The New York Times reports today that Democratic presidential candidates raised $80 million in the quarter ended 6/30, while Republicans raised less than $50 million. It’s just three months in a long campaign but to someone accustomed to a large Republican advantage in fundraising for national campaigns in the 1970s, 80s, and 90s this is eye-opening. While the Democratic National Committee raised almost $389 million and the Republican National Committee raised about $385 million for the 2004 presidential election, “[i]n every previous election cycle since 1976, the year the [Federal Election Commission] first began issuing reports, the GOP has decisively trumped the Democrats. In 1999-2000, for example, the RNC raised $377 million, $116.4 million more than the $260.6 million collected by the DNC.” Thomas B. Edsall and Derek Willis, Fundraising Records Broken by Both Major Political Parties, The Washington Post, 3-Dec-04. Barack Obama led all candidates by raising $32.8 million in the quarter, followed by Hillary Clinton with $27 million. None of the other Democrats raised figures in the double-digits; John Edwards’s $8.9 million led the rest of the pack. Rudy Giuliani and Mitt Romney led the Republicans with $17.3 million and $13.7 million, respectively. It will be interesting to see whether the Democrats can maintain this advantage.