Obama campaign reports 4th quarter fundraising, bundlers
January 31st, 2012
04:26 PM ET
2 years ago

Obama campaign reports 4th quarter fundraising, bundlers

Washington (CNN) - The Obama campaign has officially reported to the Federal Election Commission raising $68 million from 583,000 donors in the 4th quarter of 2011, according to an Obama campaign official.

These numbers are consistent with those announce by the campaign in a video released in early January.

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What's new is the list of approximately four hundred big bundlers they published on the Obama campaign website - along with the amounts each raised.

The term bundlers refers to big fundraisers who "bundle" large amounts of donations together.

Some notable names: longtime Democrat and Dreamworks co-founder Jeffrey Katzenberg raised half a million dollars as did Vogue editor Anna Wintour. Ari Emanuel - the Hollywood superagent and brother of the one-time chief-of staff - raised one hundred to two hundred thousand dollars.

The campaign also lists former New Jersey Governor and now disgraced Wall Street executive Jon Corzine as a five hundred thousand dollar bundler. The campaign has already announced returning more than seventy thousand dollars in personal contributions by Corzine and his wife in the wake of the scandal surrounding Corzine's former fund, MF Global. The campaign's full FEC report is still loading online and is expected to show returned contributions.

The Obama campaign is trying to use the announcement of their bundlers to draw a contrast with the Republicans in the race. A campaign aide points out they "voluntarily disclose" their bundlers "unlike the Republican candidates running in 2012."

Campaign spokesman Ben LaBolt doubled down with a tweet saying "President Bush and Senator McCain disclosed their bundlers. President Obama did again today. What are this year's GOP candidates hiding?"

Democratic strategists tell CNN polling has shown that "ethics" and demonstrating that the President has "high ethical standards" scores well among independent voters. The campaign's effort to highlight that it's revealing its donors seems part of their larger message, to sell the President as - in the words of the Obama campaign's first campaign ad of the 2012 cycle - the "most ethical" ever.

A campaign official also says 200,000 of the donors in the 4th quarter are new to the campaign since 2008. The average contribution was $55, and 98% of contributions were $250 or less.

Also see:

Gingrich camp pulled in $5 million in January

Video: Mitt Romney sings

Gingrich sued for using 'Eye of the Tiger' in campaign

Florida primary 'the most negative campaign ever,' says media group


Filed under: 2012 • President Obama
soundoff (29 Responses)
  1. Len

    Atleast the President released his donors...not like the GOP scam artists

    January 31, 2012 06:15 pm at 6:15 pm |
  2. Drew

    NObama 2012! He has failed this country miserably. Romney makes no qualms. He know's he's inheriting a nightmare shipwreck and promises to turn it around. Romney 2012!

    January 31, 2012 06:17 pm at 6:17 pm |
  3. Dominican mama 4 Obama

    This is the time of year that everyone that has been shocked and appalled at the unmitigated, and unprecedented lack of respect towards THIS President has been waiting for. Everyone who couldn't believe the dysfunction of our Congress at a time when our country could least afford it. Anyone who was totally non-plussed by the decision of an entire political Party to bring one man and his country to his/its' knees. The contributions will continue to come in, picking up speed as November draws nearer. We sat in stunned silence, mouths agape, unbelieving waiting for someone to speak up and say "This behaviour will not be tolerated". Nobody did. Now WE will let our money speak for us. In $5, $10s, $100s and thousands we will speak. Loud and clear we will express our outrage and our support. And in the end no Koch brother, no Super-Pac, no one will be stronger than average and not so average Americans banned together in support of THEIR President, and THEIR country.
    Game on GOP.
    Obama 2012.

    January 31, 2012 06:19 pm at 6:19 pm |
  4. Andy F

    At least 1 billion bundled from Chine. Obama has done nothing to stop the China Trillion dollar export superMachine. Obama has sold America out!

    January 31, 2012 06:20 pm at 6:20 pm |
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