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. Ming

    One's choice of the candidates is so obvious. President Obama's supporters are the 99%. Mitt The Twit's supporters are the 1%. People generally support who supports them.

    October 5, 2012 07:18 pm at 7:18 pm |
  2. Anonymous

    Mr. President please get some rest before the debate. No flying in at the last hour.

    October 5, 2012 07:31 pm at 7:31 pm |
  3. JC in Western US

    I'm glad to have been part of this record breaking fund raising because it tells me that all of us together are bigger than the Koch brothers or any other individual who thinks he can buy a president. I wish that money didn't influence politics at all, but I'm realistic enough to know that it does, and that the only way to fight people like the Koch brothers is by turning their own weapon against them. Many small contributions from individuals also says that we put our money where our mouths are, that we cut back somewhere else to make it happen – which the wealthy don't have to do. Our combined contributions mean more.

    October 5, 2012 07:31 pm at 7:31 pm |
  4. DemsDIgOwnGrave

    And they say Mitt is trying to buy the election .... Obama skewers the supreme court in Citizen's United, but he's still not above taking poor people's money.

    October 5, 2012 07:34 pm at 7:34 pm |
  5. Terrance Kozak

    Imagine what the state of the United States economy would be had Obama put forth half the effort he's put into fundraising. Imagine what the unemployment rate would be had he chosen to focus on fixing the economy. Of course the truth is Obama needed to go to Vegas to fundraise. Who cares about a dead US ambassador, right? As Obama said "there are bumps in the road." A dead Border Agent because of the Fast and Furious fiasco. Big deal? Protect Holder and release no records. By the way, did you notice how no one bought today's unemployment rate? Even YOUR currency dropped in value. Canada is the greatest country in the world. If you haven't heard, we're about to sell our oil to China. Why? They have money.

    October 5, 2012 07:37 pm at 7:37 pm |
  6. arosel

    Obama keeps his word. If he does change it is because he's working to get something for the middle class.

    He is blessed and a Christian, unlike his potential challenger.

    Romney will say anything, change what he said, anytime he is faced with his own words.

    October 5, 2012 07:38 pm at 7:38 pm |
  7. Terrance Kozak

    by the way, wasn't it Romney who paddled Obama for his lying, bozos?

    October 5, 2012 07:38 pm at 7:38 pm |
  8. Albert Friday

    It looks like Obama doesn’t take homeless people to dinner and ask for donations.
    He must be dining with richer people than Romney.

    October 5, 2012 07:42 pm at 7:42 pm |
  9. Moondove444

    Good thing our POTUS takes a "licking"-and keeps on "ticking" (as the old Timex watch commercial went). Don't be surprised the Obama camp raised so much money...just wait and see what happens next!

    October 5, 2012 07:59 pm at 7:59 pm |
  10. OHOHOZO

    At this time, if we use toilet rolls then Obama will be re-elected.

    October 5, 2012 08:18 pm at 8:18 pm |
  11. Peter Wolfe

    After reading these comments, I just might contribute to Barack Obama's re-election hopes for the oval office again! I didn't vote for the guy in 08 but to think that the government doesn't do anything productive is wrong and a lie. Likewise that Romney can magically create an arbitrary number of jobs like 12 million jobs out of thin air. A last thing is that Obama wants to invest in science like STEM Celll research unlike Romney, so vote for reason not the past!

    October 5, 2012 08:28 pm at 8:28 pm |
  12. fire0bama

    0bama = a shameless liar and an empty suit

    October 5, 2012 08:29 pm at 8:29 pm |
  13. Jack J

    LOL, good for the Democrats because they are going to need that money for ads to balance the Presidents terrible debating skills.

    October 5, 2012 09:15 pm at 9:15 pm |
  14. Dr. Simonne Jameson

    American people forget the state of America after Bush, when Obama took over the Presidency.

    Needet a lot of courage , but a lot of time to put back the state on track. Obama has not finish, give him more time

    The world is behind him, and so am I.

    October 5, 2012 10:01 pm at 10:01 pm |
  15. Ryan

    I am not surprised that the desperate Obama campaign fabricated these bogus jobless figures!! Just a typical lawyer manipulating data to his advantage. Romney should win because he is the BEST candidate for president! Our country CANNOT afford another four irresponsible years with a socialist president!!!

    October 5, 2012 10:02 pm at 10:02 pm |
  16. Sandra LeVin

    I am absolutely incredulous at all of you who praise Obama and think he is working hard, doing a good job:
    He has missed 61.6 percent of his national security briefings in 2011. Skipped all briefings betwen Sept 4 & 11. He postponed and then skipped the briefing on the day after the Benghazi attacks. He met with NO world leaders at the UN Assembly, and has shirked his domestic obligations. He has held only 2 Cabinet meetings this year – Jan 31 and July 26. He has not met with the Jobs Council since January.
    To me this seems like the person who appeared at the debate on Wednesday – someone who enjoys all the perks of the office, but not the work.

    October 5, 2012 10:29 pm at 10:29 pm |
  17. Dea

    I am in OHIO and I have voted early for OBAMA

    October 5, 2012 10:31 pm at 10:31 pm |
  18. Dave

    I've always voted Republican, and I voted for McCain in 2008. But I think it's time for me to change parties. Obama didn't do so well in the debate, but over the past 3.1/2 years he has proven himself to be the careful, thoughtful President we need. He has brought us back from the dark abyss of global financial meltdown, he has walked the knife edge between stimulating the economy and borrowing to stimulate; He has ended our involvement in Iraq and he is ending the war in Afghanistan. The jobs report today finally shows the results of his slow, careful resolve. I want this guy to have another 4 years. And I do not like or trust Mitt Romney, nor his crazy religion.

    October 5, 2012 10:32 pm at 10:32 pm |
  19. Jason

    You know, if you have all those extra money, how about you go invest it, save it for retirement, pay for your kid's college tuition, use it to buy something you want, or do something that's a bit more useful than just throwing it at those politicians?

    October 5, 2012 10:45 pm at 10:45 pm |
  20. Romney cares less

    God Bless the POTUS!
    4 more years forward not back to the dark ages

    October 5, 2012 10:49 pm at 10:49 pm |
  21. h4x354x0r

    Krugman was speculating about this very thing happening several weeks ago.

    October 6, 2012 12:33 am at 12:33 am |
  22. ex-republican

    VOTE OBAMA 2012

    October 6, 2012 12:35 am at 12:35 am |
  23. SPQR

    President Obama 2012 says what he thinks is best for the American people, without caring if it is good or bad for his ratings.

    Mitt Romney says to the American what he thinks is best for himself and his ratings.

    See the difference ?

    President Obama 2012 !!!!

    October 6, 2012 12:55 am at 12:55 am |
  24. mike

    Thanks to Citizens United and the world's despise for republicans it's obvious who is benefiting from that decision.

    October 6, 2012 12:57 am at 12:57 am |
  25. petemg

    Now if he could concentrate and work as hard with the budget and not worry so much about himself.

    October 6, 2012 02:36 am at 2:36 am |
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