Francesco —

We’re filing this campaign’s first financial report with the Federal Election Commission on Friday.

You own this campaign, so you deserve to get this news first.

And thanks to you and other supporters all over the country, there’s a lot of good news to share.

I’m not going to steal my own thunder here in the email — you’ve got to watch the video to get the news about what we’ve raised, how we’re spending it, and what’s next:

Get your first look at our campaign's first financial report

The Washington chatter around the report we’re releasing has focused on one number: the sum total we’ve raised.

But other numbers that the pundits often ignore — like how many field offices we and the DNC have open, how many one-on-one conversations we’ve had with potential supporters, and how many people have already decided to own a piece of this campaign — tell the real story of our campaign.

All those numbers are in the video, and they’re the ones you should be proud of today. Watch it now:

http://my.barackobama.com/July-Report

One more thing: It’s a fact that our opponents won’t have hundreds of thousands of people giving whatever they can afford — so they’ll be relying heavily on money from two sources to fund an unprecedented barrage:

1. Washington lobbyists and special interests whose explicit aim is to influence the federal government in any way they can.

2. Outside groups that don’t have to disclose a word about what they’ve raised or who they’ve raised it from, like one of Karl Rove’s political organizations. His groups have set an astounding $120 million fundraising goal in their campaign to tear down President Obama.

The threat to our success from these determined groups — acting solely in their own interest, not the public interest — is real, and it’s growing. And it’s going to take serious commitment and vigilance from all of us to withstand their attacks while still building the grassroots campaign we’ll need to win.

We’re off to a solid start. But this is just the beginning.

So now, back to work.

Thanks,

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