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President Obama raised $68 million in fourth quarter

at 08:04 AM ET, 01/12/2012

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.

“This enthusiasm is in stark contrast to what we’ve seen on the other side,” said Messina.

The campaign did not release its cash on hand total. Obama has now raised almost $141 million for his 2012 re-election account, surpassing the $132.5 million President George W. Bush collected in 2003.

The president’s fundraising has consistently outpaced his potential GOP rivals, and he continued that trend in the fourth quarter.

Former Massachusetts governor Mitt Romney announced Wednesday that he had raised $24 million in the fourth quarter, and the campaigns of Rep. Ron Paul (R-Texas) and former House speaker Newt Gingrich have announced totals of $13 million and $9 million, respectively.

Romney had $19 million in the bank as of the end of the year.

Obama’s team has consistently emphasized money raised for both his campaign and the Democratic National Committee, for which contribution limits are significantly higher than a campaign.

The full fourth quarter reports are due Jan. 31.

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