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. DENNA

    @LTTC – Donations from the richest amongst us. When will you libs that rail against the rich start to rail against the true liberal elitists that pull th eDemocratic purse strings
    -----------------------------------------------------
    When you CONservatives stop being such prissy whiners. We don't have anyone flying the liberal flag who is as mean as Ted Nugent, Newt Gingrich and the rest. Maybe you all need more fiber in your diets.

    April 21, 2012 08:56 pm at 8:56 pm |
  2. nena

    There's your proof, President Obama is doing all the right things, he is taking care of business while the old fellows, the repugs are running around the country following after him trying to destroy him. Get it thru your head Repugs, President Obama is liked by more Americans, therefore he is going to be RE-ELECTED. President Obama has worked hard to get our country moving in the right direction, forward. The Repugs want to take us back to the old days, where the rich run the country and the h e ll with poor and middle class folks. No way are smart Americans going to let that happen.

    April 21, 2012 09:07 pm at 9:07 pm |
  3. Morgan Hill

    President Obama has shown that he loves his country and is willing to do anything to help its people move forward. Thank you President Obama, you continue to inspire us and motivate us to have faith in the good days ahead. President Obama has governed with an OPEN MIND & an OPEN HEART, I command him for all the good that he has done for our country.

    April 21, 2012 09:15 pm at 9:15 pm |
  4. Lizzie

    J.Oliver, your right, he is reasonable, right after he got into the WH he told the republicans to get to the back of the bus, sit down and hush I'm President, I don't need you, both house and senate are in democratic hands. That's what is called working together.

    April 21, 2012 09:37 pm at 9:37 pm |
  5. Lizzie

    J.Oliver, I forgot, you like a nanny state, no worries no more using your brain, just sit back relax and let government take care of you.

    April 21, 2012 09:38 pm at 9:38 pm |
  6. gary barba

    why doesnt't he use it to start paying down the 5 trillion in debt he ran up paying off the unions?

    April 21, 2012 09:39 pm at 9:39 pm |
  7. iceaxdave

    More Solyndras waiting to happen!

    April 21, 2012 09:57 pm at 9:57 pm |
  8. bailee

    Maybe Romney will have to resort to liquidating all of his assets, sell Ann's two caddies, and put his dog up for adoption!! Then he can declare himself a "free Spirit", who can win the Presidential race without the support of the Republican Party, and be a "Tea Partier" one day, a "conservative" another day", and a "moderate" yet another day!! Why rely upon someone else's money when you have soooooooooooo much of your own you must put it in foreign banks!!!!

    April 21, 2012 10:02 pm at 10:02 pm |
  9. liberal desease

    keeping people stuck on welfare and promising handouts is villainous, it gives them no hope

    April 21, 2012 10:11 pm at 10:11 pm |
  10. Larry in Houston

    WoW !! Obama has nothing but an uphill battle to climb !! I'm still Voting Democrat, because you have to choose between the least of the 2 evils. I guess at least we already Know what Obama has to offer, or has already done. Romney is going to cut / cut / cut – especially the post offices all over the country. Once they are cut, they won't ever come back. Somebody – either the DNC or axelrod, or Plouffe – is making a huge mistake. They really need to put somebody IN there. I suspect obama will end up being a one "termer" You hear things like : he's a socialist, a marxist, he's half black, half white, he's a muslim, he's this , he's that, he's a communist, his dad's a muslim, so that means he's a muslim, and his mother is white, so that means he's this or that. I mean, he's got bill ayers & the jeramiah wright / and the joe the plumber Thing ALL Against Him. You Don't Hear That Stuff About Hillary, or Anyone Else, For That Matter.
    Why don't another Democrat RUN ??? I mean are they all scared of obama ?? He's got an Uphill climb, I actually feel sorry for the guy. But – I'm still Voting Democrat 2012 -

    April 21, 2012 10:17 pm at 10:17 pm |
  11. peggy

    Romney bought the nomination. Maybe he can buy the presidency too and then disaster.

    April 21, 2012 10:18 pm at 10:18 pm |
  12. Brian Dodge

    I don't see how a president who failed to get Bin Laden –
    er, who failed toe prevent a Wall Street meltdown and Great Depression-
    er, who failed to pass a health care plan modeled on a "severely conservative" Republican Governer's plan –
    er, who has a declining stock market –
    er, who has SOME failure we can pin on him – right? – can get re-elected.

    April 21, 2012 11:57 pm at 11:57 pm |
  13. andy_txn

    Ain't going to be enough. The uber rich will open up their collectively checkbooks & write $100's of millions – $billions for their Good Old Person, Mittens Romney. The likes old Koch bros(owners of the Teabaggers) Foster Freeze, Shelton Adelson Dupont clan & the Aussie, Murdoch(owner of gag, Fox) want to own the USA, & turn you average middle class Joe/Janes into serfs – peons.

    April 22, 2012 12:16 am at 12:16 am |
  14. nolimits3333

    If a Republican president saved the auto-industry, got Bin Laden in a special opts, gave the biggest working class tax cut in American history, signed a bill authorizing the reduction of spending by 15%, all the while reversing the most devastating economic collapse in 80 years....the Republicans would hail him as the Second Coming of Christ!

    April 22, 2012 12:49 am at 12:49 am |
  15. Greg

    You saw the numbers! 84% of Romney's donations are from contributors of $250.00 or less. 97% of Obama's are from contributors of $250.00 or less!
    That seems to kill the conspiracy theory of Obama utilizing the super pacs to his advantage as much as Romney! I also believe it is just fact that the majority of Americans back Obama.
    Election time will sure tell the reality now, won't it? There's a lot of noise being made by one side at the time and the theme seems to be we're better for office because of what they say Obama has done. Never mind that Americans are a little smarter than to miss the fact that most of what Obama has attempted has been completely thwarted by obstructionism.
    Until that obstructionism stops and his policies given a chance we can't even begin to properly assess him. I have a feeling he will win by a landslide not much different than in 2008 if not more and Mr. Nugent will definitely be dead or in jail.

    April 22, 2012 01:38 am at 1:38 am |
  16. Greg

    If you're going to vote GOP this year, I'm just wondering what the basis for such would be? I'm sure folks would never want to ignorantly voice their reasons equating to what the other side has done? I would hope they realize that intelligent thinking Americans would rather want to know "Exactly what they plan on doing?".

    April 22, 2012 01:43 am at 1:43 am |
  17. cnwilli

    just more favors Obama has to return with tax payer money. just like after the 2008 election.

    April 22, 2012 01:57 am at 1:57 am |
  18. Greg

    I have no doubts that Obama will be re elected. But I also believe there is a strong possibility the Dem's will get control of the house back and retain control of the Senate.
    IF...That happens we will finally see what Obama can do for us without the special interest representatives interfering. Not saying they'll succeed, BUT... The Republicans HAD their chance and blew it bringing on the financial and housing crisis before Obama was even elected. If Obama was going to have an opportunity to address anything properly you sure can't have the same architects of the catastrophy involved in attempts to fix things.
    Given an onobstructed attempt to fix this mess failing by the Dem's I'm not sure what we should do but it sure can't be done the way the Rep's want to do it.
    One thing the Reps truly have right though! That is we definitely need to face what we can and can't afford but before taking drastic actions you HAVE to educate the people as to what they are about to endure and why. Otherwise there could be absolute anarchy and their efforts would fail solely because of that.
    AWAY with the Fed and credit in this country!!!!! But you HAVE to do it right!

    April 22, 2012 01:58 am at 1:58 am |
  19. Jim

    Leigh2VA wrote:
    "Go ahead, throw your money at Obama. Seriously, I don't believe it will help this time."

    Leigh2VA I'm only a college student but I will, every single month because people like you keep me motivated! Thanks again!

    April 22, 2012 02:35 am at 2:35 am |
  20. larry5

    Re-elect Obama so that he can keep his promise to skyrocket energy prices. Too many Americans are still driving cars and heating their homes. Remember that Harry Reid told us we have to stop using oil because it's making us all sick. Obama's energy policy may save you from getting sick on the day you can't afford to fill up the tank.

    April 22, 2012 03:18 am at 3:18 am |
  21. Paul Ryan's Path to Poverty

    Republicans are too arogant and ignorant to realize the last 10 yrs of republican policies have failed to epic porportions. Giving greedy wealthy people more money does nothing but buy them a new audi,porsche or ferrari. The American people are sick of footing the bill for the rich and stop using god as an excuse for your greed.

    April 22, 2012 04:02 am at 4:02 am |
  22. KellyF

    Dont worry, my donation is coming next month...He's just getting started raising funds to be sure the repukes stay out of the white house....

    April 22, 2012 04:35 am at 4:35 am |
  23. Observer91

    Looks like President Obama is going to have himself a great time raising funds for his re-election bid. I'd rather have him than Mitt Romney, yet something perplexes me. How much do you guys want to bet that Romney will start to use his own money to help him campaign? If he does it might help him to win, or the opposite. Well, whether or not he "can" or "should" do it doesn't matter. President Obama may just well be our next president for another four years. I'll be watching.

    April 22, 2012 05:05 am at 5:05 am |
  24. TS

    The puppets strings are really long.

    April 22, 2012 06:37 am at 6:37 am |
  25. pat19439

    We know Obama's money all comes from foreign countries. All he needs is a towel wrapped around his head.
    He alreaedy bows to the yellow curtain .

    April 22, 2012 07:18 am at 7:18 am |
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