Washington (CNN) - The Republican Party's using President Barack Obama's re-election announcement to raise money.
Just a few hours after the president declared his re-election intentions in an email to supporters, the Republican National Committee responded with a new website, titled "Hope Isn't Hiring" and released a web advertisement.
The new website asks Republican supporters to help the RNC raise $270,000 in the next 72 hours. The RNC says they came up with that figure because it's "$1,000 for every electoral vote required to elect the next Republican president."
"It's official. President Obama's re-election campaign is off and running, meaning once again the president is putting politics ahead of the work of the people," says RNC Chairman Reince Priebus, in the email. "As the debt and reckless spending championed by this administration threatens to snuff out the recovery and future job growth, the President's conscious decision to take a back seat on leadership is downright irresponsible. Simply put, America can't afford four more years of Barack Obama."
Obama raised nearly $750 million dollars in his 2008 campaign for the presidency, and is aiming to potentially bring in $1 billion for his re-election bid.
The RNC raised $5.2 million in February, and as of March 1 had a little over $2 million in the bank, but was saddled with a debt of more than $21 million.
–Follow Paul Steinhauser on Twitter: @psteinhausercnn