Obama fundraiser to pull in $900K
April 25th, 2012
11:03 AM ET
3 years ago

Obama fundraiser to pull in $900K

(CNN) – President Barack Obama will only have to travel four blocks to his campaign fundraiser in Washington Wednesday, but the event will boost his reelection bid's coffers by nearly $900,000.

A campaign aide said the evening event, held at the Jefferson Hotel, would be attended by 25 supporters paying $35,800 per ticket. That's the legal limit an individual is allowed to contribute to a campaign per cycle and to a party committee per year.

Proceeds from the fundraiser will go to the Obama Victory Fund, a joint fundraising committee of Obama for America, the Democratic National Committee and several state Democratic parties.

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Last week Obama's reelection team filed fundraising records with the Federal Election Commission showing they, combined with the Democratic National Committee, had raised $53 million in March, an increase of $8 million from the month before.

In total, Obama's team has just over $104 million cash on hand, a ten-to-one advantage over likely GOP nominee Mitt Romney.

All together, Obama's campaign and the Obama Victory Fund have raised a combined $291 million through March 30.

CNN Political Editor Paul Steinhauser contributed to this report.


Filed under: 2012 • President Obama
soundoff (32 Responses)
  1. Wire Palladin, S. F.

    I am pretty sure the economy was cratering under the former inept occupant of the white house, not President Obama.

    April 25, 2012 12:23 pm at 12:23 pm |
  2. Bill

    Say what you will about Obama. The man may not know how to be President but he SURE is a bigtime fundraiser. Maybe this can be his occupation after the upcoming election.

    April 25, 2012 12:23 pm at 12:23 pm |
  3. Wire Palladin, S. F.

    I wonder how much Mittens will bring in with his "Dinner with Ann and I" gimmick.

    April 25, 2012 12:24 pm at 12:24 pm |
  4. Rudy NYC

    The Truth wrote:

    Our "social contract" is the US Constitution. No where in there does it state the job of the federal government is to perform the role of a charity. If these people wish to truly help people, their money is better off given to a reputable charitable organization and not to a bloated and corrupt Obama adminstration.
    ---------------
    I always thought that The Christian Bible defined the "social contract" and morals for conservatives. Why are you complaining about the the preamble to the US Constitution?

    "We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."

    You don't know what you believe, except for what you are told to believe.

    April 25, 2012 12:24 pm at 12:24 pm |
  5. Gurgyl

    Obbie, please count on me. I am sending some money. My fevorite president, Obama. God bless.....

    April 25, 2012 12:28 pm at 12:28 pm |
  6. Four and The Door

    Wire Palladin, S. F.
    I am pretty sure the economy was cratering under the former inept occupant of the white house, not President Obama.
    _______________________________________________________________________________________________
    The economy was in bad shape in 2008. That's not the issue. The issue is that in that situation Obama came in and started throwing tens of $billions at every problem that came across his desk. Meanwhile, American families and businesses were cutting back and tightening their belts. How did he get away with it? By promising jobs jobs jobs with every $billion bill he signed. Oh, and because he had congress in his pocket. In any event, for the next 2 years unemployment just continued increasing until it was over 10% by the 2010 elections. That was when the Republicans gave Democrats a "shellacking". And when unemployment started coming down. 2012 will finish the shellacking and you can be confident under Romney and a Republican congress the economy will recover for everyone.

    April 25, 2012 12:37 pm at 12:37 pm |
  7. The Real Truth and Nothing But the Real Truth

    Rudy - I always thought that The Christian Bible defined the "social contract" and morals for conservatives. Why are you complaining about the the preamble to the US Constitution?
    ============================================================================================
    What the heck are you talking about? I'm talking about the governance of this country and you start talking about religion, which you lefties always decry. You leftist only use religion if it furthers you're political power grab. Otherwise your ranting against seperation of chuirch and state. Make up your mind flip flopper.

    BTW, the words "promote the general welfare" doesn't mean to get everybody ON government welfare. The powers of the federal government were LIMITED by the Constitution, not a limitless power transfer from the people to the federal government.

    April 25, 2012 12:39 pm at 12:39 pm |
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