Obama fundraising shows hundred million dollar war chest
April 20th, 2012
05:09 PM ET
2 years ago

Obama fundraising shows hundred million dollar war chest

(CNN) – President Barack Obama's re-election team increased their war chest by roughly $20 million in March, bringing the incumbent Democrat's cash on hand funds to just over $104 million, more than ten times the amount his likely Republican challenger Mitt Romney declared in federal filings Friday.

The financial disclosure from Obama's campaign comes after the announcement Monday his team had raised $53 million in the month of March, an increase of $8 million from the month before. $35 million was raised by Obama's campaign, and the remainder was brought in by the Democratic National Committee.

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In filings with the Federal Election Commission on Friday, Obama for America also recorded spending over $15.5 million in March. Romney's campaign filings show the GOP candidate's organization spent $10.3 million.

The money raised goes to the Obama Victory Fund, which is divided between the Obama re-election campaign, the Democratic National Committee and affiliated committees. Obama broke all records by raising nearly $750 million during his 2008 campaign for the presidency.

Earlier Friday, Romney announced he had raised $12.6 million in primary funds in March, bringing the total amount of primary funds raised by the Republican candidate over the past year to $87 million.

Romney's campaign noted they have $10.1 million cash on hand, and that the former Massachusetts governor, who has an estimated net worth of $190 million, had not made any personal loans to his campaign.

In their release, the Romney campaign said that 84% of all donations received through the end of last month were $250 or less. Monday the Obama campaign announced that 97% of their donations in March were for $250 or less.

Donations made to Romney's campaign in March came amid major shifts in the race for the 2012 GOP nomination. Romney entered the month in a fierce competition for delegates with former Pennsylvania Sen. Rick Santorum. After winning contests on Super Tuesday, as well as taking Illinois' primary on March 20, Romney emerged as the candidate most likely to clinch the GOP nomination.

Santorum ended his presidential bid April 10. Filings for the month of April, which will be filed with the FEC in mid-May, will better reflect a general election contest between Romney and Obama.

Also see:

Romney releases March fundraising figures

Paul campaign touts campaign cash

RNC looks to Facebook for political edge

Biden says Democrats have chance in Arizona


Filed under: 2012 • Fundraising • Mitt Romney • President Obama
soundoff (220 Responses)
  1. Jerry

    That's about ALL this clueless/divisive president can do. He extorts money, particularly from small businesses and corporations that are afraid his administration will cause problems for them.

    While he's campaigning 24/7, Washington is going o the dogs with all kinds of scandals and idiotic laws and policies. He talks about wanting to help the middle class, but when an opportunity arises to do just that, he disses it (XL pipeline, etc., etc.,etc., etc.) The only people he really wants to help are the "dolers" so they will feel they owe him their vote.

    God help America if Mr. Obama is reelected for a second term.

    April 21, 2012 06:33 am at 6:33 am |
  2. Brad

    Wow – I thought it was the Republican party that was for the rich – seems that perhaps many of the rich are behind the Dems. Not really a surprise though, if you want to know what a liberal is up to, just listen to what he is charging the other side with.

    April 21, 2012 06:33 am at 6:33 am |
  3. caeser

    If Mitt wants to be President he's going to have to buy it with his own money.
    After all what idiot would be stupid enough to give money to someone they don't trust.

    April 21, 2012 06:53 am at 6:53 am |
  4. anon-i-mouse

    He made all that money because of the many, many people like me who see his record over the past 3 years and keep donating to his campaign. He took an economy that was in total free fall (from the exact policies that Romney wants to put back in) and then stabilized it and got it growing again. He ended DADT, he killed bin Laden, etc, etc.....

    April 21, 2012 07:02 am at 7:02 am |
  5. Tony in Maine

    Absolutely amazing how the Washington Stenographic Pool, aka "them weenie librul media pointy heads," have reported this story turning Mittens and his Superpacs into the underdogs. You don't suppose Karl von Rove will be spending his Citizens United money on Democrats do you? I'm continually amazed by the "fair and balanced" approach which ignores the inconvenient facts.

    April 21, 2012 07:14 am at 7:14 am |
  6. LCSWquilter

    Looks like the Koch brothers will have to dig deeper into their pockets. Go, Obama!

    April 21, 2012 07:24 am at 7:24 am |
  7. Jaggar

    Does this mean he will pay the governement back for his trip to Africa where his wife was "finding her roots" and the 25 secret service agents to provide security for his daughter whle vacationing in Mexico? This man is a mouth piece and has done nothing to improve America. He has spent so much money and has put this country in a huge hole. He is the ONLY president who has not had a budget and his goal is to bankrupt America. Why does't anyone see this? Sad!

    April 21, 2012 07:33 am at 7:33 am |
  8. Amadea

    Doesn't anyone else see the irony here? America is staggering under trillions of dollars of debt. Millions of people are without jobs. Businesses are going belly-up at an alarming rate. Yet the "leaders" of this nation are spending HUNDREDS OF MILLIONS OF DOLLARS or perhaps even BILLIONS to get elected? SHAKE YOUR HEADS AMERICANS! This system is broken beyond repair. You no longer live in a democracy. How very sad.

    April 21, 2012 07:38 am at 7:38 am |
  9. Steve

    Please look at the candidates records before voting.....that is all I can say. What has the last 4 years brought us?

    April 21, 2012 07:56 am at 7:56 am |
  10. Mike

    Hope thats taxable income... being he wants the rich to pay more... bet the donations end up as a write off.. you know being he hates the rich... same ol sh%& !!! Don't tell me how the rich need to pay more when YOU accept this type of cash... should all go to the dept.. you know...for the middle class.. you could use that money for a middle class stimulus !! or use it for yourself.. let's see if he really cares for the middle class.

    April 21, 2012 07:56 am at 7:56 am |
  11. A Quatroni

    Sad that so many millions of dollars are wasted on politics, when so many millions of U.S. citizens are out of a job, scraping and scrounging and starving. This is one of the major things that's wrong with this country: EVERY politician is basically a millionaire! So they really don't care about you or me, only for themselves and their career, no matter what garbage they spew about how they are going to "change" everything. The only thing that changes is the numbers in their bank accounts.

    April 21, 2012 07:57 am at 7:57 am |
  12. Gaunt

    Obama could raise the dead and cure cancer and the far right and tea baggers would still call him a failure. reality means nothing to people like that. In fact in terms of international successes and domestic policy, Obama has been one of the most productive and successful Presidents in a generation. Baggers don't want to hear it of course, but their obstinancy and borderline-treason does not alter the facts. At the end of the Bush Jr Presidency, projections for the disastrous economy he left us with were for as high as 22% unemployment and a genuine depression. Obama saved American industry and car manufacturers (That Romney wanted to fail), and the economy is slowly recovering without having ever gotten anywhere near as bad as predicted. If only the Baggers did not block every attempt to raise revenue and reduce the deficit, things would be better still.

    April 21, 2012 08:00 am at 8:00 am |
  13. michael allan

    Oprah was quite generous, I would guess she figured a way to funnel about a third of that amount collected in March
    to the Obamas. Is the payoff a suite of rooms in the White House if he wins 2012?

    April 21, 2012 08:03 am at 8:03 am |
  14. lem

    For sure...so very true

    normajean @ verizon ,com

    From what we hear of and from what Mitt Romney says concerning his income, I would think he could easily pay for his own candidacy!!!!!!!! This is the very reason he will NOT become president. The voters know that he does not have any understanding of the pain of bills that you can't pay....a child is sick and there's no money for a doctor...the old car dies....etc. How can a man who has an elevator for his cars,,several mansions around the country and a wife who drives" a couple of cadillacs" possibly understand nor care about the econmic lower and middle classes??? HE DOESN'Tand he has threatened to eliminate several of the health advantages that women have depended on for years!!Do the voters REALLY think the is a man that will make things better??? HE doesn't even care!!!!

    April 21, 2012 08:06 am at 8:06 am |
  15. joe

    And most from big corporate donors who he pays back with our hard earned tax money. BARRACK OBAMA IS A LIAR

    April 21, 2012 08:07 am at 8:07 am |
  16. dnick47

    Evertime Romney is quoted by any news agency I think, "The Republicans cannot be serious?" It looks like others feel the same way and want Obama back rather then another repub failure.

    April 21, 2012 08:09 am at 8:09 am |
  17. Jay Bird

    Im sure none of his donors have anything to do with oil, anti-labor, polluting the environment, guns, corporate America. Just people giving out of the kindness of their hearts.

    April 21, 2012 08:11 am at 8:11 am |
  18. joe

    Again the Communist News Network (CNN) must 'moderate' my comment because it is anti Obama. Again the Communist News Network (CNN) proves it has drowned in Obama's tank. Is this rag run by Soros?

    April 21, 2012 08:12 am at 8:12 am |
  19. Matt Mattson

    Wow, Democrats hold a 10-1 lead in fundraising and we have the useful idiots proclaiming the Democrat Party is all about the little guy . . . Seriously, look in the mirror and ask yourself: "Am I a Democrat dupe?" Try registering as an Independent and see how quickly the scenery changes. Stop the mindless football type cheering for your party while the whole country suffers. Or, enjoy your slavery to a party that neither cares for you or will stand by you – all they want is to dupe you for your mindless cheering vote.

    April 21, 2012 08:16 am at 8:16 am |
  20. Gurgyl

    This election is all about rich v/s middle class America.

    April 21, 2012 08:21 am at 8:21 am |
  21. leo maniace

    Buying the presidency(like all others) one vote at a time. Dishonesty and corruption now rule politics in america.

    April 21, 2012 08:21 am at 8:21 am |
  22. Charlie from the North

    Good, He deserves that support and he is going to need that money to fight the Republican attack and lie machine.

    April 21, 2012 08:56 am at 8:56 am |
  23. Average American

    Mitt Romney, President of the United States of America. God bless america!

    April 21, 2012 09:09 am at 9:09 am |
  24. Chumlee

    Obama 2012

    April 21, 2012 09:12 am at 9:12 am |
  25. nolimits3333

    Romney closed a secret Swiss bank account under an IRS amnesty.

    What was in the Swiss bank account, Mr. Romney?

    April 21, 2012 09:18 am at 9:18 am |
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