Campaign staff work in President Barack Obama's new campaign headquarters in Chicago - Reuters
Posted on 07/13/2011 10:58:33 AM PDT by NormsRevenge
President Obama's vast campaign operation raked in $86 million for his reelection and for the Democratic Party during the last three months, breaking previous records with a total far greater than those posted by his potential Republican opponents in the 2012 election.
Initially, the Obama campaign had set a goal of raising $60 million. Republican candidates combined are expected to raise less than $35 million this quarter.
The Obama amount points to the advantages of incumbency in fundraising, and to the staggering cost of the coming election, which this year will feature a new, powerful role for independent groups that can raise unlimited sums. This year, those groups could out-raise and outspend the parties and the candidates.
The dollar total for Obama last quarter, announced by his campaign manager in a video message to supporters Wednesday morning, reflects $47 million raised for the Obama for America presidential campaign and an additional $38 million raised jointly with the Democratic National Committee.
In the video Obama campaign manager Jim Messina emphasized the record-breaking number of donors contributing: about 550,000.
"This is a historic number of small-dollar, everyday people," he said, noting that the campaign does not accept funds from lobbyists or political action committees.
The number does shatter previous records, and meets Obama's goal of launching another campaign that involves a large numbers of individuals in all 50 states. Still, the total amount of dollars raised was boosted by a ramped-up effort to court large-dollar donors to joint events with the DNC.
For example, the Los Angeles Times reported recently on a several programs to lure large checks from individual donors. One program, called "Presidential Partners," seeks a two-year commitment in exchange for regular briefings and updates from the campaign. The price of admission: $75,800.
(Excerpt) Read more at latimes.com ...
Re_Election .. Priority Numero Uno!!!
CHange You can bank on.
$86M in one month?
By the time this goon runs for re-election, he will have billions, maybe even tens of billions.
Unless God intervenes, the zer0 is invincible.
can not believe that much money is chasing the American death spiral given to us daily by Washington...... who are these people in our country? What must they believe in.....?
Geee, I hope a better accounting job is done when it comes to small donations from foreign countries.
btw, I wonder how that investigation is going on the ‘questionable’ foreign donations?
We don’t hear about that, for some reason.
Sure Hope they’re working ‘Fast and Furious’.
Once Sarah Palin announces her candidacy for president she will be able to raise three or four times what Obama can raise.
They are betting on being the Nomenklatura Class when government seizes control of 100 percent of the nation’s wealth and industry.
It’s a quarterly number, not monthly and it’s being spun. His actual haul is 47 million and that’s less than his total in the same quarter in 2007.
Campaign staff work in President Barack Obama's new campaign headquarters in Chicago - Reuters
My guess is that they believe in one thing and one thing only, what's it it for me. The democrats offer pie in the sky and tell them that Republicans already ate the pie!
President Barack Obama makes a point during a news conference in the briefing room of the White House in Washington - Reuters
FUBO GTFO 2012
It’s called CORRUPTION, folks
Nobody gives out money like this without expecting something in return.
The Obama Administration needs to be investigated (and prosecuted) under the RICO statutes.
He may be bumped out of the race quicker than he bumped Hillary.
2 points:
Unless Obama is going to buy this election, his record should do him in.
The reason the Repubs haven’t garnered as much is because the donors don’t like the current field and are waiting.
I didn’t state my point very well. I should have said that with control over so much of our nation and our lives, this President can extort money out of nearly anyone who has to deal with any governmental agency.
They are working on it as hard as they are on challenging his "natural born" status.
/sarc
FUBO GTFO 2012
I didn’t state my point very well. I should have said that with control over so much of our nation and our lives, this President can extort money out of nearly anyone who has to deal with any governmental agency.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.