Obama re-election team increases fundraising haul
April 16th, 2012
06:38 AM ET
2 years ago

Obama re-election team increases fundraising haul

Washington (CNN) – President Barack Obama's re-election campaign announced Monday that they raised $53 million in March, up about $8 million from the month before.

The campaign made their announcement in a web video, which touted 567,000 donors last month, including 190,000 first time contributors. The campaign said 97% of donations were for $250 or less and that the average contribution was $50.78.

The money raised goes to the Obama Victory Fund, which is divided by the Obama re-election campaign, the Democratic National Committee and affiliated committees.

The Obama campaign did not indicate its cash on hand. As of March first the campaign reported $85 million in the bank. The campaign has raised well over $300 million since officially forming in April of last year. Obama broke all records by raising nearly $750 million in his 2008 campaign for the presidency.

The campaign of all but certain Republican presidential nominee Mitt Romney has not yet released their March fundraising figures. The former Massachusetts governor raised $12 million in February, with $7.3 million cash on hand.

Romney's main rival for the nomination, former Sen. Rick Santorum of Pennsylvania, suspended his bid for the White House last week, allowing Romney to turn nearly all of his attention to the general election. The Romney campaign has begun joint fundraising with the Republican National Committee.


Filed under: 2012 • DNC • Fundraising • President Obama
soundoff (5 Responses)
  1. king

    Obama is going to need all the change he can get, because when the rich and the repubs lap dogs let loose on him, it wont be fun. The rich controls the media, which is their power source, and it will not take much work knowing how gullible a lot Americans are. The rich will fight to keep their money and get more on through the tax system, then they will shovel their money to hide from the tax man, just like what mitten has been doing for years.

    April 16, 2012 06:54 am at 6:54 am |
  2. S. B. Stein E.B. NJ

    Given that the campaign is going to face Romney (and his money) along with several conservative super PACs, this isn't a huge surprise. Obama and his campaign need to get the money raised and a message out. They can't be redefined by others.

    April 16, 2012 07:17 am at 7:17 am |
  3. Gurgyl

    I shall contribute some money. Obama2012.

    April 16, 2012 07:21 am at 7:21 am |
  4. Wire Palladin, S. F.

    Since Mittens is the only candidate who has voted to restrict gun rights, the NRA will send him a boatload. So with the Kochs, the turdblossom Rove, and the swifboaters, the money for Mittens will be over a billion.

    April 16, 2012 07:55 am at 7:55 am |
  5. Eri

    The fund-raising figures of both the Obama and Romney campaigns is instructive. They are indicative of the likability gap that exists between Obama and Romney - Mr. Obama still enjoys immense popularity in America, given that most of his contributors are middle-class Americans, and Romneys fund-raising dollars lags behind Obama's (despite Citizens United.)
    Obama's the black president that could (as in 'Yes, We Can').
    One last thing - Obama 2012.

    April 16, 2012 08:13 am at 8:13 am |