Obama Raises More in A Day Than McCain In A Month

We've discussed the June numbers, but (via Eric Kleefeld at TPM), we note Politico's story:

Obama roars with $25M one-day haul

After locking up his party’s presidential nomination, Barack Obama’s fundraising operation came roaring back to life in June, generating more than a million dollars on five days, including a whopping $25 million that came in on the last day of the month.

His one-day haul represents nearly half of his monthly total and more than Republican rival John McCain generated for the entire month. During the month, McCain did not have a single day in which he raised a million dollars.

Overall, Obama raised $54 million for his campaign in June, compared to $22 million for McCain.

All the oxygen is getting sucked up by the overseas trip, but let's not lose sight of the democratizing effect of $68 donations (media reporters, you are so wrong on this. This is what public financing really looks like.) When it mixes with more traditional sources, you get a whole lot of cash.

Gee, I wonder why he opted out of public campaign financing? See, the point isn't whether McCain will be funded. Republican corporate money has no where else to go, and no one wants to waste it on Congress. The point is that Obama will have enough money to not be overwhelmed by GOP corporate dollars, and run the campaign he wants on even terms. That's unheard of.

Nice change, that.

Update [2008-7-21 10:35:2 by DemFromCT]: The commenters note that bundling small donations (under $200) and reporting on the last day make for a big spash. Musikal203 also has a diary and some nice pics on the topic.