Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Obama Rakes in $86M for 2012

Cash for his re-election bid pouring in, again riding on small donors

By Polly Davis Doig, Newser Staff

Posted Jul 13, 2011 7:48 AM CDT | Updated Jul 13, 2011 7:58 AM CDT

(Newser) – Here's a welcome bit of budget news for President Obama: He and the DNC raked in $86 million in the last three months for the 2012 election campaign, reports Politico. Of that, Obama's campaign took in $47 million, while some $38 million headed to the DNC's war chest. The total, which came from the pockets of 552,462 people who donated an average $69, far exceeded a combined goal of $60 million.

“We did this from the bottom up," said Obama campaign manager Jim Messina, who adds that the results show "more grassroots support at this point in the process than any campaign in political history.” What's more, the $86 million trounces the $35 million raised so far by Republicans, reports the AP—though it's worth noting that some candidates haven't announced their totals yet. (Click to read why Romney's $18 million haul has the GOP worried.)

Jim Messina, center, campaign manager for the re-election of President Barack Obama, talks with reporters in the re-election headquarters May 12, 2010 in Chicago. (Getty Images)

President Barack Obama speaks to supporters during a fundraiser at Navy Pier April 14, 2011 in Chicago, Ill. (Getty Images)

« Prev« Prev | Next »Next » Slideshow

CLICK BELOW TO VOTE

62%

18%

To report an error on this story, notify our editors.

OTHER STORIES ON OUR RADAR

AP Photo

Chef Serves Up … His Own Genitals? (Huff Post)

My Boss Walked in on Me Touching Myself, Now He Won't Stop Flirting (Slate)

This Celebrity May Be the Worst Metrosexual Ever (Bleacher Report)

Has Aston Kutcher Been Sneaking Around with Demi Moore's Daughter? (The Stir)

Which Celebrity Was Attacked By a Former Girlfriend? (NewsOne)

Partner Links

Sponsor Links

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

COMMENTS

Read the comment policy

Showing 3 of 10 comments

Tis_I

Jul 13, 2011 7:29 PM CDT

Please note that $260K came from new people contributing to the President's campaign.

Count-Spatula

Jul 13, 2011 6:08 PM CDT

WOW. What is that? 43 million dollars each from 2 Wall Street firms... paying Obama back for doing nothing to alter their nefarious, nation-crippling ways?

LoginsSuck

Jul 13, 2011 2:14 PM CDT

It's because most big money Republicans are cheap and tight with their money. They aren't about to invest in anything without a decent chance of good payback. Wait until the "front runner" comes up and then they will spend spend spend to make sure they are remembered as contributing when it comes to needing something to go their way.

What's Popular Now on Facebook

Rape Conviction Cleared, Thanks to Facebook

80-Year-Old Skydiver Slips Out of Harness

Politico (Source Grid »)
Associated Press (Source Grid »)

Politics

campaign fundraising • DNC • Election 2012 • President Obama • political fundraising • Jim Messina • Obama 2012

More Newser Stories

Obama, DNC Raised $53M in March, But...

...April's number is the one to watch: Politico

(NEWSER) - Between them, President Obama's 2012 campaign and the Democratic National Committee raised $53 million last month, Obama's team announced today. That's up from February's $45 million and January's $29.1 million, Politico reports; the last time around, in March 2008, Obama's campaign raised $42.8 million on its own. More»

Major Obama Donor Accused of Fraud

Abake Assongba has a troubled past, 'Washington Post' discovers

(NEWSER) - Another donor-related headache for President Obama: Abake Assongba, a " bundler " who has contributed more than $50,000 to his re-election campaign, has troubles in her past including accusations of fraud to the tune of $657,000. The Obama campaign says it is reviewing the accusations against Assongba, which she disputes, but the Washington Post notes that the situation underscores the difficulty of recruiting and vetting volunteer fundraisers. More»

Obama to Dems: No Cash for You

In face of Super PACs, Obama cuts off committees

(NEWSER) - For Democrats who President Obama showered with cash in 2008 and 2010, well, they'd better get ready to raise their own darn money this time around. As in the last two election cycles, Harry Reid and Nancy Pelosi recently asked the Obama for America campaign and the Democratic National Committee for $30 million for the Democrats' senatorial and congressional campaign committees, Politico reports. But in meetings last week with top Obama aides, Reid and Pelosi were told that this time they were out of luck. More»

Obama Raised $29M Last Month

Total haul hits $250M for 2012

(NEWSER) - President Obama raised a healthy $29.1 million for his campaign and the Democrats last month, bringing his total haul for this election to $250 million. Some 98% of last month's donations were of $250 or less, the campaign said. Nonpartisan analysts said donations of $200 or less made up 48% of Obama's 2011 contributions, compared to 9% for Mitt Romney. More»

Obama's 2011 Haul: Less Than Bush's in 2003

But still an impressive amount: Politico

(NEWSER) - The Obama campaign and the Democratic National Committee raised a significant amount of funds in 2011—$222 million—but not quite enough to beat the Bush-Cheney amount from the same period eight years ago. In 2003, Bush's campaign and the RNC raised about $239 million, which Politico did not adjust for inflation. And the $68 million raised by Obama and the DNC in the fourth quarter was less than the $70.1 million raised the quarter prior. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Obama Rakes in $86M for 2012

Cash for his re-election bid pouring in, again riding on small donors

OTHER STORIES ON OUR RADAR

campaign fundraising • DNC • Election 2012 • President Obama • political fundraising • Jim Messina • Obama 2012

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Obama, DNC Raised $53M in March, But...

...April's number is the one to watch: Politico

Major Obama Donor Accused of Fraud

Abake Assongba has a troubled past, 'Washington Post' discovers

Obama to Dems: No Cash for You

In face of Super PACs, Obama cuts off committees

Obama Raised $29M Last Month

Total haul hits $250M for 2012

Obama's 2011 Haul: Less Than Bush's in 2003

But still an impressive amount: Politico

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?