As impressive as Barack Obama’s first quarter fundraising is — and really, it’s astonishing — it’s also worth taking a step back and looking at how both parties are stacking up, in addition to the candidates.
I was going to tally the numbers, but it looks like Eric Kleefeld already pulled the data together.
Democratic Candidates
Hillary Clinton – $26 million
Barack Obama – $25 million
John Edwards – $14 million
Bill Richardson – $6 million
Chris Dodd – $4 million
Joe Biden – $3 million
Total: $78 million
(Note: No numbers have yet been reported from Dennis Kucinich.)
Republican Candidates
Mitt Romney – $23 million (including a loan of $2.35 million from Romney himself)
Rudy Giuliani – $15 million
John McCain – $12.5 million
Sam Brownback – $1.3 million
Tom Tancredo – $1.3 million
Mike Huckabee – $500,000
Total: $53.6 million
(Note: No numbers have yet been reported from Duncan Hunter, Tommy Thompson, Ron Paul or Jim Gilmore)
Their top six vs. our top six shows a nearly $25 million advantage — demonstrating a level of excitement, interest, and enthusiasm on the Democratic side of the aisle that just doesn’t exist among Republicans, who still don’t seem altogether pleased about their field of candidates.
Sure, a lot can change over the next year and a half, but is it me or does it seem like Dems are looking forward to 2008 a hell of a lot more than the GOP?
Also consider that the notion of a “donor class” in American politics seems to have disappeared altogether. Mark Schmitt explains.
Gore and Bradley had 51,000 contributors between them; we know that Clinton and Obama have 160,000 donors between them; assume another 80,000 among the other four (proportionate to their dollars), and you have roughly a quintupling of the number of people willing to donate early to a Democratic presidential campaign.
New money and new people — this is not your father’s Democratic Party!
I actually believe the number of donors this year is at least as impressive as the dollar amounts. Maximum contribution limits have gone up since 2000, so that might explain a little of the huge windfall, but the number of individual donors reflects a) the influence of the Internet; and b) a fundamental shift in how engaged Americans participate in the process.
A year and a half before the next election, and just a few months after the last one, a quarter of a million Americans donated a total of $78 million to Democratic presidential candidates.
There’s never been anything like this level of involvement in campaign history. Ever.