Half a Billion and Counting

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More than six months away from election day already the three remaining presidential candidates have already raised double what was raised in the entirety of the 2004 presidential contest. Nearly half a billion dollars has flowed to the coffers of Senators Hillary Clinton, John McCain, and Barack Obama, and more than half of that has come in donations of $1,000 or more.

How much are the candidates raising, and where is it coming from?

And despite the hype this season about small donations —those of $200 or less—flooding candidates' coffers, the survey says: Overall, not so much. Though Democrat Barack Obama has raised more from small donations than large—$101 million to $83 million, the bottom line is that this campaign has shown "only an incremental, though significant change in the overall balance between small and large donations." That seems largely due to Obama's fellow Dem Hillary Clinton, who has collected $82 million in large and $44 million in small donations; and GOP candidate John McCain, who has raised $45 million in large and $16 million in small donations.