The money primary: advantage, Obama

Looks as if he actually raised more primary money than Hillary did in the first reporting quarter.

It looks to me as if Barack Obama just blew Hillary Clinton away in the money game. Not only does he have twice as many donors, he almost certainly raised more primary money in the first quarter than she did. Her reported total was $26 million, but her campaign is being coy about how much of that was for the general election campaign rather than the primaries. His reported total was $25 million, of which $23.5 million is available for the primaries. (I suppose his computers, unlike hers, are loaded with Excel.)

If in fact a big chunk of Clinton’s money came from big donors who have now maxed out, Clinton has less room to grow than Obama does. This should have been the quarter when the Establishment candidate with the huge rolodex did best against the outsider who is still building name recognition and a money machine. From Obama’s viewpoint, it should only get better from here.

Query Has anyone looked into the question of how the huge sums now being raised change the nature of the game, especially in Iowa and New Hampshire?

Update Yep. In primary-spendable money raised in the quarter, it was Obama $23.5 million, Clinton $20 million.

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact: Markarkleiman-at-gmail.com