Skip to comments.Big Money Dries Up For Obama Campaign
Posted on 05/21/2012 6:36:12 AM PDT by SeekAndFind
Donations to President Barack Obama’s reelection campaign declined sharply in April, as many big-dollar contributors hit the legal maximum, a BuzzFeed analysis of Federal Election Commission data shows.
Obama’s campaign took in $25.7 million, after raising $43.6 million in conjunction with the Democratic National Committee. That represented a drop from the $35 million in receipts the campaign saw in March on $53 million raised by the joint fundraising effort.
Most of Obama’s drop is attributable to a decline in contributions of more than $500, which fell by more than $9 million. Many of Obama’s top donors have already hit the legal $2500 maximum to the campaign, which — along with an apparent failure to recruit a new cadre of wealthy supporters — may account for the decline.
By contrast, Mitt Romney’s presidential campaign took in $11.7 million on a $40 million haul raised in conjunction with the Republican National Committee — with the average contribution over $525.
Romney’s fundraising surge is not unexpected, but provides new impetus to Obama’s vaunted online money-raising machine to raise more from smaller donors as in 2008.
With Rebecca Elliott.
AND THIS FROM POLITICO:
The pro-Barack Obama super PAC Priorities USA Action is still struggling to keep up with GOP super PACs preparing to unleash millions of dollars in independent advertisements.
Priorities USA Action raised $1.6 million in April, according to federal records released late Sunday. Its the smallest haul the group has pulled in since the meager $59,000 the group raised in January.
The group raked in $3 million less than the pro-Mitt Romney super PAC Restore Our Future raised in April, even as the GOP group reported its worst fundraising month so far this year.
The bulk of Priorities USA Actions cash in April came from labor groups. The National Air Traffic Controllers Association PAC contributed $1 million; another $250,000 came from the United Association of Journeymen and Apprentices of the Pipe Fitting Industry. Both union checks came on April 30, the last day of the filing period.
Including the two labor groups, the super PAC received only nine donations of $10,000 or more in April. Top donors included Joseph Kiani, chairman and CEO of Masimo Corp.; Ariel Capital CEO John Rogers; and television executive Michael King.
Priorities USA Action is also trailing the pro-Romney group in cash reserves, even after the GOP group focused much of its money early on in knocking out primary opponents. The Democratic group reported having $4.7 million stockpiled at the end of last month, compared to Restore Our Futures $8.2 million.
Looks like they forgot MF Global’s money.
No one has been held accountable.
Shortly after the 1.6 billion went missing, obama claimed that they had raised over a billion.
Now will come the rush of credit card donations from unverified sources all over the world. Soros lives!
Not a problem, Barry will just turn off those security features on the credit machines that allow for gift card donations and credit card donations from the West Bank and Gaza Strip...
Maybe Michelle could pose for Playboy.
She would, you know...if it meant the continued supply of Kobe steak, taxpayer funded vacations, and a flotilla of hangers-on.
Never fear, the foreign checks haven’t cleared yet.
they found 400 million and will be distributing that soon.
they also know 750 million is in London and is being litigated as to who owns it.