Obama spends less in June, saves resources

[DeepModem Mom]

AP: Obama spends less in June, saves resources
By JIM KUHNHENN

WASHINGTON (AP) — Barack Obama's army of small-dollar donors gave his presidential campaign its biggest boost in June, contributing more than $30 million in individual sums of $200 or less. Overall, the presumed Democratic presidential nominee hauled in $52 million for the month, reversing a three-month fundraising decline. He also had his lowest spending of the year, permitting him to build a $72 million end-of-month cash reserve....

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Obama reported spending $25.6 million in June, his lowest monthly operating costs of the year. McCain disbursed $27 million, including $1.2 million to a special accounting fund for the fall campaign.

Unlike McCain, who spent more than he raised in June, Obama accumulated cash during the month. While he ruled on the airwaves with ads during the primary season, he refused to match McCain's ad spending in June. McCain devoted $16 million to advertising to Obama's $5 million. Obama is now matching McCain's and the Republican Party's ad spending.

Both sides are also getting outside help from partisans. The liberal group MoveOn.org and the American Federation of State County and Municipal Employees spent more than $500,000 on an ad in June that portrayed McCain's Iraq policy as a prolonged presence that would involve a new generation of Americans. This week, two conservative groups began airing anti-Obama ads....

The different financial pictures between Obama and McCain reflect two distinct strategies by the campaigns. McCain plans to accept $84 million in public funds for the fall campaign, which prevents him from raising or spending any money above that sum. In deciding to bypass the public finance system, Obama became the first major-party presidential candidate in three decades to do so in the general election. That means he needs to build up his cash reserves going into the fall, whereas McCain needs to deplete his....

http://ap.google.com/article/ALeqM5iU_P23eyGmxqE8EEa7ba6r86BpIwD922KQ700

[anonymous171]

1. I hope he launches a full on barrage of negative ads in October.

[Muttocracy]

2. smart smart smart campaign... nt

[Hippo_Tron]

3. Guess those town hall meetings McCain is holding aren't enough