Wednesday, February 07, 2007

Campaign 2008: Cranking Up The Money Machine

This is HUGE -- getting TWICE as many as Hillary!


FEBRUARY 12, 2007, Business Week


Campaign 2008: Cranking Up The Money Machine 

Obama has been lining up Democratic fund-raisers, but Clinton has a lot more cash


In the scramble to raise millions for the 2008 Presidential election, Jan. 24 was a pivotal day.Even as Senator John Kerry (D-Mass.) choked back tears during his announcement from the Senate floor that he would not seek his party's nomination, the cell phones and BlackBerrys of his fund-raisers across the country began buzzing.


Campaign aides and allies of Senators Hillary Clinton (D-N.Y.) and Barack Obama (D-Ill.) seized on the announcement and began dialing the 150 or so Kerry loyalists who had raised millions for his 2004 Presidential bid. "Everybody had their lists of Kerry people, and they were calling immediately," says John Roos, chief executive of Palo Alto (Calif.) law firm Wilson Sonsini Goodrich & Rosati, and a Kerry fund-raiser who now supports Obama.


Kerry's loss has primarily been Obama's gain. The newcomer has secured commitments from 27 of the 41 former Kerry backers who have thus far declared allegiance to a new candidate, says a Kerry fund-raiser who is not aligned with either Clinton or Obama. Clinton has nabbed the other 14...


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