the last
two weeks of January advertising in Super Tuesday states. Obama spent about
$11 million in Super Tuesday advertising.
Clinton raised $23.7 million in the last quarter of 2007 for the primary
elections compared to Obama's $22 million. Both had about $18.5 million cash
on hand for the primaries going into January. But Obama roared to a
fundraising lead in January by collecting money at the rate of at least $1
million a day and attracting more than 170,000 new donors.
Obama also has a money advantage because he has raised more money from small
donations than Clinton. An analysis by the Campaign Finance Institute, which
tracks trends in political money, found that Obama raised about a third of
his money in 2007 from donors who gave $200 or less. Only one-third of his
money came from donors who have given the legal maximum of $2,300, compared
to Clinton who raised about half of her money from "maxed out" donors and
only 14 percent from donors of $200 or less.
Clinton Camp: Obama Will Outspend Us
Wednesday, February 6, 2008
WASHINGTON -- Hillary Rodham Clinton's campaign, lagging far behind Barack
Obama's fundraising this year, expects to be outspent by Obama in upcoming
Democratic nominating contests just as it was in Feb. 5 states, her
strategists conceded Wednesday.
Officials with both campaigns have said Obama raised $32 million in January
and that Clinton raised $13.5 million, a significant gap between the two
that allowed Obama to place ads in virtually every Super Tuesday state and
to get a head start on advertising in primaries and caucuses over the next
week.
In a teleconference with reporters, Clinton chief strategist Mark Penn said
Clinton was having a "record day" raising money over the Internet on
Wednesday.
"We will have funds to compete," he said, "but we're likely to be outspent
again."
Asked whether Clinton and her husband, former President Bill Clinton, had
decided to dip into their own wealth to finance the campaign, Penn said,
"I'm not aware that they have." Campaign communications director Howard
Wolfson said he would inquire. The Clinton's financial disclosures, which
reveal only broad ranges of assets, place their wealth between $10 million
to $50 million.
Clinton's name recognition and lead in polls in some of the bigger upcoming
states give her an advantage and Obama's higher spending rate did not
translate into victories in several states Tuesday.
But the terrain ahead features contests in the short term that are favorable
to Obama. On Saturday, Obama and Clinton will compete in Louisiana and
Nebraska primaries and a caucus in Washington. On Tuesday, Virginia,
Maryland and the District of Columbia hold primaries.
The Clinton camp is counting on March 4 matchups in Ohio and Texas and an
April 22 primary in Pennsylvania. All three are expensive states in which to
campaign.
Obama's camp signaled that he was ready to invest money in those states as
well. "We think we're in strong financial position so if we choose to do so
in the later states we'll have the ability to do that," campaign manager
David Plouffe told reporters Wednesday.
Clinton spent $15 million in December going into the Iowa caucuses and the
New Hampshire primary. Her campaign spent at least $9 million in the last
two weeks of January advertising in Super Tuesday states. Obama spent about
$11 million in Super Tuesday advertising.
Clinton raised $23.7 million in the last quarter of 2007 for the primary
elections compared to Obama's $22 million. Both had about $18.5 million cash
on hand for the primaries going into January. But Obama roared to a
fundraising lead in January by collecting money at the rate of at least $1
million a day and attracting more than 170,000 new donors.
Obama also has a money advantage because he has raised more money from small
donations than Clinton. An analysis by the Campaign Finance Institute, which
tracks trends in political money, found that Obama raised about a third of
his money in 2007 from donors who gave $200 or less. Only one-third of his
money came from donors who have given the legal maximum of $2,300, compared
to Clinton who raised about half of her money from "maxed out" donors and
only 14 percent from donors of $200 or less.
