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. mdblanche

    @vowelmovement: So let's see, big donors cut checks to Obama 4 years ago to try and get him to do what they want, it doesn't work, so they shut their wallets, and Obama is still out-raising Romney based on small checks from the 99%. Works for me.

    April 21, 2012 02:07 pm at 2:07 pm |
  2. PAv

    GREAT! When are we going to see that money put to use? Romney needs some bashing.

    April 21, 2012 02:15 pm at 2:15 pm |
  3. blairablair

    How much of obama's money going to Gingrich to stay in the race?

    April 21, 2012 02:20 pm at 2:20 pm |
  4. MoMoney

    And that's not even including the kick from those Columbian gals

    April 21, 2012 02:23 pm at 2:23 pm |
  5. Scott

    Obama's official campaign may have more, but Romney will be supported by billions in annonymous, "unnaffiliated" superPAC funds financed by the few super-rich in this country who have pretty much destroyed any balance against their power.

    April 21, 2012 02:38 pm at 2:38 pm |
  6. trex

    ..........Did Mitt include all his money from forgien agents, and the Caymen Islands?...........................ooooppppppppps

    April 21, 2012 02:44 pm at 2:44 pm |
  7. Jeff M

    The money will dry up for Obama. He is NOT getting re-elected. Even Hiliary is not going to campaign for him. I am sure she resents him more than ever for stealing what would have been her presidency..

    April 21, 2012 02:50 pm at 2:50 pm |
  8. Stephen in VA

    From the NYTimes article about the big donors not coming through: "Mr. Obama is leaning harder on his grass-roots supporters, whose small contributions make up well over half of the money he raised through the end of March" – So, who in their right minds would look at Obama's success at raising a tremendous sum of money from members of the middle class as a bad thing? Promise the billionaires that you'll continue working for them and you get their funds. Get us middle class folks excited about the future of the nation, and you get what Obama has. That should have the (R)s and their uber-wealthy candidate quaking in their boots.

    April 21, 2012 02:54 pm at 2:54 pm |
  9. Funny boy

    Obismal, sorriest excuse for a president that pilfered funds can buy. Some of this comes from Solyndra, and the other failed green energy companies and some comes from Putin & Medvedev in Russia, some comes from his friends in Iran...yes he is the sorriest excuse for a president we have ever seen. He even makes Carter look good!

    April 21, 2012 02:55 pm at 2:55 pm |
  10. mfx3

    Tell me again how the public overwhelmingly wants Obama gone? Yeah, right.

    April 21, 2012 03:00 pm at 3:00 pm |
  11. petemg

    Obama needs to spend his money. He tours the country campaigning under the guise of talking jobs and such. To me he is still campaigning but will not spend his money in doing so. Since nobody in D.C. is really working since Obama took office, do we really need that great number. Plus the Congress people have how many assistants who are doing nothing. If they are doing nothing they deserve nothing, not even the seat of. Maybe should go with meet when needed. We already have laws that are remakes and renames of old laws. Poor excuse.

    April 21, 2012 03:00 pm at 3:00 pm |
  12. trex

    ....Its AMAZING how those $25 increments add up .............................screw big spenders and forgien agents that want to BUY our President.....................

    April 21, 2012 03:01 pm at 3:01 pm |
  13. nolimits3333

    Romney vs Obama.

    The 1% vs the 99%.

    April 21, 2012 03:02 pm at 3:02 pm |
  14. skytag

    vowelmovement: "Haw Haw Haw"

    Condescending laughter is a common tactic among those who can't deal with reality.

    April 21, 2012 03:03 pm at 3:03 pm |
  15. Mensaman

    It's nice he is raising money, but he still has to run on his abysmal record. The Democratic Party should have drafted Hillary. It will be Romney that wins this next close election.

    April 21, 2012 03:19 pm at 3:19 pm |
  16. lgny

    vowelmovement: Cayman conveniently forgets Obama's 12 billionaire buddies

    Actually, Romney is far ahead when it comes to big donors. The SuperPACS that supported the other primary candidates are not aligning behind Romney. This should give him parity WRT campaign spending.

    FEC data shows that Obama is getting more support in small donations while Romney is getting more from the deep pockets - a predictable finding considering their political stances.

    April 21, 2012 03:34 pm at 3:34 pm |
  17. LTTC

    This proves that the uber-rich are all on Obamas side. Makes one think about who he really cares about.

    April 21, 2012 03:43 pm at 3:43 pm |
  18. Leigh2VA

    Go ahead, throw your money at Obama. Seriously, I don't believe it will help this time.

    April 21, 2012 04:00 pm at 4:00 pm |
  19. J. Olver

    I don't have a lot of money but I have contributed a little to the President's campaign for reelection. No president is perfect but Mr. Obama has shown himself to be smart and reasonable while the opposition has shown itself to be utterly unwilling to compromise on anything. Since America has a philosophically diverse population there is always need for reasonable discussion and compromise. Mr. Obama wins on that count. I also prefer the direction he wants to take the country – forward – as opposed to the backward thinking of the GOP.

    April 21, 2012 04:01 pm at 4:01 pm |
  20. Kev

    Well that explain why this idiot camt to Ohio the other day. He wants more money. I would not give to this loser if he was walking down a dirt road in Kenya

    April 21, 2012 05:00 pm at 5:00 pm |
  21. Mash

    here comes my contribution for Obama/Biden. I want EVERYONE to have an education. Better an educated nation than a nation without one.

    April 21, 2012 05:15 pm at 5:15 pm |
  22. Sue

    And, in other news............You know, the news that CNN does not want to report...........

    Romney just won the nomination, the funds/donations will begin to pour in now.

    There were numerous articles today--including from the NY Times--big business is donating to Romney, this time--not boy blunder.

    I guess that big business wants a "leader" and someone who actually understands business and the economy in office the next 4 years--–not empty talk/promises/rhetoric of "hopey and changey".

    Yeeeeehawww............PACK YOUR BAGS OBAMA!!...............Let us see you try to defend/sugar coat your FAILURES after being in office for 4 years!!!

    Economy, still depressed/repressed..............Gas $4/gallon (it was $1.79/gallon when Obama took office, it has gone up OVER 100% since Obama took office)............Unemployment STILL over 8%, and after Obama/liberals spending trillions of dollars!!

    Hope and change for 2012--–Mitt Romney!!

    April 21, 2012 05:16 pm at 5:16 pm |
  23. Hil

    HIS petty SUBJECTS to distract from the Issues & his Record will not work...

    April 21, 2012 05:30 pm at 5:30 pm |
  24. Angy

    J. Olver

    I don't have a lot of money but I have contributed a little to the President's campaign for reelection. No president is perfect but Mr. Obama has shown himself to be smart and reasonable while the opposition has shown itself to be utterly unwilling to compromise on anything. Since America has a philosophically diverse population there is always need for reasonable discussion and compromise. Mr. Obama wins on that count. I also prefer the direction he wants to take the country – forward – as opposed to the backward thinking of the GOP.
    _______________________________________________________________________________________________

    I right there with! the rethugians have only proven themselves to be hatersand most of all HUGH LIARS. THEY CAN'T STAND THE TRUTH.

    April 21, 2012 05:46 pm at 5:46 pm |
  25. Church

    Why is Obama raiding medical marijuana dispensaries in states where the voters have decided to provide the PLANT for those who need it (and a few others)?
    He is shooting himself in the foot.
    Many of these reef smokers would normally vote for Obama - but now?

    April 21, 2012 05:58 pm at 5:58 pm |
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