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. Mike

    I contribute $10 monthly. I can't afford much but I do what I can. It is that important to me to keep the fundies out of the White House and to keep the power away from the fringe teabag, evangelical folks. Personally I don't want to be part of a religious war with the rest of the world in modern times.

    It's time this country evolved to be about science, education, health and happiness instead of war, religion, greed and fear.

    April 21, 2012 06:11 pm at 6:11 pm |
  2. gg

    all the republican cult leader has to say so far is I,am white vote for me, I,am white vote for me

    April 21, 2012 06:13 pm at 6:13 pm |
  3. Larry L

    @LTTC

    "This proves that the uber-rich are all on Obamas side. Makes one think about who he really cares about."
    ----------------------------------------------------------–
    Really? I find it interesting to hear conservatives say so many things they obviously don't believe. It's an entire culture of dishonesty and delusion. Everybody takes their cue from Rush & Sean and then spouts the sound bites as if they were true. These contributions prove the 99% has had enough and can see through the B.S.

    April 21, 2012 06:17 pm at 6:17 pm |
  4. Steve

    Obama is always for the interests of the poor and middle class yet he lives it up on expensive vacations. How about he use some of his war chest to help those he pretends to care about. Those that could never attend the fundraising parties thrown on his behalf. BTW his 97% contributions under $250 is a lie. His organization knows well how to play the system such as gift cards purchased that do not show buyers identy

    April 21, 2012 06:17 pm at 6:17 pm |
  5. Mark from Louisiana

    Why doesn't the story mention how much money Jon Corzine has raised for obama? How is it legal for someone under federal investigation by a government agency to give money to the man who is in charge of that agency? I guess the more money he gives obama, the less investigating will take place.
    The obama administration will go down as the most corrupt in our history.

    April 21, 2012 06:20 pm at 6:20 pm |
  6. CedarRapids

    "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."

    funny thing is i think you actually believe this nonsense you spouted, and yet I would still reckon you would blame him for 'dividing the country'

    April 21, 2012 06:21 pm at 6:21 pm |
  7. dd

    it's sad that obama can find all this money for his campaign war chest...but none for the american people who pay his wages....and the sheeple go baaaaaa, um ok, whatever...

    April 21, 2012 06:26 pm at 6:26 pm |
  8. Real America

    I haven't even sent my donation in yet and he's ahead. Hope he can use my $20.

    April 21, 2012 06:28 pm at 6:28 pm |
  9. Sunny

    I don't care how much money he gets, I AM NOT VOTING FOR A SOCIALIST

    April 21, 2012 06:37 pm at 6:37 pm |
  10. BHPT

    Good for him. He'll need every penny to fight "citizens united's" GD Super PACS.

    April 21, 2012 06:40 pm at 6:40 pm |
  11. bad2worse

    How much do I need to buy the U.S. presidency?

    April 21, 2012 06:40 pm at 6:40 pm |
  12. luckjoe

    pzzzzzzzzzzzz on Obama. Romney 2012!

    April 21, 2012 06:51 pm at 6:51 pm |
  13. gg

    remember mr. president your fighting a cult leader and the devil in the name of the united states of america, now on to victory

    April 21, 2012 06:53 pm at 6:53 pm |
  14. hern99%

    He should start paying the tax payers back after failed loans to solar companies since he is still on the job.

    April 21, 2012 06:57 pm at 6:57 pm |
  15. Obo is Gone in 7 Months

    Michele just blew it all at KFC.....%#@#!(*^#!!!! We're broke. Can the Prez get a payday loan?

    April 21, 2012 07:13 pm at 7:13 pm |
  16. Al

    He should, the tax payers are flipping his bill and flights.

    April 21, 2012 07:34 pm at 7:34 pm |
  17. JC in Western U.S.

    Fun with numbers:

    If 97% of Obama's $104 million and 84% of Romney's $10.1 million came from individuals, it's possible to figure out a rough ratio of each candidate's most committed individual voters.

    Since we can't know how much money each individual donated, let's assume that each individual donor to both campaigns donated $250. That way, we are figuring the minimum possible number of individual donors to each campaign.

    97% of Obama's campaign money = $100.1 million and 84% of Romney's campaign money = $8.5 million.

    Which means that the ratio of the most committed individual voters, using the smallest possible number of potential donors for each campaign, would be 12:1 for Obama.

    April 21, 2012 07:38 pm at 7:38 pm |
  18. wermorethanyou

    We are the majority. If we vote Republicans lose. Basic math. It will get worse for repubs by 2016. Try fighting women and Latinos in 2016. Stupid repubs

    Obama2012Hillary 2016

    April 21, 2012 07:45 pm at 7:45 pm |
  19. cigarman

    I can`t wait until Romney wins the White House. I will give you some reasons. The Black man will be out of the white house. Women will be put in there place. We will take away a lot of womens rights, such as , Right to equal pay for equal work that men earn. Take away contraception, from women. We will try to restrict women`s voting rights. We will abolish Healthcare. Women are getting to much power. We will take away Social Security. We will take away Medicare. We will reduce taxes for the RICH and put more of the tax burden on retirees and the poor, and the Middleclass. We will try to get rid of the middle class. We will do away with unemployment benefits. We will abolish the right to have UNIONS. We will start a War with IRAN, or someone, We do not care who. I know this because that is what all of the Republican WANNABES have been saying for the last six months. I cannot wait until the Republican Nazi Party takes over.

    April 21, 2012 07:47 pm at 7:47 pm |
  20. mcskadittle

    I love how the best thing republican parrots can come up with are silly names for the President

    April 21, 2012 07:51 pm at 7:51 pm |
  21. DENNA

    If you are part of the 99% you had better hope that President Obama wins again because Mitt does not care a thing about you. The GOP is amazing. They can actually make middle class people vote against their own self interest. That scares me more than anything.

    April 21, 2012 08:26 pm at 8:26 pm |
  22. JerPell

    I’m one of those people who collected unemployment for 3 years, Now I’m allowed to abuse the welfare system along with food stamps and I also get my heating oil fully subsidized. Your darn right I’m voting for Obama, I don’t want to be forced to look for a job. Now I’m fully and completely dependent on the Government, He bought my vote, I like my free handouts!

    April 21, 2012 08:45 pm at 8:45 pm |
  23. H. Hall

    I am sick and tired of the righties whining about Solyndra. How much money do you think our government has thrown at the oil and gas industries and the military industrial complex over the last century? The righties don't have any problem spending taxpayer money on their pet projects. God forbid our country should lead the world with new technology and discoveries. The right wing doesn't believe in alternative energy development, climate change, stem cell research etc. because these politicians are the lapdogs of the oil and gas industries and they also believe the earth is only 6000 years old.

    April 21, 2012 08:48 pm at 8:48 pm |
  24. samikep

    For everyone that is saying how this shows the "99%" is supporting Obama, I would ask you to do the simple math. What this does show is that 00.1% of the population of the US (If all donations were from the US) was what donated money to his campaign. I wouldn't say that show any overwhelming support at all. SInce CNN has the only poll that currently has Obama even tied with Romney (Rasmussen, Gallup, Fox polls all have Romney up by 4+ points) I would say this just show that Obama supports are willig to come out of their pockets for him. That might have more to do with Hollywood and Unions than it does anything else.

    April 21, 2012 08:52 pm at 8:52 pm |
  25. rossmick

    Well the fight has just begun and looks like money is pouring in. I guess it is time to start sending my share. The Dem's need to get their act together and take the house, hold the senate and Obama wins. Come on independents use that good common sense and vote the right wing back to the dark ages where they belong.

    April 21, 2012 08:55 pm at 8:55 pm |
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