Fundraising Looms Large on Obama's Schedule

Donations from family of Mexican casino boss Pepe Cardona

(NEWSER) - The Obama campaign has decided to return more than $200,000 worth of donations linked to Juan Jose Rojas Cardona, aka Pepe, a Mexican casino magnate who jumped bail in Iowa in 1994 to avoid drug and fraud charges, and has since come under suspicion of assassinating a business rival and making illegal campaign donations in Mexico. The donations were bundled by Cardona's brothers, Carlos Rojas Cardona and Alberto Rojas Cardona, both Americans. The New York Times confronted the Obama campaign about them yesterday. More»

There are plenty of reasons the president should be worried

(NEWSER) - Democrats, and many pundits, seem to believe that President Obama is rebounding, and will surely win re-election, but Jim Vandehei of Politico isn't buying it. Here's why he thinks the president should be sweating right now:

• The economy: The recent CBO report not only projected another trillion-dollar deficit, it predicted that unemployment will rise to 8.8% in the third quarter—something Obama's own advisers doubt he could recover from.

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»

And Newt Gingrich fights for money from anyone

(NEWSER) - Fundraising is the name of the game right now, and the Washington Post and New York Times today take a look at how the big-name contenders are faring.

• The Post checks in on the battle for the richest of the rich, and it's a Mitt Romney vs. Barack Obama affair. Thus far, Romney is wooing more one-percenters, with at least 42 billionaires contributing to his campaign; Obama has racked up 30 so far. Romney's most noteworthy supporters include Redskins owner Dan Snyder and publisher Sam Zell; in Obama's corner stand Progressive insurance company chairman Peter Lewis and Google's Eric Schmidt. Since big-money donors can give unlimited amounts to super PACs, the Post predicts that a billionaire will, in this cycle, top the current giving record: the $24 million George Soros spent in support of Kerry in 2004.

Donations made via mobile are an untapped resource, so far

(NEWSER) - With presidential election cycles now topping $1.7 billion, you might think fundraisers have tapped every possible way of raking in money. You'd be wrong. The "holy grail" of fundraising remains the mobile phone, and, with 83% of adults owning one, political operatives are working furiously to add cell phones to their revenue repertoire, reports Sam Stein at the Huffington Post . "No one has figured it out," says one political consultant. "But with email being the main driver of political giving and an exponential increase in mobile to check [email], someone has to." More»