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Barack Obama's "Cash Crunch" Continues

Never listen to Republicans and the media. Never.

Democratic presidential candidate Barack Obama raised more than $51 million in July and the Democratic National Committee reported $27.7 million in donations last month, putting Obama in a strong position for the fall campaign.

Obama began August with $65.8 million on hand and the DNC had $28.5 million available, according to statements released Saturday. His July total was slightly less than the $52 million he raised in June but still eye-popping because he was off the fundraising circuit at home during his trip to the Middle East and Europe.

John McCain raised $27 million in the same time period.