Obama campaign breaks fund-raising record
October 4th, 2012
11:14 PM ET
2 years ago

Obama campaign breaks fund-raising record

Washington (CNN) – The Obama re-election team raised more money last month than any campaign has brought in this election cycle, a Democratic source familiar with the fund-raising totals confirmed to CNN.

The campaign's September total is expected to exceed $150 million, the source said.

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That would top the previous monthly record of $114 million for Obama, set in August.

Officials refused to comment on campaign fund-raising numbers as the donations are still being counted.

The fund-raising information was first reported by the Wall Street Journal earlier Thursday.

Making sure each campaign has plenty of cash is key as the critical final weeks of the campaign approach - especially with a vigorous and now escalating TV ad battle ongoing in at least eight swing states.

September started with the Democratic National Convention and a well-received speech by former president Bill Clinton resulting in a bounce in the president's poll numbers. That helped solidify support for the re-election effort.

Obama is jointly raising money with the Democratic National Committee just as Mitt Romney is doing so with the Republican National Committee.

For Obama, August reversed a trend of several months in which Republicans out-raised the Democrats on the presidential front.

Romney brought in $112 million in August.

For the first time in history neither major presidential nominee is accepting federal matching funds in the general election campaign, only intensifying the chase for dollars.

One advantage for the president has been his ability to attract more small donors who can repeatedly give while the Romney campaign has drawn more large dollar contributors. Obama's campaign earlier this week announced it raised money from more than 10 million individual donors.

Romney officials have not yet indicated what their September fund-raising totals. Both campaigns have until October 20 to report their tallies to the Federal Election Commission.

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Filed under: 2012 • Fundraising • President Obama
soundoff (211 Responses)
  1. TellTheTruthObama

    Just like the Obama campaign to rush to the media to report record fundraising....like it will 'pull in' the stragglers who want to vote for the best fundraiser...unreal

    October 5, 2012 11:16 am at 11:16 am |
  2. momzna

    No wonder unemployment went down. With that money he could have created all those 114,000 new jobs that were reported today morning.

    October 5, 2012 11:17 am at 11:17 am |
  3. Farrok

    If every Democart sends the President 5 dollars Mitt Romney will be destoryed. Send in the Money to our President as he fights for 100% of Americans.

    October 5, 2012 11:17 am at 11:17 am |
  4. Wake up People!

    I see the illiterate w. bullock is back. Dude learn how to spell. The two sentences you write make absolutely no sense. If you can call them sentences.

    October 5, 2012 11:18 am at 11:18 am |
  5. PaulM

    OK, now can we see the breakdown of the accounting. Obama says $150 Million but doesn't offer any details...just another lie

    October 5, 2012 11:19 am at 11:19 am |
  6. CryBabies

    Its amazing how a teleprompter can change ones "attitude" when addressing ones subjects.

    October 5, 2012 11:20 am at 11:20 am |
  7. Kelly

    What is this mysterious source? Probably the same source who told Harry Reid that Romney doesn't pay taxes. Note the caveat:

    "Officials refused to comment on campaign fund-raising numbers as the donations are still being counted."

    October 5, 2012 11:21 am at 11:21 am |
  8. Larry L

    Romney's lies in the the debate drove me to another contribution towards the President's re-election. I might be able to stomach the picture of "chicken-hawk" Romney playing on the beach in France – draft-dodging the Vietnam War while I watched my buddies die in the Highlands. I might be able to tolerate his spoiled-brat attitude towards the poor and middle class. But a pathological liar is too much – especially when his Vice Presidential candidate has the same character flaw.

    October 5, 2012 11:26 am at 11:26 am |
  9. Me IN HOUSTON

    it's amazing how much I don't care about the money as much as I care about his debate performance. He had better win all of the remaining debates

    October 5, 2012 11:33 am at 11:33 am |
  10. wjmccartan

    After this is all over maybe both parties can put the extra coin they've been given and pay for a national breakfast program for kids. You know important causes. I know it won't happen with either party, but it would be nice to believe that both parties have ultruistic goals. Okay I took off my rose coloured glasses now, money is ephemeral to polictical parties.

    The President know the reality of the effects of republican democracies, and had at last check, righted a capsizing boat, when the captain a republican abandoned ship. They only thing I would advise Mr. Obama is to look around carefully and see that the people who manage the purse strings like the Bernake's. They were all there with GW when the ship was sinking and still said the world is flat. The people who run the federal reserve and all the financials advisors that came over from wall street, that were responsible for the American meltdown have to go. Ride them out of town on a rail, but replace every last one of them. Bring in new blood, people who haven't been trying to fill their pockets off the backs of working men and women. Clean house Mr. President, everyone can be replaced in the working world including these bums.

    Lucid One

    October 5, 2012 11:35 am at 11:35 am |
  11. sunsudo

    So the campaigner in chief comunity organizer can raise all this money but has not had a passed budget his entire time in office. Got to love it.

    October 5, 2012 11:39 am at 11:39 am |
  12. scieng1

    He should give back the money provided by Iran and China.

    October 5, 2012 11:42 am at 11:42 am |
  13. Sonia

    GOP got high blood pressure

    October 5, 2012 11:45 am at 11:45 am |
  14. Mack

    I donated last month and I just donated again yesterday. This is much bigger than just the President. He's only one man and needs our support. Yes WE can!

    October 5, 2012 11:46 am at 11:46 am |
  15. Lola

    Don't be fooled by fast-talking Romney. Reminds me of a car salesman. You know the type–will say anything to make a sale. Maybe Obama didn't impress at the debate because he spoke the truth and gave the facts, didn't just say what people want to hear. Sometimes the hard truth is hard to listen to. Please, don't be fooled.

    October 5, 2012 11:47 am at 11:47 am |
  16. rapierpoint

    All I can think of is how many teachers could be hired, infrastructure projects done, etc with all this money that gets donated. Wonder how much of the money the advertising and media execs are getting out of it. And people think Wall Street, the banks, and Big Oil are bad.

    October 5, 2012 11:47 am at 11:47 am |
  17. como1

    I remember Obama breaking his fundraising pledge in 2008 refusing federal $$ while McCain stuck by his pledge to accept federal $$ and was capped. The Obama flip flopper at work.

    October 5, 2012 11:48 am at 11:48 am |
  18. sunsudo

    I love how the dems say he lied but can offer no proof or facts of their own.

    October 5, 2012 11:51 am at 11:51 am |
  19. RITA

    Maybe if Mitt stop letting China bride his Bain company into sending them jobs, there would be more jobs here in America.

    October 5, 2012 11:51 am at 11:51 am |
  20. Facts Matter: Unemployment rate below 8%, GM is alive and Osama Bin Laden is dead

    Predictipn: The extreme right's fear will ignite a flurry of criticism. A question to these future "would be" detractors – Why does the extreme right care about how much money President Obama's campaign is bringing in? Is it because President Obama's donators ARE part of the 53% and the 47% who scrape together whatever they can to re-elect President Obama who they trust. Just curious. Why else would the extreme right be concerned about this?

    October 5, 2012 11:52 am at 11:52 am |
  21. sunsudo

    I'm waiting for the "It's Bush's fault " line from the left.

    October 5, 2012 11:52 am at 11:52 am |
  22. rocker71291

    What? I thought it was the republicans that had all the money???? Someone needs to get their stories straight!

    October 5, 2012 11:55 am at 11:55 am |
  23. obama is Out Of Touch with reality

    just saw the latest record, Gas 1.79 when obama took office, new price 4.09, so whats that tell you, obama wants to keep the poor poor and wants to make the middle working class poorer and the wants us all on food stamps to control us, its time for a new revolution and take the tea bags in the administration and have a tea party with them.

    October 5, 2012 11:56 am at 11:56 am |
  24. johnny popper

    Let me see if I've got this right: It is dishonest per Obama for a candidate to say the Democratic party has bought 47% of the voters when 50% of the country is on food stamps and not paying any income tax thanks to President Obama's policies but it's NOT dishonest for Obama to say he would halve the 8 trillion dollars of public debt he inherited in 2008 by 2012 and then go on to double the public debt to 16 trillion? and he has yet to explain why he doubled the public debt other than to balme everyone around him except himself.

    I love President Obama and his media's logic.

    "There will be no more pork in washington! I will go over each new spending bill line item by line item!" Candidate Obama – October of 2007.

    What an absolute LIE that was. 90 billion in green energy gifts to his buddies; none of which are open today. A national healthcare bill his sacrificual lamb Pelosi openly admitted to not reading before voting on it! A couple of reall whoppers right there CNN!!

    October 5, 2012 11:57 am at 11:57 am |
  25. NameCarter

    Obama need's out ! That's out !!!!!!!!!

    October 5, 2012 12:00 pm at 12:00 pm |
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