By David Schoetz

Dec 5, 2008 12:02am

Closing Arguments: Obama’s $400-Million Edge

What’s $400 million between presidential candidates?

We learned tonight the fundraising totals for president-elect Barack Obama and Republican Senator John McCain during the 2008 presidential campaign.

Obama raised roughly $745 million — a staggering total — compared to McCain’s roughly $320 million. (These figures do not include money from the DNC and RNC — which would push the Democrats closer to $1 billion and the Republicans closer to $630 million.)

McCain’s sum includes $84 million that he received from entering into the public financing system. Obama, of course, was criticized for going back on his word when he opted out of public financing.

So tonight, we ask you: Do you think Barack Obama would have won the presidential election without his $400 million advantage?

Tell us what you think.

User Comments

Are you kidding? Obama didn’t stand a chance until my machine kicked into gear and started the cash tidal wave a flowin’!!! I told him to forget about that public financing he promised to take, and watch “hope and changeTM” leave McCain in the dust. Sucker!

Posted by: oprah | December 5, 2008, 12:17 am 12:17 am

I would love to see the list of donors. $745 Million = 70 Million Democratic votes. If 1 in 10 Democrats that voted contributed. It would require that they each give $106. I don’t think 1 in 10 gave to the campaign and I don’t think that they averaged $106. If so where is the bad economy. So the question is where did he get the money?

Posted by: REL | December 5, 2008, 12:26 am 12:26 am

No, I do not think that Obama would have won without the $700+ million. I was very disappointed in him for not keeping his word on taking public funding.
I have felt for years that it is a shame that our Presidency is open to the highest bidder.
I think we should limit the amount of money that candidates can spend. I also think that we should limit the length of time that people have to run a campaign. Having people run for President for two years is ridiculous.

Posted by: L Nichols | December 5, 2008, 12:29 am 12:29 am

No, I do not believe Obama would have won without his $400 million. Money does a lot more than talk; it buys people and votes and that is exactly what Obama did, he bought the presidency. Doesn’t the candidate with the most money always win? Maybe you should look into that. And how is it that this country is in a recession and yet that insane amount of money can be raised for one man? It would have made a very nice stimulas package; maybe Obama should bail out the auto industry!!

Posted by: Melody | December 5, 2008, 12:31 am 12:31 am

The more money you spend the more people you can persuade that what you are selling is the real deal.
Then after he won, to try to do what he sold his backers, he calls on many of his former opponents so that they can possibly make some of his promises came true.
One more time enough money can buy a personal ego dream.
Next question is can money buy the supreme court.

Posted by: Roger Kindinger | December 5, 2008, 12:32 am 12:32 am

All this money proves that Obama is not a man of his word.

Posted by: young_voter | December 5, 2008, 12:40 am 12:40 am

No win without Geo. Soros and the Hollywood elite! As far as I’m concerned, he cheated and used every trick in the book to win. So far all the campaign promises were just that! He has changed his mind on everything he said during the campaign! All hot air, no substance. We have elected an empty suit, ill prepared as a community organizer to run this country. I’d also like to see a list of those doners.
In two years, he will probably be un-electable for a second term unless he can prove he is the messiah his supporters think he is!

Posted by: Fl.chick | December 5, 2008, 12:40 am 12:40 am

We all know that it takes a lot of money to win an election, but I think that it is simplistic to think that money was the only advantage Obama had in this election.
Obama’s biggest advantage is that he rediscovered something that a lot of politicans have ignored for too long, mainstreet. I believe that the average person in the United States feels invisible to the government. “We the People” have become an obstacle to overcome, with regard to special interest groups. Not only does it take money to win an election it takes money to get your voice heard by legislators. I think that people hope that an Obama administration is interested in mainstreet and will make decisions that will positively effect the average person.
After eight years of Bush/Cheney Obama is a refreshing change and long overdue!

Posted by: Macaw608 | December 5, 2008, 12:45 am 12:45 am

Of course he would have won. Most of the money came from grassroots because people believed in him as they should. We were ready for change and honesty and a time where all people are included to feel welcome as a part of our country and a man with extraordinary brains to lead us. If this country wasn’t so prejudiced, he wouldn’t have needed so much money to win. He needed a lot of exposure so that his color wouldn’t feel so alien to us.

Posted by: Fairylander | December 5, 2008, 12:50 am 12:50 am

Maybe it helped… so what… if ya wanna place blame…talk to george w
…what helped more is that the moron in charge…aka bush …screwed this country so bad and sent it so wacky right that anything in the office other than another rich white boy running this pony show is a winner…
.Thanks George !..I love it..
A black man with a muslim name..
Obama is as far from a wacko republican as we can get….
And thats the best news of the last 8 years
Adios money grubbing, paranoid, earth killn, religious fruitloops…
normal people are back in charge…!!!

Posted by: kevin | December 5, 2008, 1:07 am 1:07 am

I think he won because he stated his ideas, did not use public funds instead he convinced the voter to elect him by contributing to his campaign therefore being able to spread the word to other voters. Once voters saw other voters working for him by contributing more became involved. It turned out that the voters got the canditate they wanted thru personal involvement.

Posted by: Peggy | December 5, 2008, 1:19 am 1:19 am

I am sure the money gave him a leg up, and thank Heavens for small favors! My husband and I both donated to the campaign in small sums repeatedly, totaling about $1,500 over the course of about 18 months, a big amount to us. Actually, a lot of our friends were doing the same. Everytime I heard Sarah Palin spouting off about him “palling around with terrorists”, I kicked in another $25.00.
Democrats learned a hard lesson in 2000 and 2004. He who hesitates to spend big bucks is lost. It’s not a pretty system and it’s not fair, but if people are going to stand up and tell bold faced lies about you, you have to fight them somehow. I am glad Obama reconsidered his options and let the people of America get behind him.

Posted by: Phoenix Lady | December 5, 2008, 1:20 am 1:20 am

The highest position in American politics went to the ‘highest bidder’, and if that much money came from only ‘grassroots supporters’, perhaps it was not necessary for flyers with the following: “Need a job? Work for ACORN-PAC! $8/hr Part-time campaign work available, Bilingual preferred, car required, must be 18 years old. Let’s fight to improve our community!” I kept the flyer ;). Obama sadly was our only choice in comparing the Democratic platform to Senator McCain, but I am still leery of President-elect Obama. If he wasn’t on TV all the time (with Davids Axelrod and Plouffe crafting his speech and media image- no word on how much their Public Relations firm charged Obama though!), Obama might still have won, but it would have been a tighter race. Bush is the reason the Republicans lost; it was ‘crash and burn’ for the past 8 years, damming America except for Big Oil, Big Business, and his closest allies (even those who took the fall for the lame duck President). MSNBC even hinted that Mount Rushmore may have an additional face…sigh. And it’s not even January yet! I term this the Audacity of Arrogance.

Posted by: KeepDChange | December 5, 2008, 1:26 am 1:26 am

It is a national disgrace that Obama won this amount of money and also went back on his word about campaign financing. There should be laws preventing raising this much money and buying an election.
The American people who voted for change and Obama were duped. Change is not really coming–as we are going back to people in cabinet from former administrations. Also, Obama is now back-peddling about getting out of Iraq. We are definitely not getting out of Iraq as he promised in 16 months –In other words, he did not know what he was talking about and Bush made the negotiations about staying in until 2011 or 2012. Furthermore, Obama is now back-peddling about doing away with Bush tax cuts on the wealthy –which he promised that he would change. Why did people trust this double-talker, with a liberal and inexperienced record in the Senate. Wake up Americans, you who voted for him despite his former illegal drug use, associations with questionable moral characters, are now being taken for a ride.

Posted by: Karen Borek | December 5, 2008, 1:30 am 1:30 am

It is a national disgrace that Obama won this amount of money and also went back on his word about campaign financing. There should be laws preventing raising this much money and buying an election.
The American people who voted for change and Obama were duped. Change is not really coming–as we are going back to people in cabinet from former administrations. Also, Obama is now back-peddling about getting out of Iraq. We are definitely not getting out of Iraq as he promised in 16 months –In other words, he did not know what he was talking about and Bush made the negotiations about staying in until 2011 or 2012. Furthermore, Obama is now back-peddling about doing away with Bush tax cuts on the wealthy –which he promised that he would change. Why did people trust this double-talker, with a liberal and inexperienced record in the Senate. Wake up Americans, you who voted for him despite his former illegal drug use, associations with questionable moral characters, are now being taken for a ride.

Posted by: Karen Borek | December 5, 2008, 1:30 am 1:30 am

The money raised by Barrack Hussein Obama is just another example of the pimpification of America. As far as I’m concerned the Presidency was sold off. They sold the presidency and cheapened the office of the presidency. When a senator spends 20 million to get elected and the presidential canidate spends 700 million it’s time for change! It should be illegal to take contributions from out of the United States and Citizens of the U.S. should be the only ones who should be able to contribute. You should also have to provide absolute proof of your citizen ship and birth certificate BEFORE you run for office. The media touted big business as the villains getting Bush elected, I would argue that 700 million is pretty BIG business. The washington elite run on platforms that are targeted to the middle working class as if there was some connection between the two. They lost touch with the middle class years ago.

Posted by: j MORLEY | December 5, 2008, 1:54 am 1:54 am

President-Elect Obama most certainly
would have won easily because he had by
far the bigger following and he was so
much a better candidate than McCain.
McCain didn’t even know where he was
half the time. He never had a message
that he stuck by, only being nasty ttoward Pres-Elect Obama. McCain and
Palin both were just as common as they
could be.
P>E> Obama did exactly what he shuld
have done by passing up the public
funds. He got his contributions honest
by all his many small contributors like
me that had never contributed before
but I knew that there was something
special about him that was worth putting him into office to be our next
President. After 8 yrs of such hell
with Bush, we must have a President
with some smarts.
I think he is really the one that we
need eventhough he is really
inheriting a dam mess from the Rep Adm.
I think Terry M is a true Rep because
I remember him interviewing Obama before
and not being that cordial to him.
It certaily looks like Obama is off to
a good start and he hasn’t even taken
his oath yet which a lot of people
can’t wait along with me.

Posted by: betty rachels | December 5, 2008, 1:58 am 1:58 am

I had to pinch myself to make sure I wasn’t watching a FOX network when I heard the question. The majority of Americans that voted for our President Elect voted for him because he stands and believes in change and America. We are a nation longing for a leader that believes that everyone contributes to the strength of our country and that with everyone working together we are the strength that is the USA. He never said it would be easy or fast, but at least now we finally have something or at least someone to believe in. Stop the nonsense and support our new president. If he falters in your expectations, please vote in another four years. Until then be a true American and support our new President Elect…. Our nation needs you to do so.

Posted by: Sheri | December 5, 2008, 2:02 am 2:02 am

I had to pinch myself to make sure I wasn’t watching a FOX network when I heard the question. The majority of Americans that voted for our President Elect voted for him because he stands and believes in change and America. We are a nation longing for a leader that believes that everyone contributes to the strength of our country and that with everyone working together we are the strength that is the USA. He never said it would be easy or fast, but at least now we finally have something or at least someone to believe in. Stop the nonsense and support our new president. If he falters in your expectations, please vote in another four years. Until then be a true American and support our new President Elect…. Our nation needs you to do so.

Posted by: sheri | December 5, 2008, 2:07 am 2:07 am

2004: Kerry-Edwards accepted the public financing money and lost the Presidential Election. Meanwhile, Obama was introduced at the DNC in Boston by Kerry (perhaps he knew if “I didn’t win, I’ll still have my Senate seat, plus I’d launch this individual to the national spotlight.”) He wins the US Senate representing IL (with little opposition from Republicans?!). Pelosi and Howard Dean are quite pleased with this as well; Barack Obama’s speeches bring dollars and votes to the Democratic Party.
2005: Washington Post reports that Obama ‘has no intention to run for the 2008 Presidency’….guess Obama reneged on this as well… And,
2008: Obama reneged on public financing (I’m sure he learned from the 2004 election and his book sales!) and helps to bring in over 700 million dollars. They’re still having ‘Change House Parties’; perhaps it’s to get the community to fuss at their state representative to help bring about the “Change to Washington” that was Obama’s platform. I hope so, because I’ve heard enough talk from the press conferences already (talk about “on the job training”!). Obama’s one man. He can’t even run his own White House (the Mom-in-Law and Michelle are in charge!). Hopefully, it will be a productive 4 years in between hearing about what is going on IN the White House…

Posted by: Inez | December 5, 2008, 2:08 am 2:08 am

Combined funds of perhaps 1 1/2 billion dollars is profane. The fact that the People allow this is representative of everything wrong in America. Network and cable news channel revenue from just the two candidates was in the 100′ of millions. Add a three to one advantage for Obama and imagine the influence on the funds recipents. The media was biased. It is sickening, and we need new campaign laws.

Posted by: jerry owens | December 5, 2008, 2:13 am 2:13 am

I have never seen a Presidential campaign that has bought his election the way Barak Obama has. Anyone can win a vote spending as much money as he did and I think a lot of the money came from illegal donations from people not even in this country. I didn’t like either candidate very well but I don’t feel that Obama will be honest with the American people.I feel that America is in for a big surprise and it’s not a good one.
I feel that 2 years is way to long to run and that much money should never be allowed to be spent when there are so many people in our country that are suffering.
Oh and by the way any one who thinks race has anything to do with it…think again. Even if Obama were white or Native or anything else he still scares me to death… and I feel he will ruin our country.

Posted by: Vicky | December 5, 2008, 2:14 am 2:14 am

From my Business Communication class at the MBA level and my other studies this is how I relate to Obama’a win: (1) During an emergency situation people want to know that smart people are in charge, (2) Strauss and Howe (1997) speak of the resolution of the Crisis Period that we are now in, which is set to resolve around 2025, as wanting to show that they belong; and will support leaders even when they are wrong, (3) Andrew Jackson had the Presidential Election stolen from him; and in the next election people voted for him with a vingance, (4) Mosca (1939( states, “That to survive, a society must accept qualified minorities in upper positions.”, and (5) the culture of America demand fairness and an equal chance for those deemed worthy — which Bush violated with his high-handed tactics. It is my final opinion that people would have voted for anyone who allowed them to correct the wrong Bush and the Republicans fost on the American people, and the worlds citizenry.

Posted by: olin tucker | December 5, 2008, 2:17 am 2:17 am

I voted for Obama, but I only had one other choice. He was NOT the best candidate, but due to the $$$$ and the media, he was the only choice. The previous administrations that Obama has selected for his cabinet are from a period where jobs were scarce, and the economy was sluggish; a Bush adminstration. Only now, ‘Baby Bush’ made it worse; since Obama is all about speeches, and his compadres from IL have little experience in this the economic area, he has little choice but to go with Clinton’s personnel. Obama probably knew this when it became a 2 person race for the Presidency. I probably more accepting of Obama (he’s the President), but I’m more leery of First Lady Michelle. She can get MAD at the smallest things; you know she wears the pants in the family! I’m sure it took lots of $$$$$ to help with her PR!
I’ll wait and see, but I’ll keep my eyes open and reviewing non-biased media. Right now, all the major outlets are selling ‘commemorative issues’ of their magazines with Obama, yet again, on the cover. Are any of these conglomerates even considering donating a teeny percentage to charity (or a worthy cause)? NO– it’s all about the $$$$$$. Just as Obama’s Presidential campaign turned out to be. He’s a politican from Chicago (beware!) and will say what’s necessary to sound both eloquent and electable. America didn’t want to hear the truth; that’s painful. We voted for the younger, gentler message. Now it’s indeed early (no inauguration yet!), but I read in the NYT opinion page that if there a way to just get the Chief Justice to swear in Obama as Commander & Chief and do away with the EXPENSIVE ceremony and parties/balls; thereby saving tax-payer money (unless the windfall that Obama raised pays for the January events!), then DO IT- America is in crises and this would send a message that President Obama and his cabinet have work to do. I don’t think Michelle and Oprah would be too pleased…

Posted by: KeepDChange | December 5, 2008, 2:23 am 2:23 am

I appreciate that we now have the opportunity to comment here on Nightline. Prior to Election Day, if I wrote the way I’m writing now, the comments would have been flagged and removed- seriously! Now, the media is permitting freedom of speech (within reason) since their Anointed One will be installed as President in January…
Mission Accomplished.

Posted by: KeepDChange | December 5, 2008, 2:37 am 2:37 am

Just FYI: At least they are not asking for any funds now. Pushing the Change platform and helping with food/blood drives and animal shelters. Good ideas from the staff (Obama’s NOT hands-on…yet!):
http://my.barackobama.com/page/content/changeguide/
Putting the issues forward with the media up front in the local community sounds as if they want to change politicians within the state and local arenas as well….I only hope it’s change for the better (and not for another reason!).

Posted by: Inez | December 5, 2008, 2:46 am 2:46 am

It is truly amazing how Nightline has managed to diminish the hard-won victory of Pres. Elect Barack Obama. It is not just the $400 million advantage, it is because his change message-campaign mobilized voters and organizers to register more than 8 million voters, or am I giving a national underestimated count? And in LA County alone, since 1960s, we have not had a turnout of 82% of registered voters, we did in this 2008 elections. So, it is a confluence, an intersection of positive factors: a clear message, a broad, exciting vision, a movement of organizers, an excited electorate, and a fundraising machinery funded by the grassroots and other moneyed interests. So, to take one factor out of the many is misleading on the part of Nightline and disrespects the electorate.

Posted by: Prosy | December 5, 2008, 3:14 am 3:14 am

No, Obama would not have won had he not outspent McCain. You know the old adage–repeat a lie often enough (Obama had so many) and people will believe it, and for that, you need LOTS of money.
Obama is owned by someone–and it’s not the American people. I agree with REL.
It used to be a source of shame for a candidate to spend a lot of money. When did that change?

Posted by: Marcia | December 5, 2008, 3:16 am 3:16 am

Obama you’ve done good…now bring home the bacon and set this country straight. Amen.

Posted by: Boomer | December 5, 2008, 3:25 am 3:25 am

I would have voted for President-Elect Obama, money or no money. I knew he was the right person for the job long before a lot of other folks did.
As for the money, all of those little dollars add up. I contributed, family and friends and contributed. It isn’t hard to nickel and dime that much money. Haven’t you ever shopped at Costco?
And now to hear people so critical and that he “bought” the election? Give me a break! He fought long and hard for this. Obama was not the DNC choice, Hillary was. He was not supposed to be the Democratic candidate.
But he used the internet in a way that no other candidate had (and honestly, I am a little relieved not to be getting “donate now” e-mails anymore) They fundraised like hell and every dollar was worked for.
A lot of people donated more than $100 to his campaign because like me, we were investing in our country’s future.
And to hear criticism of the “Change House Parties”? Do you even know what they are? They are asking us, Americans, to get together and discuss what we want for the future of OUR country.
Of course, that’s bad…
Silly, bitter, crazy conservatives. We’ve lived through your hell for 8 painfully long years. It’s over!
8 years of an unjustified war. 8 years of big business stepping on the American people with perks to the credit card companies allowing them to rape people with hokey interest and making it harder for those in danger of sinking to get help.
8 years of lies. 8 years that slowly but carefully stripped away our freedom with the passage of the Patriot Act.
THAT is why Senator Obama is now our President-Elect and you have NO ONE to blame but yourselves.
Suck it up.

Posted by: Michelle | December 5, 2008, 3:29 am 3:29 am

President Elect Obama would not have won this presidential campaign without all of the television commercials his smart campaign managers bought with the millions and millions of dollars they raised. Obama is a typical politician, say one thing and do the other. Do the other which will make you the most powerful. Do what will make you the winner. Integrity went out the door. Greed and excess came marching in showing their ugly faces.

Posted by: Just a Mom | December 5, 2008, 3:34 am 3:34 am

What are you people thinking?!! It didn’t matter who the Republicans put out there. Look at the mess we’re in at home and abroad. This wasn’t decided in November. Money or not, it was going to be a banner year for Democrats. It was history making all the way for that party. It was a question of which history – a black man or a white woman.

Posted by: Alana | December 5, 2008, 3:35 am 3:35 am

I believe he would have won without the money.
I am a Republican and, while I do vote the candidate, not the pary, my votes for decades have usually aligned themselves with my party.
This year, for the first time in my life, I contributed to a presidential candidate’s bid for election, and I contributed to Obama – TWICE! I think people would be really surprised how many people did just as I did. All of us were ready to vote for him BEFORE we sent in our 106 dollars (actually more from me… I’m just using the average quoted above).
We have a name for those sour grape people who are now crying ‘fraud’… we call them JEER LEADERS.
My biggest fear is that these people will let their anger at losing make them more interested in finding ways to sabotage the winner, than to be part of the solution to our problems.

Posted by: Kimi | December 5, 2008, 3:50 am 3:50 am

I should add, that while I have always volunteered my time in past elections, this was the first time we had ever donated money to a candidates campaign.
The amount he raised isn’t indicative of greed, it is indicative of the desperation so many Americans (and the reason why we voted for him) had to bring back an America that we could be proud of. To have an America that my father and his brother fought to defend.
Clearly, we wanted this more than McCain’s supporters did because not only did we show up but we opened our wallets, pulled out our checkbooks, and put our money where our mouths were.
Senator McCain relied on the old money like all previous candidates did. We proved that while our amounts were $30k fundraising dinners from elites, we add up. We counted.
That on top of all the hours we put in going door to door, working as volunteers and participating in caucuses, conventions, and some just plain registering to vote for the first time.
This entire discussion is just silly.

Posted by: Michelle | December 5, 2008, 4:00 am 4:00 am

They say mud sticks. Palin is EVIL and UNPRICINPLED said grotesque lies. Palin and McCain (who no doubt would have ended up killed to make way for bird brained but EVIL Palin if he had been elected)did not hesitate to spread FEAR and GROTESQUE LIES to frighten the people into voting Republican. Of course Obama needed the money to correct the lies spread about him. Religious people do not say nasty things about people to win, they focus on their goodness and attract people by their goodness. Palin is therefore not really religious but a hypocrit with EVIL in her heart and happy to spread EVIL.
And how about all the money spent in campainging by the rifle and gun lovers?

Posted by: gina | December 5, 2008, 4:59 am 4:59 am

Of course the money won !! We can only hope that Obama and the people he chooses to “rule” over all of us keep
“We the People” front and center !!
The People hired him—The People can fire him !!!

Posted by: Ann | December 5, 2008, 5:55 am 5:55 am

400 million bucks doesn’t buy an enormous electoral landslide. The question itself implies that a presidential election can be a bought and sold commodity. Which could be the case in other nations, but not here. Ultimately, the focus and question posited on the funding by ABC cast aspersions on the country, not the candidate.

Posted by: kat | December 6, 2008, 1:28 am 1:28 am

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