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Archive for Friday, January 13, 2012

Obama, DNC raise $68M in final 3 months of 2011

January 13, 2012

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WASHINGTON — President Barack Obama hauled in more than $68 million for his campaign and the Democratic Party during the final three months of 2011, a show of force that allows him to compete — for now at least — in the new reality of freewheeling outside political groups.

The latest infusion of money, announced Thursday, adds up to more than $220 million in 2011 for the president’s re-election campaign and the Democratic National Committee, putting Obama far ahead of other Republican presidential candidates. In most years, it might amount to a substantial fundraising advantage, but a flurry of super PACs and big-dollar independent groups have changed the rules of campaign money.

Obama campaign manager Jim Messina said in a video to supporters that they collected more than $42 million for the quarter, with the DNC bringing in more than $24 million, along with $1 million for a joint fund to help state parties in key states. That beat an internal goal of $60 million combined for the quarter.

It came a day after the campaign of Republican front-runner Mitt Romney said it had raised $56 million for the primary through Dec. 31, including $24 million during the final three months of 2011.

Yet, even with the current money advantage over Romney and the rest of the GOP field, Democrats are hoping to remain competitive with Republicans because of the dominance of outside groups.

GOP-supportive super PACs have raised tens of millions of dollars this primary season.

Comments

Mike Ford 2 years, 3 months ago

hey snap I give $3 a time....I guess I'm a fatcat.....what nonsense you speak....

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Flap Doodle 2 years, 3 months ago

Since the Mope pretty much killed the concept of public campaign financing, he's been in desperate fund-raising mode a large percent of the time he should be paying attention to running the country. The fat cats and Hollywood elite are probably getting weary of all those $10,000-a-plate dinners.

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Agnostick 2 years, 3 months ago

Money has always been a key component in elections, for all political parties, and even independent candidates. The Bozo is right: everything from here on out rests squarely on the shoulders of Roberts and his fellow Black Robes.

The only difference, really, is that Obama/Democrat/liberal supporters won't burn so much cash during primary season--they'll be able to focus all their resources on the incumbent. Republicans were in the exact same position in 2004, 1992, and 1984; Democrats last backed incumbents in 1996 and 1980.

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beatrice 2 years, 3 months ago

Will it be possible for the Obama group to attack Romney in a way in which he hasn't already been attacked by his fellow Republicans?

I am sure the companies that sell advertising time will appreciate all the money.

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Paul R Getto 2 years, 3 months ago

It appears for R's, money is godly; for D's it must be coming from that fallen angel whom god kicked out for insubordination.

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Mike Ford 2 years, 3 months ago

uh oh....in the gop world money is god....uh oh...people still give including me math... get used to it...faux is real news right????

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its_just_math 2 years, 3 months ago

Obama will certainly spend buku bucks to smear the GOP nominee, likely Romney. The Bain controversy will be front and center. Now it appears The Anointed One once hire Bain.

http://hotair.com/archives/2012/01/12/revealed-bain-company-advised-obama-on-auto-bailout-recommended-cutting-dealerships/

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just_another_bozo_on_this_bus 2 years, 3 months ago

Be prepared for a $billion onslaught of demagoguery, thanks to the activist Roberts Supreme Court.

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