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April 02, 2004

Kerry Campaign Raises $50 Mln

By Karl-Thomas Musselman

Surpassing the estimates being floated around earlier this week ($43 million), the Kerry Campaign boasted total incoming cash flow of over $50 Million for the past three months. This is unheard of (for Democrats anyways).

Reuters

John Kerry's presidential campaign raised more than $50 million in the first quarter of 2004, a record for any nonincumbent White House contender, including George W. Bush, the Democrat's staff said on Friday. Grass-roots contributions, many made on the Internet, accounted for $35 million of the quarterly total, Kerry campaign manager Mary Beth Cahill said in a telephone news conference.

She said the campaign raised $38 million in March, the month that Massachusetts senator clinched the party nomination to run against President Bush in November.

"Our grass-roots donors have been the backbone of our fund-raising this month, breaking every online record," Cahill said, adding that the campaign is more than halfway to its goal of raising $80 million before the Democratic National Convention in July.

The quarterly total breaks the $29 million record for a nonincumbent presidential contender, which was set in 1999 by then-candidate Bush, she said. Since 1999 the donation limit to a candidate has been doubled, which could account for some of the difference.

Also of note was the 2.6 million dollar fundraising day in Early March (4 or 7, I hear conflicting reports) that beat Dean's big day at the end of Q3 2003. Now just a comment on all this, I'm am positive that a lot of this money is not "pro-Kerry" money in the sense that people are more anti-Bush than anything else (a longer term problem, but we can deal with that later) and the fact that I think anyone once they became the nominee was going to get a huge surge of fundraising.

But hands down, it's a good thing for John Kerry and the Democratic Party (which also is free of debt and doing recording fundraising as well, even after he campaign finance laws).

Posted by Karl-Thomas Musselman at April 2, 2004 03:07 PM | TrackBack

Comments

LETS HERE IT FOR NONINCUMBENT RECORDS, ITS THE only THING YOU'AL HAVE TO HANG YOUR HAT ON.

Posted by: peter at April 2, 2004 03:30 PM

That, and a hatrack.

Posted by: Karl-T at April 2, 2004 10:04 PM

Please help me help the country by bolstering our purpose: electing Democrats to control in the House and the Senate. Go here: www.StopCheneyinLA.com.

Posted by: getinthemix at April 2, 2004 10:34 PM

Well, I did my part and just sent $250.00 to Kerry.

Posted by: WhoMe? at April 3, 2004 06:01 PM

As a hardcore Deanie, I've not been looking forward to this moment, but I'll be sending in a contribution to Kerry soon. I'll be sending the majority of my campaign budget (not a large amount by any stretch) to advocacy groups, but Kerry will still get a cut.

Posted by: Incertus at April 3, 2004 07:52 PM
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