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Vote 2008: Presidential Election Coverage

Presidential Race

Obama Nets $7.8M in One-day Fundraising Haul

By Alexis Matsui on August 18, 2008

Illinois Sen. Barack Obama raised $7.8 million for his campaign war chest in San Francisco Sunday night, a single-day haul Obama with Fairmont Hotel Staff; Photo: jurvetson on Flickr
that the Obama camp claimed broke a political fundraising record.

“I will win. Don’t worry about that,” Obama told a crowd of about 1,300 at his third event of the evening, according to Politico.
The San Francisco stint followed Saturday’s reports that the Democrat’s campaign brought in $51 million in the month of July.

The three-part California fundraiser, which targeted wealthy South Asian and Pacific Islander voters, included a meet- and-greet that cost participants $2,300 a head and a “VIP” ballroom event that cost $28,500 per couple.

Obama’s July haul combined with totals from Sunday night’s California fundraisers put the presidential hopeful on track to accrue half a billion dollars toward November’s election, the Washington Post reported.

While Republican rival Senator John McCain celebrated the largest monthly intake of his 2008 run, in July the Arizona Senator will be subject to fundraising and spending restrictions when he accepts public funding for his campaign in September.

While speaking to donors in San Francisco Sunday, Obama urged his supporters not to get anxious as the election approaches.

“Democrats, because we’ve burned in the last few elections, get nervous and skittish right around this time,” he said, encouraging the crowd to not be intimidated by negative Republican campaigning tactics. “Keep your stress to a minimum,” he added.

One of the topics Obama addressed was the new best-selling book by Jerome Corsi entitled “The Obama Nation,” which slams the Democratic candidate’s record by emphasizing his relative inexperience and portrays him as a radical. Obama said book’s content “just kind of sprung full bore out of the guy’s head,” in his first public comment on the publication.

Obama’s totals for July mark the third-highest fundraising month of his presidential campaign. In February, he raised a record-breaking $55 million.

Obama’s campaign has credited Internet fund-raising efforts for their large totals, but the team has also “engaged in an aggressive courtship of the nation’s wealthy elite,” the Washington Post reported. According to the Post, Obama has at least 35 bundlers who have each raised more than $500,000.

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