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. Obama Supporter

    Way to go Obama, I'll donate.

    April 20, 2012 11:38 pm at 11:38 pm |
  2. YourBoss

    I'm truly confused by the comments on this page. The President has had more accomplishments for the middle class than any other President in the last 30 years and amazingly right after coming out of the worst Presidency in history. The fact that many of you are saying he's been a complete failure shows a complete lack of information and in many ways an unfounded level of ignorance. I could list the many many accomplishments of this Administration but instead I'll just refer you to http://pleasecutthecrap.typepad.com/main/what-has-obama-done-since-january-20-2009.html

    April 20, 2012 11:41 pm at 11:41 pm |
  3. mommytwice

    well, I guess if Mitt runs short on funds he could always pop into one of his overseas bank accounts to help out. At least he'll know he never had to pay taxes on it!

    April 20, 2012 11:43 pm at 11:43 pm |
  4. Payyourfairshare

    Mr. Obama has certainly proven himself successful at fundraising. In keeping with his personal philosophy of having the successful pay for the losers, Mr Obama should take 30% of his political fundraising and send it to Mr. Romney. Its only fair. We are here to help each other. That is what America is about, right Mr. Obama? I look forward to your contribution.

    April 20, 2012 11:47 pm at 11:47 pm |
  5. Dee G

    Obama/Biden 2012 – All the way, Baby!!!!

    April 20, 2012 11:52 pm at 11:52 pm |
  6. Nick

    Considering Romney is worth more than 250 million and considering each of children have a trust fund of 100 mil each, the family alone can fund Romney's campaign. Congrats to Obama on raising this much money.

    April 20, 2012 11:56 pm at 11:56 pm |
  7. Truth Dealer

    Bye Bye , Mitt ! You can't compete with the big boy'z ! President Obama is going to do to you what you did to your challenger's during the primary ! Mitt is going to get massacred !

    April 20, 2012 11:57 pm at 11:57 pm |
  8. Rob

    All this proves is that there are un-American liberal socialists in this country with more money than brains.

    April 21, 2012 12:09 am at 12:09 am |
  9. NoKidding

    Obama doesn't need 104 Million. The american people remember very vividly the 8 republican years under GW Bush and how this country was falling off the cliff thanks to them. So NO MORE REPUBLICANS TO DESTROY THIS COUNTRY.

    April 21, 2012 12:51 am at 12:51 am |
  10. usualone

    Hey jealous people, many of us little guys give to the President's campaign because we like that he saved us from the depression, got Bin Laden, is trying to get health care for all, saved the auto industry, won't rush into war with Iran and so forth. So attack him if you must, but we know the truth, while Romney cannot make up his mind what he wants to do - other throw a few ideas out there - like eliminating HUD, having war with Iran, revoking Roe vs. Wade. He isn't for the average American. So just dream on.

    April 21, 2012 12:56 am at 12:56 am |
  11. Steve

    Now we know where our stimulus went to this clown is gone November.

    April 21, 2012 01:04 am at 1:04 am |
  12. Dookey flavored kool aid

    Billion dollar campaign for a hundred thousand dollar job. Barry's muslim brotherhood regime

    April 21, 2012 01:11 am at 1:11 am |
  13. mk1

    Considering Crossroads GPS has already raised far more than the President, and will rake in hundreds of millions more from the few donors they have, I would say the President Obama will be outspent greatly by the GOP and their loaded few. It is the GOP that is going to try to buy this election, not a doubt in my mind and the rest of us will pay as they laugh all the way to the bank if they win. We could be in very serious trouble if that happens.

    April 21, 2012 01:16 am at 1:16 am |
  14. gpop

    Romney loves firing people. Romney cannot relate to everyday people. Romney has washed out rock-n-rollers endorsing his campaign. Romney has no realistic policies he can present to his blind followers. Romney will flip flip, say anything and sniff the derriere of anyone who he thinks can make him da boss man! No class at all!

    April 21, 2012 01:18 am at 1:18 am |
  15. clark1g

    I thought the fat cats were in the republican party .......

    April 21, 2012 01:21 am at 1:21 am |
  16. ThinkAgain

    Average, working Americans, as well as patriotic millionaires and billionaires, recognize that President Obama is on the side of moving our country forward, wanting to invest in our infrastructure, our basic scientific research, our education and our industries, which is the only way well make it in a global market.

    Robmey? He sees our country as just another asset to break up and sell off, all in the name of lining the pockets of his multinational corporate buddies who pay lip-service to patriotism, when all they care about is making money, regardless of the damage it does to our nation.

    Obama/Biden 2012

    April 21, 2012 01:21 am at 1:21 am |
  17. ThinkAgain

    The Real Truth and yada yada: "$10 BILLION can't change Obama's record of failure into a record of success!! "

    Because of President Obama's policies, our country didn't go into a Great Depression; the economy is slowly turning around, in spite of the GOP's continued efforts to make our people suffer; GM is alive and the top car company in the world; and Osama bin Laden is swimming with the fishes.

    The GOP and Mittens and all their supporters and lackeys (I'm talking to you, Yada) are the most pathetic bunch of people in our nation's history!

    Obama/Biden 2012

    April 21, 2012 01:24 am at 1:24 am |
  18. Anonymous

    Little Jimmy Truth, shut the hell up

    April 21, 2012 01:27 am at 1:27 am |
  19. dlg

    Obama 2012!!!

    April 21, 2012 01:40 am at 1:40 am |
  20. Iamnotfooled

    @TheReal truth ---Yes people have been paying attention and they know 2010 was a huge mistake that they will not make twice, and will get rid of them. The money coming in to the two campaigns says it all. Obama-Biden 2012.

    April 21, 2012 01:42 am at 1:42 am |
  21. Tom

    The derogatory comments in here about Pres. Obama appear to be made by total imbeciles.

    April 21, 2012 02:07 am at 2:07 am |
  22. Investment Advisor

    @tyrone...Please tell me what you said . And by the way, When did it become a bad thing to be rich...at least I think thats what you were alluding to in your message?

    April 21, 2012 02:51 am at 2:51 am |
  23. Dejavu65

    Go Obama.....Let the middle class speak....I am 99%!!!!!...The super rich do not care at all about the middle man,,thats just the way it is..Really pay attention to what Romney and his super rich friends say when they speak..The only color of money is green.. Do you really think Romney will even think about changing out the % of tax that the rich pay compared to the average working American!!!.....He will laugh in our faces all the way to the Bank!!

    April 21, 2012 03:38 am at 3:38 am |
  24. Aheadofu

    WOaaw, I can imagine the number of back door deals being made for that money. Free ride for everyone.

    April 21, 2012 03:39 am at 3:39 am |
  25. al jones

    Obama has an estimated bank balance ten times...10 X....what Romney has. And yet the Libs in the media constantly beat the drums and call Republicans the wealthy party. The party that is out of touch....HA.

    The fat cats and rich folks are Dems. Arrogant Libs who tell us how to live and what to do.

    April 21, 2012 05:41 am at 5:41 am |
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