Thursday, July 14, 2011

Obama Raises $86 Million for 2012 Campaign

Barack Obama presidential campaign, 2008Image via Wikipedia
President Obama’s campaign announced early Wednesday that it has raised $86 million for its reelection campaign and the Democratic National Committee in the second quarter, setting a new record for off-year fundraising by a president.

Obama’s huge haul looks even bigger next to his GOP opponents, none of whom managed to crack even $20 million in the second quarter, and only one of whom broke $5 million (though Rep. Michele Bachmann, who has not yet announced her totals, could still exceed that amount).

Obama’s team made a point to reinforce that they’ve still got the enthusiasm of the grassroots. They noted a total of more than 550,000 donors – another record for this early in a campaign – 98 percent of whom contributed $250 or less. The $69 average donation was actually lower than it was during the 2008 campaign, when Obama set new records for small-dollar contributions.

This is good news for Obama, who many thought might lose his grassroots support when he ran for reelection as an incumbent. His report shows that he can still tap the average American for money and suggests there’s still plenty of enthusiasm for his presidency.

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