As candidates are gearing up for the 2012 Presidential election, there is a focus on President Barack Obama’s campaign fundraising. According to Fox News, Obama’s fundraising is expected to break records as some estimate he will raise over $1 billion. The Associated Press reports that Obama’s advisers have told donors they are aiming to raise at least $750 million.
As part of the President’s fundraising, donors can attend an event for $1,000, according Fox News. This “Speakers Series” includes meeting with public figures such as current Administration officials and athletes, reports the news source.
Although the White House maintains that this method of fundraising is legal and consistent with prior administrations, critics say it is just as wrong now as it was in the past. Larry Sabato, Director of Politics at University of Virginia, told the media outlet that this type of fundraising is essentially selling access and should be scrutinized closely.
Recent reports indicate Obama has already raised $86 million for his re-election campaign, according to the AP. This far exceeds the Republican candidates, who are estimated to have raised $35 million collectively, reports the news source.