Mitt Romney knows how to raise money. He collected more than $1.1 billion in the 2012 campaign, relying on contacts he built during his time as Massachusetts governor, head of the Salt Lake City Olympics, years working in private equity, and as chairman of the Republican Governors Association. And now, with Romney insisting that he will not run again in 2016, literally hundreds of millions of dollars' worth of Republican money is up for grabs -- and donors say that they are already being courted by several potential presidential candidates.
The third quarter fundraising period is in the books.
With the 2014 midterm elections a little over a year away, the Senate and House landscape is beginning to take shape, and that means the money chase is, too. Fundraising, while far from a perfect indicator of success or failure, is a useful metric for sizing up candidate momentum, dedication (the best fundraisers spend hours a day dialing for dollars), and relative strength.
The second quarter fundraising period came to a close at midnight, with 2014 House, Senate and some governor candidates filing their latest financial reports.
So who made a splash, and who disappointed?
Below, we look at some of the biggest winners and losers from the quarter that was
Everyone knows that a relatively small number of wealthy people donate the lion's share of money to political campaigns. But, you probably never suspected just how small that group actually is.
Thanks to the amazing Sunlight Foundation, we now know that just 31,385 people -- one tenth of one percent of the overall U.S. population -- are responsible for nearly 30 percent of the $6 billion (yes, billion with a "b") contributed to federal campaigns and committees in the 2012 election.
The 2014 election cycle is off to a fast start, with candidates for House and Senate ramping up their fundraising in the first quarter. In fact, most top Senate candidates have already raised more than a million dollars.
While it might seem early, the fact is that fundraising never stops. And even these early numbers can help us glean some ideas about the election cycle ahead.
How much does a Senate seat cost these days? More than $10 million.
That's the finding of a new study conducted by MapLight.org, a campaign finance watchdog group, which found that the 33 people who won their Senate races in 2012 raised an average of $10,476,451.
The least-expensive Senate seat, in fact, still cost nearly $3 million. That was the seat won by newly minted Sen. Angus King (I-Maine).
The Obama campaign got a lot of things right in the 2012 election. One thing they didn't get right: that it wouldn't be a billion-dollar campaign.
The Obama and Romney campaigns and allied committees both cracked $1 billion in reports filed late Thursday with the Federal Election Commission, making 2012 the most expensive presidential race on record.
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Massachusetts Senate candidate Elizabeth Warren (D) continues to set the fundraising pace this election, pulling in an astounding $12.1 million in the third quarter and outraising Sen. Scott Brown (R-Mass.) by more than $4 million.
The total brings Warren’s total haul this election cycle to more than $40 million in about 13 months as a candidate. She has easily outraised Brown — a very strong fundraiser in his own right — throughout the cycle.
Rep. Michele Bachmann (R-Minn.) raised $4.5 million during the third quarter of the year, her campaign announced Friday.
Bachmann ended the July-Sept. period with $3.5 million in the bank, an uptick from the $1.7 million she had on hand at the close of the second quarter.
Bachmann, who pursued the Republican nomination for president before ending her bid in January after a disappointing sixth-place showing in the Iowa caucuses, isn’t considered to be very vulnerable in her race against Democrat Jim Graves, but the race is no gimme, either. The redistricting process helped shore up Minnesota’s 6th District for her by making it more Republican. For her part, Bachmann has been dispensing with urgent fundraising pleas.
The Democratic National Committee had more debt than cash on hand when the general election started in September, a troubling fact few people have noticed to this point in the campaign.
We already knew that the Republican National Committee had more than 10 times as much cash as the DNC while the party’s were holding their conventions, but a closer look at the DNC’s August report shows it also took out $8 million in loans during that month — which means it had more debt ($11.8 million) than cash on hand ($7.1 million).
Seeking to downplay the importance of fundraising in the presidential campaign, Republican National Committee Chairman Reince Priebus on Sunday called President Obama’s September fundraising haul “impressive” and said he doesn’t know if Romney and the RNC will match it.
“I think we all understand this race isn’t going to come down to money,” Priebus said on CNN’s “State of The Union,” adding, “This is going to come down to work on the ground.”
Obama and the Democratic National Committee raised $181 million in September, a near-record haul and a significant uptick from August, when the president and DNC hauled in $114 million.
Former Democratic National Committee chairman Tim Kaine hauled $4.5 million during the third quarter of 2012, about $1 million more than former senator George Allen (R), who brought in about $3.5 million.
Both Kaine and Allen enjoyed their most productive fundraising quarter of the cycle. Both spent big, too. Kaine finished the period with $1 million in the bank while Allen ended with about $2.6 million in the bank, meaning they both spent more than they took in during July, August, and September.
Kaine’s campaign has invested heavily on airtime for ads, dedicating $7.5 million so far, including a recent $3 million purchase.
Kaine and Allen are both former governors and, as a result, very well-known figures in Virginia. Polls have shown a competitive race, but Kaine appears to have more momentum of late. The most recent Washington Post survey shows Kaine leading Allen 51 percent to 43 percent, after the previous two polls showed a tie.
Updated at 10:55 a.m.
Sen. Claire McCaskill (D-Mo.) raised a whopping $5.8 million dollars during the third quarter, a huge haul that is more than double what she brought in during the previous three-month period.
McCaskill’s impressive number adds to the woes of embattled Rep. Todd Akin (R-Mo.), who has struggled to raise money in his bid against the first-term Democrat. Akin has not released his third quarter total.
All eyes in the political world are fixed on tonight’s debate between President Obama and Mitt Romney. But elsewhere, House and Senate candidates are feverishly tallying their fundraising numbers.
The third quarter — the last full quarter before the November election — came to a close at midnight Monday, which means we’ll soon know who raised how much for the stretch run of the 2012 campaign.
Mitt Romney started the general election this month with a sizeable advantage in cash on hand, according to reports filed Thursday with the Federal Election Commission.
The August reports show that, while President Obama’s campaign had much more cash than Romney’s, by a margin of $88.8 million to $50.4 million, when you factor in the national party committees and joint fundraising committees that raise money for both the campaigns and the national parties, Romney leads $168.5 million to $125.2 million.
Mitt Romney has a lot of money — both personally and for his campaign.
So why in the world would he need to borrow $20 million?
The answer lies in the complicated world of campaign finance, in which the rules limit how much money a candidate can accept from individual donors for both the primary election and the general election — and the money raised for each can only be spent in the corresponding election.
The voters who will decide the next president come from swing states, but the big donors who largely fund the presidential campaigns don’t.
According to the handy graphic below from the nonpartisan fundraising Web site Rally.org, the five places with the biggest average donation are all highly noncompetitive at the presidential level: Connecticut, the District of Columbia, Massachusetts, New York and — wait for it — Wyoming (?).
This post was updated at 9:09 a.m.
President Obama’s campaign narrowly outraised Mitt Romney’s in August after a streak of three months in which the Republicans’ campaign far outpaced the incumbent president’s.
Obama’s campaign announced this morning that he raised $114 million, while Romney’s announced that it raised $111.6 million.
Updated at 5:15 p.m. with new timetable for ballot printing.
National Republicans said Tuesday that they won’t spend a dime to help elect Rep. Todd Akin to the U.S. Senate. But if they can persuade him to drop out, they might have to pony up some significant cash.
The deadline passed Tuesday for Akin to easily and instantly drop out of the Senate race in Missouri.Republicans still have more than a month during which they can prevail upon him to step down, but he would have to seek a court order.
Mitt Romney extended his cash edge over President Obama in July and entered the final three-plus months of the campaign with about 50 percent more in the bank than the incumbent president.
Romney led Obama in cash on hand at the end of July $185.9 million to $123.7 million, according to numbers released by the Romney campaign and filed with the FEC by Obama’s campaign.
NBA players and coaches love President Obama, but the owners love Mitt Romney.
And they’re writing bigger checks.
HoopsHype.com has compiled a great list of all the contributions to each presidential candidate by NBA players, coaches, staff and management. And despite Obama’s affinity with the NBA (and lover of the game), Romney has raised more from them.
In the past two months, former Massachusetts governor Mitt Romney and the Republican National Committee have outraised President Obama and the Democratic National Committee by $61 million.
And, while Obama’s campaign has yet to release its cash-on-hand total at the end of July, it’s a near-certainty that Romney’s $26 million edge at the end of June widened in July.
Add to those numbers the fact that, as of mid-July, Republican super PACs and other conservative aligned outside groups were outspending their Democratic counterparts by a seven-to-one margin on the TV airwaves in swing states, and you are left with a simple, inescapable conclusion: The President of the United States is likely to be heavily outspent in the final three months of this campaign.
Mitt Romney outraised President Obama by more than $25 million in July, according to numbers released Monday by the campaigns.
Romney’s campaign announced it raised $101.3 million, while Obama’s team said in a tweet that it brought in $75 million.
The gap is slightly smaller than it was in June, when Romney raised $106 million and Obama brought in $71 million, but it’s the second-straight month that Romney has pulled in nine figures and the third-straight month he has outraised the incumbent president.
Conventional campaign wisdom dictates that the surest strategy for success is to raise as much money as possible and then spend it all on television ads in the final weeks of a race.
A look at the spending already in this presidential campaign — President Obama dropped $38 million on TV ads in June and has spent $107 million on commercials so far — suggests that television remains king when it comes to politics.
And yet, the massive growth of the web, tablets and smart phones have already begun to cut into just how determinative television is in a campaign — as voters are now consuming much more of their information through this panoply of devices.
The good people at Google have put the numbers together in a single chart that tells the story of peoples’ political news consumption habits.
Here’s the chart (and click here to see a larger version):
If super PACs are indeed saving Mitt Romney early in the 2012 election (as we posited Tuesday morning), he’s got a lot of very wealthy people to thank for it.
About four dozen donors and families have given at least $1 million to super PACs this election cycle, with three-quarters of them giving to the GOP.
Combined, these four dozen donors have provided $130 million of the $308 million super PACs have raised this cycle (more than 40 percent) — a reflection of how much these outside groups are funded by extremely wealthy donors.
And that goes double on the GOP side, where nearly half of the $228 million raised by super PACs has come from about three dozen million-dollar donors.
Mitt Romney and the Republican National Committee have grown a more than $25 million cash advantage over President Obama, according to just-filed Federal Election Commission reports.
Romney; who trailed Obama by $90 million at the end of March, now leads the incumbent president $170 million to $144 million in cash on hand, thanks to a surge in GOP fundraising and heavy spending by the Democrats early in the 2012 campaign.
President Obama’s campaign spent $38 million on ads and $58 million overall in June, while Romney’s campaign spent less than half that and continue to build up its reserves for the fall campaign.
That the rise of super PACs has given a small number of wealthy donors an outsized level of influence in our political discourse isn’t a secret.
After all, former House Speaker Newt Gingrich wouldn’t have even been in the Republican primary game if it wasn’t for a supportive super PAC funded by casino magnate Sheldon Adelson. And super PACs supportive of Mitt Romney have kept him within financial shouting distance of President Obama in critical swing states like Florida and Virginia.
But, wrapping your arms around just how few people are behind these hyper-influential groups is always tough. Until now.
Check out this awesome infographic that spells it all out. The most important point? In 2011, 17 people made contributions of $1 million or more to the nine biggest conservative super PACs. That $28 million in donations accounted for half, yes HALF, of all the money these groups collected.
The top super PAC supporting Mitt Romney set a new standard for fundraising by a super PAC in June, collecting $20 million, a PAC aide told The Fix.
Restore Our Future’s unprecedented total is four times what the super PAC raised in May and more than three times what the top super PAC supporting President Obama raised in the same month. (That super PAC, Priorities USA Action, also set a personal best in June with $6 million raised.)
On Friday, we presented readers with what we called the “most important chart of the 2012 election” — based on newly reported unemployment stats from the Bureau of Labor Statistics.
Three days later, we’re able to update the second most important chart of the 2012 election: the race for campaign cash. And it paints another potentially grim picture for President Obama, who was outraised by $35 million in June.
Here are his fundraising numbers, compared to Mitt Romney's, for the first six months of this year.
Updated, 10:55 a.m.: Mitt Romney’s presidential campaign outraised President Obama by $35 million in June, pulling in $106 million to the incumbent president’s $71 million, according to numbers announced by the campaigns Monday.
It is the second straight month that Romney has outraised the president and should leave the two candidates on close to equal financial footing just three months after Romney secured the Republican nomination.
Elizabeth Warren raised the fundraising bar even more in the second quarter, pulling in $8.6 million for her Massachusetts Senate campaign despite a controversy over her past claims to Native-American heritage.
The quarter is the best to date for the Democratic fundraising star, who has consistently outraised Sen. Scott Brown (R-Mass.) since launching her campaign and is one of her party’s top hopes for stealing a GOP seat.
Senate Minority Leader Mitch McConnell (R-Ky.) told CNN’s Candy Crowley on Sunday that Republican chances of taking over the Senate in November stood at “50-50,” adding: “I think it’s going to be a very close, competitive election.”
McConnell is among the most savvy strategists in either party and, unlike most politicians, tends toward directness and honesty when he speaks publicly. (Who could forget — Democrats won’t let you — McConnell’s famous pledge that the “single most important thing” for Republicans was to make Obama a one-term president.)
Second-quarter fundraising reports are due next weekend, and candidates are likely to start announcing their totals in the days to come.
With Senate races starting to take shape in several key states — particularly ones where the primary has been held — these reports are the most important to date, the second-to-last quarterly reports we’ll see before the election. Essentially: We’re getting into crunch time.
So who has the most to prove?
Below, we take a look at eight that have plenty at stake in their second-quarter reports (followed by what we think is a reasonable goal for each of them)...
Mitt Romney’s campaign and affiliated GOP committees raised more than $100 million in June, according to a Republican National Committee official. That’s Romney’s best month of the 2012 campaign to date.
While neither the Romney campaign nor the RNC’s communications operation were willing to confirm the haul, which was first reported by Politico, Rick Wiley, the national party committee’s political director, sent out this tweet to President Obama’s campaign manager Jim Messina and senior strategist David Axelrod.
.@messina2012, check this out bro, we raised north of $100 million in June.I'm assuming u & Axe will need beers 2night bro— Rick Wiley (@rick_wiley) July 5, 2012
The $100 million apparently includes money raised for Romney’s campaign, the RNC and the “Romney Victory Fund,” a joint fundraising committee between Romney and the RNC.
Mitt Romney is quickly closing the cash gap on President Obama. But as of right now, we don’t know exactly how close it is.
One of the quirks of campaign finance reporting is that, while the committee Obama uses to raise money for his campaign and the Democratic National Committee — also called a “joint fundraising committee” — reports its totals monthly, Romney’s version of that joint committee has yet to file a report.
The “Romney Victory Fund,” as it’s called, was launched in April and will file its first quarterly report next month. We’re also pretty sure it has tens of millions of dollars in it right now.
But even that conclusion involves some guesswork, and Romney’s campaign isn’t saying much.
Priorities USA Action, the leading Democratic-affiliated super PAC, collected $4 million in May, its best month of fundraising since its inception and a sign, its founders argue, of its growing momentum.
The $4 million haul is roughly equivalent to what the group, which is run by two former Obama White House aides, collected in April and March combined. Sources familiar with its fundraising operation insist that June fundraising will eclipse May. The group has raised $40 million total to date.
The top super PAC supporting Mitt Romney’s presidential campaign raised just shy of $5 million in May and ended the month with $8.4 million cash on hand.
Restore Our Future’s fundraising report does not include a reported $10 million contribution from casino magnate and former Newt Gingrich supporter Sheldon Adelson, which came to light last week.
President Obama will attend six fundraisers today in Maryland and Pennsylvania, a series of cash collection events that bring his total number of fundraisers held for his reelection bid up to 160, according to figures maintained by CBS News’ Mark Knoller.
That, again according to Knoller, is more than double the 79 events that President George W. Bush had held at this same time in the 2004 presidential race.
(Sidebar: Knoller is a national treasure. If you don’t follow him on Twitter, you should rectify that problem immediately.)
Republicans have seized on Obama’s rapid fundraising pace as evidence that he is far more dedicated to raising money and winning reelection than to performing the actual job for which he was elected in 2008.
Mitt Romney’s campaign and the Republican National Committee significantly outraised President Obama’s reelection effort in May, pulling in $76.8 million to $60 million, according to the respective campaigns.
Both months are the best of the cycle for each candidate and reflect a ramping up with Romney’s status as the all-but-official GOP nominee and Obama’s boost in fundraising from both the gay community and a reported $15 million fundraiser hosted by actor George Clooney.
But Romney’s advantage reflects the reality that Republicans can quickly close the fundraising gap now that their primary is wrapped up. GOP super PACs have already been far outraising their Democratic counterparts, and the combination of that and the uptick in Romney’s fundraising is expected to lead to something close to a level financial playing field heading into November’s general election.
Mitt Romney, President Obama and a whole bunch of super PACs and party committees filed their April financial reports on Sunday.
And we know you guys don’t want to have to comb through them all (the FEC Web site? — fuggedaboutit!). Which is where we come in.
Below, we take a look at some of the winners and losers from the April reports, followed by a chart listing the amount raised and cash on hand for each major group.
What did we miss? The comments section awaits.
Republicans are still winning the super PAC game. As of the end of April, American Crossroads has five times the cash of its Democratic counterpart, Priorities USA Action.
Crossroads’s fundraising has been declining, but the group has saved a solid pile of cash while its nonprofit sister arm spends.
Priorities and Crossroads were about evenly matched in fundraising last month, according to reports filed with the FEC. Crossroads raised $1.84 million; Priorities raised $1.6 million.
Despite his newfound status as the presumptive GOP presidential nominee, Mitt Romney’s campaign saw its fundraising fall off slightly in April, it spent more than it raised, and it still has less than one-tenth as much cash on hand as President Obama.
As previously reported, Romney raised $40 million for his campaign and the Republican National Committee in April — nearly equalling Obama and the Democrats’s $43.6 million — but the report filed Sunday shows the vast majority of that was for the RNC.
An FEC report filed Sunday shows Romney’s campaign raised $11.7 million for the month — down from more than $13 million in March — and spent $12.6 million, dropping its cash on hand number to $9.2 million.
Obama, by contrast, raised $25.7 million for his campaign and spent $14.6 million, leaving him with $115 million cash on hand. (Of course, Obama didn’t face a contested Democratic primary campaign.)
Presumptive GOP presidential nominee Mitt Romney raised more than $40 million in April for his campaign and the Republican National Committee, his campaign said early Thursday.
The total — $40.1 million — comes in just shy of the $43.6 million President Obama’s campaign raised last month for itself and the Democratic National Committee.
President Obama’s campaign had 10 times as much cash on hand as former Massachusetts governor Mitt Romney at the end of March, according to financial reports filed Friday with the Federal Election Commission.
Obama’s presidential campaign closed March with $104 million in the bank as compared to $10.1 million for Romney. The former Massachusetts governor raised $12.6 million in March, his best fundraising month to date. Obama brought in $35 million last month.
While many Americans are busy filing their taxes this week, many politicians were filing their first quarter financial reports last weekend.
Which means The Fix has spent a good portion of the day combing through all the House and Senate candidates’ quarterly financial reports.
We won’t bore you with all the details, but we will give you some highlights. So, without further ado, we bring you our first quarter fundraising winners and losers...
* Elizabeth Warren: The Massachusetts Democrat has become a mainstay on this list. Look at it this way: Her opponent, Sen. Scott Brown (R-Mass.), raised more money than any other incumbent last quarter, with $3.4 million, and she raised twice as much as him, with $6.9 million. She has also closed the cash-on-hand gap in a hurry; she trails $15 million to $11 million now.
* Richard Mourdock: With $875,000 raised, Mourdock outdid both his incumbent GOP primary opponent, Sen. Richard Lugar ($820,000), and his potential general election opponent, Rep. Joe Donnelly (D), who pulled in just $312,000 for the quarter.
Former Obama administration official Elizabeth Warren raised $6.9 million in the first quarter of 2012 in support of her challenge to Massachusetts Republican Sen. Scott Brown, a massive sum that doubled what the incumbent collected over the same period.
Even though Warren has been in the campaign for less than seven months, she has already raised $15.8 million and has about $11 million cash on hand.
The lengthening GOP presidential race is allowing Democrats to build a big cash advantage for the fall.
Financial reports filed Tuesday show President Obama, the Democratic National Committee, a joint fundraising committee between the two and the top super PAC supporting the president have more than $115 million in the bank — more than double the $53 million banked by the GOP candidates, their super PACs and the Republican National Committee.
Texas homebuilder Bob Perry, who came to national prominence during the 2004 campaign for helping fund the Swift Boat Veterans for Truth, donated $3 million in February to Restore Our Future, a super PAC supporting former Massachusetts governor Mitt Romney.
Perry’s donation accounted for nearly half of the $6.4 million raised by Restore Our Future last month. The group spent nearly twice as much as it raised and had $10.5 million in the bank as of March 1.
Restore Our Future filed its financial report with the Federal Election Commission on Tuesday.
Mitt Romney’s campaign spent slightly more than it brought in during the month of February and ended the month with $7.3 million cash on hand.
Romney’s campaign announced the cash figure Thursday; on Wednesday, it announced that it had raised $11.5 million for the month.
Mitt Romney’s campaign said Wednesday that it raised $11.5 million in the month of February, the campaign’s second-strongest fundraising month of the campaign to date.
Romney increased his fundraising significantly from January, when he pulled in just $6.5 million. His campaign didn’t say how much money he had left on hand at the end of last month.
President Obama’s re-election campaign is accusing the Koch brothers-funded conservative group Americans for Prosperity of faking its grassroots support.
The claim, in a new letter from campaign manager Jim Messina, is part of a growing back-and-forth between the Obama team and the billionaire Koch brothers.
“You argue that Americans for Prosperity is a grassroots organization of everyday citizens,” Messina wrote in the letter, an early copy which was obtained by The Fix. “But its emphasis on rolling hack environmental protections and blocking a clean energy economy appears to be nothing more than an effort to promote the corporate interests of your employers and others who lavishly, and secretly, fund its operations.”
On Friday, the Koch brothers — oil magnates Charles and David — sent Messina a letter deriding a fundraising e-mail from the Obama campaign. The fundraising letter accused the Kochs of “jacking up prices at the pump” and committing as much as $200 million to defeating Obama’s reelection.
Monday was a holiday here at The Fix — and we ain’t talkin’ about President’s Day.
January fundraising reports were due by midnight last night, which made Monday the highest of political nerd holidays: FEC Day. And you can find all the numbers here.
Given an extra six-plus hours to let the data stew a little bit, we now present you with our January fundraising winners and losers...
* President Obama: All four Republican presidential candidates raised good money but also spent heavily in January. Obama faced the prospect of a well-funded Mitt Romney ending the nominating contest in January and having plenty of primary cash leftover to build a campaign over the next six months, but that’s no longer going to happen.
Updated at 7:41 p.m.
Mitt Romney’s campaign raised $6.5 million for the Republican presidential primary in January, yet again winning the fundraising battle but doing it by a much smaller margin than he has previously.
The total bested the amounts raised Newt Gingrich, who pulled in $5.6 million, and by Rep. Ron Paul (R-Texas) and former Pennsylvania senator Rick Santorum, who both raised $4.5 million.
We’re digging into the just-filed fourth quarter fundraising reports over here at The Fix.
And as usual, that means winners and losers time.
Here’s our initial take on who won and lost for the period spanning October through December. (And let us know what we missed in the comments section):
President Obama: It may not be the billion-dollar campaign that some have suggested, but Obama continues to rake it in, to the tune of $68 million between his campaign and the Democratic National Committee in the fourth quarter. The top GOP candidate, Mitt Romney, raised $24 million.
GOP super PACs: The great equalizers for the GOP, of course, are the rapidly proliferating Republican-leaning super PACs. The top GOP super PACs raised about $60 million in 2011, compared to less than $15 million for their Democratic counterparts. So does the GOP nominee plus super PACs equal an incumbent president? Quite possibly.
Sixty people and couples have raised at least a half-million dollars for President Obama’s reelection.
Obama’s campaign and an affiliated committee run with the Democratic National Committee both filed their fourth quarter financial reports Tuesday, showing a highly effective bundling operation in full gear.
Newt Gingrich’s campaign announced in a tweet Tuesday that he raised $10 million in the fourth quarter of 2011 and has pulled in another $5 million in January.
The newly disclosed fundraising numbers represent a big uptick for the former House speaker, who raised less than $1 million in the third quarter and was deeply in debt. The campaign had previously said it raised $9 million in the fourth quarter but is adjusting that up slightly.
In a web video released in the wee hours of Thursday morning, Jim Messina, who is managing President Obama’s re-election race, had a message for those speculating about how much the incumbent might raise in pursuit of a second term.
“The billion dollar number is completely untrue,” Messina said, addressing speculation that the Obama fundraising operation will break ten (!) figures in 2012. (Messina has previously referred to the idea of raising a billion dollars as “bullsh**”.)
President Obama’s campaign announced Thursday that it raised $42 million for his re-election campaign and another $24 million for the Democratic National Committee over the final three months of 2011.
“That’s a pretty good start,” said Jim Messina, Obama’s campaign manager, in a web video sent to supporters announcing the numbers. He added that the campaign has received donations from 1.3 million people last year — including 583,000 in the final three months of 2011.
Mitt Romney said Wednesday that he had raised $24 million in the final three months of 2011, an announcement designed to further the sense within the GOP that the former Massachusetts governor is the all-but-inevitable Republican nominee.
And, it almost certainly will do that. But how does Romney’s fourth quarter stack up against the fundraising totals of some of the better-known (and financed) presidential candidates of recent vintage?
Fresh off winning the New Hampshire primary, former Massachusetts governor Mitt Romney announced Tuesday morning that he raised $24 million in the last three months of 2011.
It’s a significant bump from Romney’s $14 million third quarter and another sign that he is close to locking up the Republican presidential nomination.
Romney has $19 million in cash on hand after raising $56 million over the past year. He’s given no personal donations to his campaign — a marked shift from 2008, when the former venture capitalist poured $40 million into his bid.
All of the money was raised for the primary, not the general election.
Elizabeth Warren, Ron Paul and ‘supercommittee’ members big winners in the third-quarter fundraising wars
Candidates for House, Senate and president had to file third-quarter fundraising reports by midnight Saturday.
The reports are currently being combed all over Washington for signs of strength and weakness, as parties and pundits try to discern who is assembling legitimate and well-funded campaigns, and who are the pretenders.
Which is where The Fix comes in.
Below the jump is our look at who the big winners and losers are for the third quarter.
Third-quarter fundraising reports were due at midnight from every presidential candidate.
The Post’s T.W. Farnam provides all the numbers here.
Below, The Fix digs a little deeper and tells you what the numbers mean. Here are five things you should know. . .
Obama is still fundraising king
Jon Huntsman is in debt, Clint Eastwood could have been vice president, Herman Cain has joined the Nevada boycott and Ben Nelson is slipping in the money race.
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Former Massachusetts governor Mitt Romney raised $14.2 million in the third fundraising quarter, bringing his total amount raised for his 2012 presidential race to $32 million.
“We are proud of the $32 million we have raised for the campaign so far. This is just the start of the effort to help fuel Mitt Romney’s message that will defeat President Obama next November,” said Spencer Zwick, Romney’s national finance director.
In his first six months of active fundraising, President Obama has raked in $90 million for his 2012 re-election campaign not to mention an additional $65 million for the Democratic National Committee.
While not all of the Republican presidential candidates have filed their fundraising reports for the third quarter, it’s a certainty that Obama’s $43 million haul will be more than the combined total for all of them over the past three months. (Texas Gov. Rick Perry is expected to lead the Republican field with $17 million raised between July 1 and Sept. 30.)
President Barack Obama collected $43 million for his 2012 re-election campaign and helped raise an additional $27 million for the Democratic National Committee over the past three months, according to an email sent to supporters by campaign manager Jim Messina this morning.
“If I could sum up this last quarter in a few words: You came through,” wrote Messina. He added that more than 600,000 people had donated to the campaign over the between July 1 and Sept. 30 and that 98 percent of the contributions were $250 or less.
In just a few weeks, Harvard Law Professor Elizabeth Warren has raised $3.15 million for her Senate campaign — another sign that the Massachusetts race will be one of the most hotly-contested of 2012.
Warren is hoping to face Sen. Scott Brown (R) next fall, who won his seat in a special election in early 2009. A recent Western New England University poll finds her five points behind the senator in a head-to-head matchup, despite being far less well-known.
Rep. Ron Paul (R-Texas) raised over $8 million in the third quarter of the year. That’s about half as much as Texas Gov. Rick Perry , but it’s a healthy haul.
The Texas congressman and 2012 candidate announced the total at a National Press Club speech Wednesday, saying, “We are very pleased with that and believe that will give us the energy to keep the campaign moving right along.” He added, “I'm not very good at remembering the details of campaigning, because I get very much involved in economic policy and foreign policy and I don't talk a whole lot about the intricacies of the campaign.”
The third quarter fundraising period comes to an end this weekend, and candidates everywhere are scrambling to pad their totals in hopes of demonstrating momentum.
Shortly after the deadline at midnight Saturday, we should begin hearing piecemeal reports of who has raised how much — and indeed, we’re already hearing reports that Mitt Romney raised between $11 and $13 million — with all reports due by Oct. 15.
The Boston Globe says Romney will raise between $11 and $13 million in the third quarter; the Tea Party Express backs Lugar’s opponent; and Pataki wants Christie to run.
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Friday marks the end of the third fundraising quarter of the year and, almost to a candidate, the men and women running for the Republican presidential nomination are downplaying expectations.
Lowering the bar to declare victory in fundraising is, of course, de rigeur — French! — in politics. But the amounts being floated out suggest that this group of candidates will be well behind where their counterparts — on both the Republican and Democratic side — were at this time in 2007.