Obama in the money

For the second straight quarter, his fundraising efforts outpace Clinton's.

By Tim Grieve

Published July 2, 2007 2:12PM (EDT)

Although Barack Obama's poll numbers have remained somewhere between steady and stagnant -- which is to say, he continues to trail Hillary Clinton nationally by something like 20 percentage points -- the junior senator from Illinois is scoring well on the scale that may matter more right now: dollars.

Second-quarter fundraising figures are coming in, and -- as expected -- Obama has trumped Clinton for the second straight reporting period. Indeed, having taken in at least $32.5 million in contributions between April and June, Obama has beaten the single-quarter take of any Democrat who has ever made a run for the presidency.

Clinton raised approximately $27 million this quarter. While that's a lot less than Obama's $32.5 million, the way in which the campaigns are allocating their fundraising efforts probably says something about their respective levels of confidence: Of Obama's $32.5 million, $31 million is aimed at winning the Democratic primary, with only $1.5 million held over for winning the general election. Of Clinton's $27 million, only $21 million is earmarked for the primaries, with $6 million held over for the general.

Republican candidates haven't started releasing their numbers yet. As for the other Democrats? So far, we know that John Edwards pulled in $9 million, Bill Richardson collected $7 million, Chris Dodd received $3.25 million and Al Gore got an advance copy of the final episode of "The Sopranos."

Tim Grieve

Tim Grieve is a senior writer and the author of Salon's War Room blog.

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2008 Elections Barack Obama Hillary Rodham Clinton War Room