Obama fundraising shows hundred million dollar war chest
April 20th, 2012
05:09 PM ET
3 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. proudmemberofglobalzero

    I am one of those that makes a small donation when I can to the re-election of the President. I can't afford much but, I do volunteer. I give my time on the phone, canvass when I am off work, and register new voters. The actions I make in volunteering may help more than my money could. I am 53 and worry that my SS and Medicare funds will continue to fund wars and tax cuts for those that don't need them. I am proud to pay my taxes. Taxes are what makes us a civil society. Sometimes thought, I wonder.

    Please be nicer to each other. We take care of our friends and family...it will only get better from here.
    Off to work now...just a nine hour workday ahead of me. Love It. Yes, starting all over again.

    April 21, 2012 09:24 am at 9:24 am |
  2. GI Joe

    We have to continue to give him $10, $20, $50, whatever we can afford. The major corporations will have the SuperPACs steam-rolling the airwaves with lies, distortions, partial statements until the day we vote. We cannot let the corporatists (fascists) take over this country. There's still a lot to be done for the average person, and the republicans are certainly not going to do it. We see that every time Robmey flip-flops to rile the baggers. With every lie Robmey tells, it makes me work harder to get President Obama re-elected.

    April 21, 2012 09:27 am at 9:27 am |
  3. WiredweirdinSF

    Still no CNN or other liberally biased mainstream stories about Debbie Wasserman Schultz calling for Romney to release his tax return while refusing to release hers. Apparently the pro Obama media does not want to point up the hypocrisy of the democrat liberals.

    April 21, 2012 09:29 am at 9:29 am |
  4. Gurgyl

    Taxes are used by GOP thugs, not anyone.

    April 21, 2012 09:31 am at 9:31 am |
  5. John

    Well, let's see. The blacks will vote for Obama solely because he's black. And, the rest of the lemmings will vote for him because they'll believe his ads. Is this what CNN is saying (hoping)?

    April 21, 2012 09:32 am at 9:32 am |
  6. Anthony

    Obama's problem is not Mitt Romney. It is the Super PACs. They will spend hundreds of millions of dollars to elect Romney, so they can get trillions in tax cuts. Romney's tax plan will increase the deficit by over 3 trillion in the next ten years over current (meaning Obama's) policy. The rich will pocket most of the 3 trillion, and force the government to cut social programs such as Social Security and Medicare to make up the shortfall. The military and social programs make up the largest part of the federal budget. Since Republicans don't want to cut the military, the budget ax will fall on social programs. Repealing Obama's health care bill won't help. According to the Congressional Budget Office, Obama's health care bill actually reduces the deficit (because it raises more revenue than it spends).

    April 21, 2012 09:36 am at 9:36 am |
  7. LaPlut

    Obama 2012!!

    April 21, 2012 09:41 am at 9:41 am |
  8. Trollbane

    The Real Truth and Nothing But the Real Truth, I see that you are back to spewing your vitriolic, Koch brother, specious rhetoric.
    Posters, beware of this troll. His comments are always hateful and insulting = TROLL
    To be honest, Obama has sold out to the big money interests.
    He has broken more promises than I can count.
    I wish we had an alternative to the Dems and the Repugnants.

    April 21, 2012 09:44 am at 9:44 am |
  9. Bill

    The Real Truth; I'm Union and I support Obama and in fact so do most of my union co-workers.....

    April 21, 2012 09:46 am at 9:46 am |
  10. paul

    Obama campaign money will be a drop in the bucket of what the Koch brothers, Wall st., big banks, etc. will put in the Romney coffers. Big money does not want to see Obama elected because they know he represents the 99%. I have always said that anyone making a million or more a year should vote for Romney, the rest–Obama

    April 21, 2012 09:48 am at 9:48 am |
  11. Geoz

    I hope Obama crushes Willard.

    April 21, 2012 09:53 am at 9:53 am |
  12. Nobama 2012

    The latest polls show Romey in the lead, sorry Obama lovers. I'd like to see the POTUS run on an accomplishment, oh wait there were none. This campaign style of divide a conquer is a sad move by a desperate president who has no reelection chance. Most voters are aware of this tactic, however the democrats seem to always default back to bush. Bush has been out of office for 3+ years now. Time for some accountability, something's democrats severly lack.

    April 21, 2012 09:53 am at 9:53 am |
  13. Alois

    If the truth was known a portion of that money was stolen from the taxpayer in the form of campaign donations from the bankrupt company's like solyndra that went bankrupt after those donations were made.That's called money laundering using our taxpayer money.

    April 21, 2012 09:59 am at 9:59 am |
  14. Trollbane

    "there are a lot of dangerous delusional lefties out there." - Posted by The Real Truth and Nothing But the Real Truth on another article post.
    The REAL TRUTH... (not the Imposter) came back with:
    "Oh yeah.. bubba! Rank 'em right up there with your righ-wingnut, gun-toting, go-get-'em poster child – the Nuge!!
    Might want to put a leash on him before you worry about a few lefties.

    April 21, 2012 10:06 am at 10:06 am |
  15. Cayman Islands

    good. our president is going to need ever dollar he can get from the millions who support him to compete with the hundreds of millions a handfull of billionaires and oil comapnies and insurance companies are going to spend through the super pac lie machine to slander him

    April 21, 2012 10:07 am at 10:07 am |
  16. Cayman Islands

    Keep on repeating that ired lie "record of failure." People have eyes to see and ears to hear. You can say the sky is red, but anyone with a brain knows you are lying.

    April 21, 2012 10:08 am at 10:08 am |
  17. BunnyBunny

    Romney spent a lot of his own money the last time he ran for president. I imagine he will spend more of his money this election. After all looks like he's the nominee. Plus he is so rich, that him, his children, his grandchildren will never want, even if he spends a lot.

    I am at a lost as to why Romney wants to be president, anyway. He's not put out any changes he thinks need to be done. Except lowering taxes even more, which favors the wealthy, more than the middle class.

    Maybe, it's a desire because he is so rich, (been everywhere, seen everything, done everything etc). And it is something new, run a country. Or maybe, it has to do with his Religion, and the need to have a Mormon in charge of the United States. Oh well, who knows. Maybe Romney will tell us soon.

    April 21, 2012 10:10 am at 10:10 am |
  18. Michael Q

    SIlly posters keep thinking all this money is for the 'personal' use of the candidates. It's all about their parties, Democrats and Republicans, to get the votes of the independents! In America, money pays the bills for all that advertising telling you in 15-second sound bites, what to buy, who to vote for, and where to go. Members of the various parties are incapable of thinking what is best for the country over what is best for their individual party members. It's all a con game and now the cable news people (CNN, FOX, etc) keep giving their slant on the news to create controversy increasing their ratings, and we all keep buying the bull. Elections are now an industry onto itself and it's probably the only real job creator keeping the country's noses above the waterline, and we keep buying into it. But, everyone in the electoral process makes money, and that is America!

    April 21, 2012 10:26 am at 10:26 am |
  19. gideodog

    The only thing Obama has had success in is raising money.

    April 21, 2012 10:29 am at 10:29 am |
  20. rosiejones

    A Presidency by Mitt Romney will be a presidency to protect the rich, for the rich, and by the rich. The middle and lower classes will become even poorer and more desperate. It always amazes me to think that there are actually people in the "middle" who struggle with paying bills, childcare, health care, and still support the GOP. We NEED Obama!

    April 21, 2012 10:30 am at 10:30 am |
  21. brian in denver

    The success of the campaign's fundraising efforts is a good indication of the enthusiasm behind the candidate. To raise this kind of money, during a period of weak economic growth, from small individual donors, is pretty remarkable. As things heat up & get more negative, donations should increase, possibly indicating a land-slide victory for Obama in Nov.

    April 21, 2012 10:30 am at 10:30 am |
  22. Joe from Ohio

    Good to see some millionaires are still on the right side and NOT voting ONLY for the tax breaks the Rethugs hand out to CEO's like candy.

    April 21, 2012 10:49 am at 10:49 am |
  23. SEO

    Stock market doubled, 23 months of private sector job growth, unemployment dropping, troops out of Iraq, record numbers of deportations, 2.4 million more with health insurance who did not have it before, seniors saving millions on prescription drugs, GM and a million jobs saved, and the list of accomplishments goes on.

    April 21, 2012 10:53 am at 10:53 am |
  24. pjoe

    President Obama has tried his best. I thank him for getting Osama Bin Laden and his whack-a-mullah attacks against the terrorists. Michelle is a wonderful lady and his children are precious. I think his heart is in the right place.

    My main problem with the President is his big-government approach and his disregard for the debt and governmental waste and fraud. I will have to vote against him because of this ... we must reduce the size of government, we cannot afford it.

    But best of luck to you Mr. President, Michelle, and family. May God bless you.

    April 21, 2012 11:08 am at 11:08 am |
  25. znHcats

    The first time in my life I contributed to any politicians after reading SuperPAC would give hundreds of millions for supporting Romney to outrace Obama. There's no way a Republican will be in the WH, they are just a bunch of heartless villains. Period.

    April 21, 2012 11:31 am at 11:31 am |
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