Obama campaign breaks fund-raising record
October 4th, 2012
11:14 PM ET
10 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. sene

    i've been giving my 19 dollars religiously - as a upper middle class voter ... I make sure to vote for my economic interest and mitt romney is not it.

    October 5, 2012 12:07 pm at 12:07 pm |
  2. bill

    It is the responsibility of all Democrats to Boycott GE products and services – as they are attacking all Democrats and what we are trying to achieve. Their leaders have taken sides in the election. There are plenty suitable or superior replacements for all their product offerings.

    BOYCOTT GE ...............................

    October 5, 2012 12:13 pm at 12:13 pm |
  3. An objective observer

    Obama raises money from people (small donors) this is revealed! Romney raises funds from CORPORATIONS (who are buying the election) Romney still has not revealed who these donors are ... we know the KOCH BROS, SHELDON ADELSON, DONALD TRUMP... + the Supreme Court has approved law that corporation can donate unlimited funds. Romney says CORPORATION ARE PEOPLE. MY FRIEND... In case you Americans are not aware, the White House is for SALE.. Just because your president is BLACK... Yes, he did have a budget, but the House /congress would not pass, Everything that he has tried to do has been "fillabusted" (new world for me) . Now I know when I travel around the world why I wear my MAPLE LEAF... don't want to be identified as an American ....
    Still believe in Obama and hopes that he wins another term.. American don't know how good a president they have. Romney will be a "puppet" president.. He will have to pander to the GOP and the Teaparty + he is not even liked by his own PARTY.. If he wins, Americans are in for "FUN" times.

    October 5, 2012 12:17 pm at 12:17 pm |
  4. Ronda in Houston,TX

    Praise The Lord!

    October 5, 2012 12:18 pm at 12:18 pm |
  5. hi

    obama is going to beat romney

    October 5, 2012 12:19 pm at 12:19 pm |
  6. Silence DoGood

    It will be interesting to see which campaign can buy the election.
    Battle of the Big Bucks!
    Obama returned many favors to Wall Street from 2008 donations. He is a good "investment"
    Romney = Obama = Corporate Politics
    Vote Green Party!

    October 5, 2012 12:20 pm at 12:20 pm |
  7. Sean

    Via these donations the people have spoken. With Romney only the corporations have spoken. The difference in how the two parties raise funds tells the story of this presidential election.

    Obama 2012!

    October 5, 2012 12:24 pm at 12:24 pm |
  8. BLKMANinAmerica

    GREAT news.

    October 5, 2012 12:25 pm at 12:25 pm |
  9. J from Texas

    Can't keep a good man down!! Go Obama! He's not perfect but better than the alternative.

    October 5, 2012 12:26 pm at 12:26 pm |
  10. Chad

    see romney is clearly winning in corporation funding... corporations putting millions into superpacs. sure obama has some but do they have guys like the koch brothers and sheldon adelson giving tens and i mean tens of millions of dollars to brainwash uneducated americans... yeah. poor people... middle class people vote in YOUR interests and beat romneyhood..... donate the change you have in your jar.

    October 5, 2012 12:28 pm at 12:28 pm |

    God Bless the POTUS!
    Obama 2012!

    October 5, 2012 12:31 pm at 12:31 pm |
  12. teb0504

    sad when an election is won on money & not character. both candidate lie however one is an anti-american

    October 5, 2012 12:32 pm at 12:32 pm |
  13. Larry in Houston

    GOBAMA !! He ain't perfect, but he's better than the alternative.

    To be perfectly honest – I don't see how there could be so many "undecided" Voters out there. Truth be known, they all already know who they are most likely to Vote for, plus I can't see how someone who hides their money in off shore tax shelters, and at the same time is saying things that are the opposite of what he does. I don't trust Romney, period.
    Vote Democrat – 2012

    October 5, 2012 12:33 pm at 12:33 pm |
  14. Silence DoGood

    Interesting "grass roots" people "like me" who donated to Obama in 2008.
    I especially like the US government giving money!!!
    (that is sarcasm for those Obama kool-aid fans)
    Goldman Sachs $1,013,091
    Microsoft Corp $852,167
    Google Inc $814,540
    JPMorgan Chase & Co $808,799
    Citigroup Inc $736,771
    Time Warner $624,618
    National Amusements Inc $563,798
    IBM Corp $532,372
    General Electric $529,855
    US Government $513,308
    Morgan Stanley $512,232
    Latham & Watkins $503,295

    October 5, 2012 12:34 pm at 12:34 pm |
  15. GOP = Greed Over People!

    And yesterday in Madison President O held a rally with 30,000 supporters in attendance.

    Robme and Lyin' Ryan had 6,000 supporters in VA.

    If the debate "loser" still outdraws real voters by a 5 to 1 ratio, let me declare President O the loser of the next two debates now!

    October 5, 2012 12:35 pm at 12:35 pm |
  16. Mike

    I'll donate another $25 to Obama campaign to stop the guy with no core values who would say and do anything to get elected. Mitt is the worst flip floper candidate we ever had!

    October 5, 2012 12:37 pm at 12:37 pm |
  17. Mark

    Hey thanks for posting this! I was considering donating to the Romney Campain this morning, and didn't. This post put me right over the edge, and I went right to Romney's site and made a donation. Thanks for helping me to take action, I appreciate it!

    October 5, 2012 12:37 pm at 12:37 pm |
  18. ug

    Funny how they forgot to mention Romney raised more than ovomit! LOL! vote Romney.

    October 5, 2012 12:44 pm at 12:44 pm |
  19. ModMind28

    Gave my $35.00 last week. Still believe in this campaign!

    October 5, 2012 12:46 pm at 12:46 pm |
  20. Arthur Redding Jrj.

    Actually, I was planning to buy a GE dishwasher this weekend. My wife and I looked at dishwashers over Labor Day weekend.

    Because of Welch's ugliness, I think we'll go with the other brand instead.

    October 5, 2012 12:49 pm at 12:49 pm |
  21. GI Joe

    I can make one more donation before I reach my limit - maybe this week-end. ha ha ha ha ha ha

    October 5, 2012 12:51 pm at 12:51 pm |
  22. GI Joe

    I voted for Obama/Biden last Tuesday.

    October 5, 2012 12:52 pm at 12:52 pm |
  23. GI Joe

    @Silence Do Good - how much did those same ones give to Robme? ha ha ha ha ha ha hhaha

    We can all check those numbers and omitting one side is just like the republicans.

    Obama/Biden 2012

    October 5, 2012 12:55 pm at 12:55 pm |
  24. GI Joe

    @Wake Up People

    Take it easy on him – he's probably in one of the red states and we all know education is low on their list.

    Obama/Biden 2012

    October 5, 2012 12:57 pm at 12:57 pm |
  25. Jim

    Romney's big money supporters are pulling out because they know he can't win, and Obama supporters are giving more because is going to win and carry the house and senate with him. Goodbye republican party.

    October 5, 2012 12:59 pm at 12:59 pm |
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