Obama raises $ 70 million for campaign, DNC

at 08:56 AM ET, 10/13/2011

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.


U.S. President Barack Obama waves during an event at Abraham Lincoln High School in Denver, September 27, 2011. REUTERS/Jason Reed
“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.

The total is substantially less than the $86 million Obama raised for his campaign and the DNC in the second quarter of the year but more than the $55 million that Messina had set as the third quarter goal in conversations with donors. By way of comparison, then President George W. Bush raised $50 million for his re-election campaign in the third quarter of 2003.

The Obama campaign had warned that the typical summer slowdown in cash collection coupled with the cancellation of a number of fundraisers during the debt-limit talks would limit their total haul.

During the 2008 campaign, then Sen. Obama collected a staggering $750 million — roughly $500 million of which came via online donations. At the start of the 2012 race, there was speculation that Obama might be the first political candidate to crest the $1 billion fundraising mark although he seems unlikely to meet that lofty goal at this point.

Still, Obama’s $43 million raised is more than double the $17 million collected by Texas Gov. Rick Perry, who is expected to be the leading fundraiser on the GOP side, over the same period.

Texas Rep. Ron Paul is expected to report $8 million raised between July 1 and Sept. 30. Neither former Massachusetts governor Mitt Romney nor businessman Herman Cain — the two frontrunners for the GOP nomination — have released their third quarter fundraising totals, which are due at the Federal Election Commission by Saturday.

Reports suggest Romney will raise between $11 and $14 million after bringing in $18 million in the second fundraising quarter. Cain is likely to come in well under that total. Cain, the former CEO of Godfather’s Pizza, brought in $2.6 million in the second quarter — a total that included a $500,000 personal loan.

Republicans sought to cast Obama’s fundraising totals as evidence his paying attention to the wrong things. “It’s no secret President Obama spends a lot of time fundraising and is the most successful fundraiser in history,” said Republican National Committee spokeswoman Kirsten Kukowski. “Obama’s problem is he can’t replicate that success when it comes to creating jobs.”

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