Obama's Big-Money Donations Lagging
$2K gifts number less than half of what they did at this point in 2008
By Mark Russell, Newser Staff
Posted Mar 19, 2012 4:00 AM CDT
US President Barack Obama leaves after speaking during a Democratic campaign fundraiser in Bellevue, Washington, February 17, 2012. AFP PHOTO / Saul LOEB   (Getty Images)

(Newser) – The Obama re-election campaign is out-earning the Republicans, and has collected donations from more than 1.4 million people. But one area where President Obama is badly lagging is with big-money donations—an issue that political observers say could presage problems to come, reports the Washington Post. At this point in Obama's first campaign for president, he had received more than 23,000 large donations of $2,000 or more. This time, though, he has received just 11,000 such donations—not even one-quarter the number George W. Bush received at the same point in his re-election.

“Some people think these Republicans are easy marks, and they aren’t taking it as seriously as they need to yet,” said one Obama volunteer who hosts fundraisers. But Obama's re-election campaign appears to be stepping up its wooing of big-money donors. On Friday alone, the president attended five events in two states, raking in more than $5.5 million. Despite Obama and the DNC having raised $255.2 million as of Jan. 31, more than Bush had in 2004, Obama has also spent more and has less cash on hand.

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Showing 3 of 22 comments
Mar 19, 2012 1:05 PM CDT
The fact that big money is not supporting him only increases his appeal to most americans who are sick and tired of polititians that are bought and paid for by big money.
Mar 19, 2012 8:05 AM CDT
So he has raised more money than his GOP rivals, and very little of it is from rich people. This is a problem why?
Mar 19, 2012 7:38 AM CDT
Big Money needs a President who doesn't give them any backtalk. Sometimes Obama acts like he might just do something to reduce their power.