Obama campaign reports 4th quarter fundraising, bundlers
January 31st, 2012
04:26 PM ET
3 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. NOvember 2012

    John Corzine bundled $500,000.00 that pretty much says it all...a disgraced wall street executive. NObama2012

    January 31, 2012 04:32 pm at 4:32 pm |
  2. Truth and Nothing But the Truth

    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.
    ==========================================================================================
    Corruption, meet incompetence, incompetence, meet corruption. It's the Democrat Chicago way...

    Don't you just love to see them hide all the BIG MONEY contributions by getting a lot of people to send in $10 and then claim a very small "average contribution". Smoke and mirrors so they can claim they fight for "the middle class". Liars.

    January 31, 2012 04:33 pm at 4:33 pm |
  3. Wire Palladin, S. F.

    Too bad the Kochs, Rove, Mittens, and the swift boating republicans cannot boast of ' high ethical standards.'

    January 31, 2012 04:36 pm at 4:36 pm |
  4. The Real Tom Paine

    NOvember, how much did the Koch heads and their followers bundle? How about the casino magnate that bought Newt a primary? Clean your own house, first.

    January 31, 2012 04:36 pm at 4:36 pm |
  5. d

    Wow Nov 2012 is that all you got out of this? that is sad indeed...

    January 31, 2012 04:36 pm at 4:36 pm |
  6. Wire Palladin, S. F.

    Mittens will always be able to brag about his Cayman Island accounts, his Swiss bank accounts, his corporate raiding, his vulture capitalism, his tax evasion, his flip flopping, being a chicken hawk, and all this in the name of republican ethics.

    January 31, 2012 04:41 pm at 4:41 pm |
  7. durundal

    Reading your post just makes me too weary to even both to take the time to come up with a sarcastic remark. Grow up

    January 31, 2012 04:49 pm at 4:49 pm |
  8. carrotroot

    @November they returned Corzine's money. This is a stark contrast to the Republicans secretive flow of money from the billionaires who are contributing to their campaigns.

    January 31, 2012 04:49 pm at 4:49 pm |
  9. obama victim

    too much money in politics...hope and change...oops...that's for the other guy

    January 31, 2012 04:50 pm at 4:50 pm |
  10. Four and The Door

    Wire Palladin, S. F.
    Mittens will always be able to brag about ... his tax evasion...
    ___________________________________________________________________________________________________
    Tax evasion refers to illegal activities. You are absolutely wrong to even suggest that.

    January 31, 2012 04:50 pm at 4:50 pm |
  11. The Real Tom Paine

    Truth, ah, Truth, lazy, ammoral conservatives who whine, just like Newt.

    January 31, 2012 04:59 pm at 4:59 pm |
  12. Bill

    High Ethical Standards? So he returned 500K? Nope only 70k. Obama must have read from the Nixon book on High Ethical Standards.

    January 31, 2012 04:59 pm at 4:59 pm |
  13. diridi

    correct it, and hold anyone who caused these responsible...good luck. Stay united.

    January 31, 2012 04:59 pm at 4:59 pm |
  14. showmethemoney

    Bundlers that are lobbyists. Bundlers that don't live in the US (at least 5 by end of 3rd quarter). Bundlers like Corzine (ex Goldman Sachs, CEO of vanishing customer cash MF Global)... 350 some bundlers had brought the campaign at least 55,000,000 by end of the 3rd quarter. I wonder how much of the new 68 million is friends in high places money? I'm not saying the money going to some of the republican campaigns look better, but I really don't know if I'd be bragging.

    January 31, 2012 05:02 pm at 5:02 pm |
  15. king

    Mitten is sucking the money from the american society and investing in other countries. Imagine if all the folks who worship the freemarket gods was to do what mitten have been doing for years. America would be a desolate place robbed of her treasures and patriotism, by people like mittens who robs its people and shout out free market.

    January 31, 2012 05:06 pm at 5:06 pm |
  16. Dominican mama 4 Obama

    "President Bush and Senator McCain disclosed their bundlers. President Obama did again today. What are this year's GOP candidates hiding?"
    ------------------------
    PLENTY in cash and skeletons, you betcha. Meanwhile their wealthy puppet masters have already siced Governors, and Congressmen upon the courts to redistricting, changing the voting laws, curtailing out-of-state and early voting, and requiring voter ID's.
    Their hope is that if the avalanche of lies via Super-Pac ads doesn't net them the desired results, then changing the rules of voting, and even going as far as trying to keep President Obama off the ticket in some states will.
    Beware these devils.

    January 31, 2012 05:20 pm at 5:20 pm |
  17. Four and The Door

    king
    Mitten is sucking the money from the american society and investing in other countries.
    _______________________________________________________________________________________________
    Like Staples!?!? Yeah...none of them in America, huh?

    On the other hand, Obama throws $30 billion at GM and how does the company thank the American taxpayer? By investing $250 million in a new Technical Development complex in Shanghai. They are aggressively creating thousands of new jobs to double automobile production to 5 million cars a year in 5 years. In China. And every one of them built in China. Your tax dollars hard at work.

    January 31, 2012 05:20 pm at 5:20 pm |
  18. macrasta

    Obama 2012

    January 31, 2012 05:42 pm at 5:42 pm |
  19. Lou

    Corzine knows where to buy insurance and Hope and Change is the place. But I do not think our economic genius of a President will be in office when Corzine needs the get out of jail card.

    January 31, 2012 05:45 pm at 5:45 pm |
  20. Jim in San Mateo

    If the GOP gets its way, the United States will become a country run by the rich, for the rich and paid for by the shrinking middle class. If Romney gets in, we will be beholden to Salt Lake City rather than to the Constitution. The Mormons think nothing of changing the rules, if the rules don't suit them. They will even break the law to get what they want.

    January 31, 2012 05:49 pm at 5:49 pm |
  21. Larry in Houston

    I hope Bachman's OUT ! but, from what I've heard, her district up there in Minnesota is mostly retired people , in addition to they are all caucasion (or white) people. Someone told me everytime she was interviewed when she was on the campaign trail, there was Never anybody with her, that was NOT white.

    Just sayin . . .

    Larry in Houston

    January 31, 2012 05:50 pm at 5:50 pm |
  22. jean2009

    Let's talk about the Koch Brothers billions, the Adelson's millions buying foreign policy,and Nu Skin pyramid schemer Lund's millions to Romney and Newt.

    January 31, 2012 05:51 pm at 5:51 pm |
  23. Willie Floyd

    President Obama has greater ethics in his little finger than the entire Rep. party has in their entire organization!! And if you think he doesn't have small donors-well I'm one-50.00 at a time!!

    OBAMA/BIDEN 2012

    January 31, 2012 05:58 pm at 5:58 pm |
  24. Kate

    How long will romney drag this out – kind of like his tax returns. You know where his money is coming from – and I bet he won't be able to boast about the number of individuals making relatively small donations. the financial industry is trying to buy the election for romney.

    January 31, 2012 06:04 pm at 6:04 pm |
  25. Dominican mama 4 Obama

    It takes money, a lot of it, to fight for the middle class.
    We're going to make sure that President Obama has plenty of it.
    Now go ahead and have your fear, hatred, and/or jealousy-induced apoplectic fit folks.
    Obama 2012.

    January 31, 2012 06:05 pm at 6:05 pm |
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