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Obama Re-Election Campaign Rakes In $86 Million In One Quarter

July 13, 2011 by  

Obama Re-Election Campaign Rakes In $86 Million In One Quarter

President Barack Obama’s re-election campaign announced today that it raised more than $86 million in the second quarter, setting a record for the most money raised by an incumbent in a single quarter.

In a video sent to donors and supporters, Campaign Manager Jim Messina offered a preview of Obama’s campaign financial report, which will be released in full on Friday. Messina said the $86 million sum represents pooled money from the Obama for America campaign (OFA) and the Democratic National Committee (DNC). This combination is called the Obama Victory Fund (OVF).

The OFA will report that it had 552,462 individual donors that gave a total of $47 million. Messina said that “98 percent” of donations were under $250, and the average donation was $69.

Messina also said that the huge sum represents mostly grassroots support, and the campaign “did not accept one single dollar from Washington lobbyists or special interest PACs (political action committees).”

CNN.com reported that “(t)he total goes far beyond the $50.1 million President George W. Bush pulled in for the third quarter of 2003, as his re-election campaign was gearing up. At the time, that was the most ever raised in a single quarter by an incumbent president seeking re-election.”

Candidates seeking the Republican nod obviously cannot yet count funds from the Republican National Committee in their fundraising tallies, so their numbers are far less impressive.

“Massachusetts Gov. Mitt Romney is in the lead, with $18.3 million,” the CNN.com article read. “Texas Rep. Ron Paul pulled in $4.5 million, while former Minnesota Gov. Tim Pawlenty collected $4.2 million. Former Utah Gov. Jon Huntsman collected $4.1 million, which included $2 million of his own money.

“Businessman Herman Cain collected $2.5 million, while former House Speaker Newt Gingrich collected $2 million and is approximately $1 million in debt. Former Pennsylvania Sen. Rick Santorum collected less than $2 million… Some Republican candidates have not yet reported their figures, including Minnesota Rep. Michele Bachmann.”

 

 

 

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  • Dennis Patrick

    Wow! Ron Paul is really showing up supposed mainstream candidates like Pawlenty, Gingrich and Santorum. But I bet Bachmann doubles Paul – you can tell by the way the media has stepped up their attacks on her.

  • Doc Sarvis

    Looks like President Obama sure has a lot of grass roots support.

  • ron

    What thei article does not tell us is that over about 200,000 of the people who donated were first timers. Over 200,00 new donors out the gate.

  • Doc Sarvis

    This story came off the front page real quick. Guess it goes against what the majority on this site believe regarding President Obama.

    • libertytrain

      Does the newspaper have the same story on the front page everyday? What a silly comment.

  • mickey

    The more he brags about the millions leading to a billion for a campaign he can’t win on principle, the more he loses the public. Imagine, threatening all illegals and seniors/military with no pay and bragging about how much money he is getting.

    It isn’t over yet, the money will pour in from overseas, just like last time.

    A billion dollar campaign while Americans sleep in the streets.

  • mickey

    That’s 86 Americans that could be millionaires. Between his billion campaign and the bailouts, how many Americans could have been made millionaires? No housing crisis, no debt crisis. I wait to see how this plays out in the ghetto when they realize their great “leader” made their lives worse when he could have made them millionaires.

    • ron

      Well let me tell you how it will not play out in the ghetto balck, white and other minority lower income. The ghetto will never turn their backs on this president and face the alternative. M. Bachmann, who believes blacks are better off as slaves? The Christian right whom they helped defeat Calf. Proposition 48 (?) In I think in 2008. (Gay marriage) and who now also think slavery was the best thing since sliced bread for blacks. E. Cantor, who smiles at his boss in the house while sinking the knife deeper into his back, S. Palin, who sounds more and more like a bad infomercial that annoys you late at night while channel surfing. Good luck with that.

  • TML

    I’m amazed that he can raise that much, considering what he his doing to this country. I’m curious as to who his support is coming from.

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