Obama fundraising shows hundred million dollar war chest
April 20th, 2012
05:09 PM ET
10 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. Tyrone

    Go on wit your badself Prez, beat Bishop Romney. It is truely the middle class vs The Rich, Richer & Richie Rich Romney. Can a brother pull nothin but D s this Nov???

    April 20, 2012 05:15 pm at 5:15 pm |
  2. The Real Truth and Nothing But the Real Truth

    hahahaha.... Obama trying to buy the election yet again huh?! $10 BILLION can't change Obama's record of failure into a record of success!! The American people have been paying attention like they were in 2010.

    I wonder how much of that was stolen directly from union members that don't support Obama???

    April 20, 2012 05:22 pm at 5:22 pm |
  3. normajean @ verizon ,com

    From what we hear of and from what Mitt Romney says concerning his income, I would think he could easily pay for his own candidacy!!!!!!!! This is the very reason he will NOT become president. The voters know that he does not have any understanding of the pain of bills that you can't pay....a child is sick and there's no money for a doctor...the old car dies....etc. How can a man who has an elevator for his cars,,several mansions around the country and a wife who drives" a couple of cadillacs" possibly understand nor care about the econmic lower and middle classes??? HE DOESN'Tand he has threatened to eliminate several of the health advantages that women have depended on for years!!Do the voters REALLY think the is a man that will make things better??? HE doesn't even care!!!!

    April 20, 2012 05:30 pm at 5:30 pm |
  4. Little Jimmy Truth

    Obama already used our taxes for his personal account.

    April 20, 2012 05:38 pm at 5:38 pm |
  5. helpuz

    So what – $100 M ain't going to get this guy re-elected. The only winners are the outfits that are going to collect his money and air his propoganda....

    April 20, 2012 05:55 pm at 5:55 pm |
  6. helpuz

    No Obama – you can't buy-off the American public this time!

    April 20, 2012 05:56 pm at 5:56 pm |
  7. Rick in Phx

    Independent here ! ! ! and, I won't be voting for the cult member....

    April 20, 2012 06:00 pm at 6:00 pm |
  8. JerseyBill

    Union paybacks at work.

    April 20, 2012 06:00 pm at 6:00 pm |
  9. MaryM

    100 million and growing. All needed to beat back Romneys millions, "we dont give a crap about the middle class or poor"
    Romney, just wants to give to his milionaire friends

    April 20, 2012 06:01 pm at 6:01 pm |
  10. G

    Obama/Biden 2012 enough said!

    April 20, 2012 06:10 pm at 6:10 pm |
  11. kayla

    latinos for obama

    April 20, 2012 06:16 pm at 6:16 pm |
  12. UnPerro

    Romney is a friend of the rich while Obama works for the little people? Yeah right. I call BS, considering that all of the President's 40,000-dollar-a-plate fundraiser dinners are always filled with his one-percenter liberal friends (Whom Obama will shower with tax breaks and subsidies if he's reelected, like he wants to do to Berkshire Hathaway's execs with his "Buffet rule."

    April 20, 2012 06:53 pm at 6:53 pm |
  13. karen

    Far cry from the almost billion dollars everyone said he is going to raise. He has lost the trust of so many that that hailed him as the one who will make the world unicorns and fairy dust. I don't see how he can possibly win in November.

    April 20, 2012 06:54 pm at 6:54 pm |
  14. American

    An American campaign for the people by the people.

    President Obama 2012

    April 20, 2012 07:47 pm at 7:47 pm |
  15. Blue Collar Worker

    I gave President Obama's campaign $25.00 last month and I am not on welfare or a union member. I retired after serving our country for 30 years.

    April 20, 2012 08:19 pm at 8:19 pm |
  16. Rick Ash

    If Obama really wanted to help the middle and lower income people he should empty out his campaign fund and give away the money, that might be reparation for 0.001% of the damage he has caused this wonderful country of ours. He must NOT be allowed to continue. He is a George Soros meat puppet.

    April 20, 2012 08:56 pm at 8:56 pm |
  17. Marie MD

    @real truth – you need to get real.
    Your boy was at some small gathering today (the only kind he has) where he was telling people that they had to pledge allegiance to him.
    What is it with the teapublikans and their pledges. Doesn't anyone in that party have any balls to stand up for what they really believe in without some fool telling them how to feel and what to say?
    What kind of men or women do we have running our country. Never mind, don't answer that. The Democrats are no better when they need to come to somebody's defense.

    April 20, 2012 09:39 pm at 9:39 pm |
  18. ladyfon

    normajean, so from what you are saying is, that if you work hard and become successful you are not allowed to be President? I guess America's motto needs to change to "America, were you shouldn't strive for succes." Maybe he could teach the lower class and middle class how to become successful. I have more faith in someone who is financially successful than a failure anyday.

    Romney 2012

    April 20, 2012 10:35 pm at 10:35 pm |
  19. Larry L

    Ted Nugent's rant and the lack of Republican response made me send in another considerable donation to the President. I don't want to see America controlled by people who promote hate and bigotry. I plan to contribute every week until the election.

    April 20, 2012 10:45 pm at 10:45 pm |
  20. The Film Professor

    I hate it, but this is totally necessary -- and still the biggest corporations and Wall Street firms will flood their money into the election to try to get their boy Mittens in office. This fall promises to be the nastiest campaign ever, all thanks to this horrible group of Republicans on the Supreme Court.

    April 20, 2012 10:50 pm at 10:50 pm |
  21. 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

    April 20, 2012 10:57 pm at 10:57 pm |
  22. jack878

    Since the 2 biggest sources of Obama's funding are cancers to our society (trial lawyers and unions) any vote for Obama is a vote to destroy America.

    April 20, 2012 11:10 pm at 11:10 pm |
  23. Skip S. Skeptic

    Obama shouldn't be the 45th president since THEY, especially I, hate him for all of the taxes given to him.

    April 20, 2012 11:25 pm at 11:25 pm |
  24. alex

    Ha haa what happened to all of romneys rich friends? Even they see the writings on the wall for Romney... This is why Romney will lose in November..

    Romneys record… As MA governor
    1. Ranked #47 in Job creation. Meaning 46 other states in the US had better job creation record than Romney. And he didn’t inherit an economy totally devastated unlike Obama.
    2. Approval number = 32% when he left office.
    3. Only 29% said they will vote for him again. (71% said NEVER again).
    4. The two to economic advisers are the SAME two top advisors of bush..
    My foot Romney can create jobs!!!

    April 20, 2012 11:29 pm at 11:29 pm |
  25. Howwhy

    On Nov.6th half of the country will be heartbroken and the other half mad as... But united it will not. Since Obama has taken office I have never heard so many people say so many disrespectful things about a president. Not the one who in the 80's declared war on the young blacks in the ghettos. Not the one who cheated on his wife while in office or signed legislation to send our jobs overseas. Not the one who left thousands of poor people to starve days after Katrina or started a fake war or deregulated banks or crashed the housing market. What's wrong with the people in this country!?! This man has worked hard since day 1 to help everyone in this country and congress,the tea party has done nothing to help! They need to be sent home not Obama.

    April 20, 2012 11:29 pm at 11:29 pm |
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