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Obama raises $86 million — far more than GOP
Three-month haul gives president a fundraising advantage over the Republican field seeking to challenge him in 2012
http://www.msnbc.msn.com/id/43737360/ns/politics-decision_2012/t/obama-raises-million-far-more-gop/
WASHINGTON — President Barack Obama collected $86 million combined for his re-election campaign and the Democratic Party during the past three months, giving him a large fundraising advantage over the Republican field seeking to challenge him in 2012.
Obama raised more than $47 million and the Democratic National Committee brought in more than $38 million through the end of June, Obama campaign manager Jim Messina said in a video posted early Wednesday. Obama's team had set a public goal of $60 million combined.
The fundraising totals outpace Republicans, who have collectively raised about $35 million so far, although some candidates have yet to release their results.
At the same time in 2007, 10 Republican presidential hopefuls had raised more than $118 million, according to the Center for Responsive Politics.
Fundraising totals are often seen as a gauge of excitement about a candidate, and the money in Obama's coffers will help build a foundation for all-important advertising and get-out-the-vote efforts in next year's election.
Obama's advisors are anticipating a stiff challenge from Republicans amid rocky economic conditions. Obama has acknowledged he will need to re-energize supporters who were inspired by his message of hope and change three years ago but may be discouraged by the economy and the pace of change.
Former Massachusetts Gov. Mitt Romney leads the Republican field in fundraising, pulling in more than $18 million during the past three months. An independent fundraising group supporting Romney's presidential bid has raised $12 million this year.
Following Romney, former Minnesota Gov. Tim Pawlenty collected $4.2 million and former Utah Gov. Jon Huntsman brought in $4.1 million, with about half coming from his personal wealth. Minnesota Rep. Michele Bachmann, a favorite of the anti-tax tea party, has not yet released her fundraising totals.
Obama's advisers have told donors privately they hope to match or exceed the $750 million they raised in 2008.
Messina said more than 550,000 people donated money to the campaign during the first three months, a large increase from about 180,000 donors to Obama during the first half of 2007. The campaign has actively courted small donors, hoping to show that the president is in a good position for the 2012 campaign and capable of generating broad financial support
http://www.msnbc.msn.com/id/43737360/ns/politics-decision_2012/t/obama-raises-million-far-more-gop/
WASHINGTON — President Barack Obama collected $86 million combined for his re-election campaign and the Democratic Party during the past three months, giving him a large fundraising advantage over the Republican field seeking to challenge him in 2012.
Obama raised more than $47 million and the Democratic National Committee brought in more than $38 million through the end of June, Obama campaign manager Jim Messina said in a video posted early Wednesday. Obama's team had set a public goal of $60 million combined.
The fundraising totals outpace Republicans, who have collectively raised about $35 million so far, although some candidates have yet to release their results.
At the same time in 2007, 10 Republican presidential hopefuls had raised more than $118 million, according to the Center for Responsive Politics.
Fundraising totals are often seen as a gauge of excitement about a candidate, and the money in Obama's coffers will help build a foundation for all-important advertising and get-out-the-vote efforts in next year's election.
Obama's advisors are anticipating a stiff challenge from Republicans amid rocky economic conditions. Obama has acknowledged he will need to re-energize supporters who were inspired by his message of hope and change three years ago but may be discouraged by the economy and the pace of change.
Former Massachusetts Gov. Mitt Romney leads the Republican field in fundraising, pulling in more than $18 million during the past three months. An independent fundraising group supporting Romney's presidential bid has raised $12 million this year.
Following Romney, former Minnesota Gov. Tim Pawlenty collected $4.2 million and former Utah Gov. Jon Huntsman brought in $4.1 million, with about half coming from his personal wealth. Minnesota Rep. Michele Bachmann, a favorite of the anti-tax tea party, has not yet released her fundraising totals.
Obama's advisers have told donors privately they hope to match or exceed the $750 million they raised in 2008.
Messina said more than 550,000 people donated money to the campaign during the first three months, a large increase from about 180,000 donors to Obama during the first half of 2007. The campaign has actively courted small donors, hoping to show that the president is in a good position for the 2012 campaign and capable of generating broad financial support
Who's to say whether the money is used or not?
Say I donate $1 Million. At the end of the election, there's $5 Million left over, but in the course of the election, $5 Million was spent.
Who';s to say that MY $1 Million was spent, or was part of the left-over.
Get what I'm saying?
If you donate $5 via the internet, who's keeping track of your individual $5 donation to see when & if & how it's used?
Unless they have an absolutely revolutionary $$$ tracking system of some description, I don't think there'd be any way to say whether or not YOUR individual donation got utilized in the course of the election, in order to facilitate the return of the unused funds.
I'm still confused.
Teko:
It makes sense to return the unused funds, but I still question the HOW in that scenario.
Say I donate $1 Million. At the end of the election, there's $5 Million left over, but in the course of the election, $5 Million was spent.
Who';s to say that MY $1 Million was spent, or was part of the left-over.
Get what I'm saying?
If you donate $5 via the internet, who's keeping track of your individual $5 donation to see when & if & how it's used?
Unless they have an absolutely revolutionary $$$ tracking system of some description, I don't think there'd be any way to say whether or not YOUR individual donation got utilized in the course of the election, in order to facilitate the return of the unused funds.
I'm still confused.
Teko:
It makes sense to return the unused funds, but I still question the HOW in that scenario.
Unused campaign funds are returned to the origianal contributor within a certain amount of time after the election takes place. At least that is my understanding.
I still want to know what happens to the EXTRA (left over/unused) campaign funds.
In the 2008 election, McCain spent $84M and Obama spent $315M. I feel QUITE sure that McCain raised more $$$ than $84M.
What happened to the left-over $$$?
Does it get rolled-over into the next Republican presidential campaign? Does it get absorbed into their own personal fortune?
Just curious... not trying to start a fight.
In the 2008 election, McCain spent $84M and Obama spent $315M. I feel QUITE sure that McCain raised more $$$ than $84M.
What happened to the left-over $$$?
Does it get rolled-over into the next Republican presidential campaign? Does it get absorbed into their own personal fortune?
Just curious... not trying to start a fight.
If I thought they'd listen, I'd love to send them ALL my two cents!
Anyway, I agree that the amount of money that is raised and used to get elected is troubling when you think of what else it could be used for. And when it comes down to it, it seems like all politicians are basically the same anyway.
Whew . . . I sound optimistic today, don't I?
Anyway, I agree that the amount of money that is raised and used to get elected is troubling when you think of what else it could be used for. And when it comes down to it, it seems like all politicians are basically the same anyway.
Whew . . . I sound optimistic today, don't I?
I'll do some research to see if I can find that again (how much Obama spent on his campaign), but that's not the real point I was trying to make. Shouldn't they be concentrating on the issues at hand (raising the debt ceiling (or not), cutting spending (or not), raising taxes (or not), balancing the budget (or not), making sure SS recipients, military get their checks, etc) rather than campaigning for the next election?
The election is approx 16 months away - are we sit back and wait until then for things to be resolved?
Can anyone, in all honesty, believe that these politicians give a rat's behind about anything, other than the next election? It's all so political, we've gotten lost in the shuffle......
The election is approx 16 months away - are we sit back and wait until then for things to be resolved?
Can anyone, in all honesty, believe that these politicians give a rat's behind about anything, other than the next election? It's all so political, we've gotten lost in the shuffle......
So I hear all the time that they have to raise all kinds of money now, something about corporations and stuff being allowed to donate as people? Not sure what that was all about, personally I think they otta all run equal and money should not be part of it. Money is turning out to be Americas God.
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