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. Travis

    I think it's funny (not really), that so many people are happy to see President Obama take in such a large amount of money in campaign funds, but yet when Romney reports a large amount of money in campaign funds, so many of you get upset/angry.

    It should a shame for all Americans, that both parties are about to take in so much money, and for what? Has anyone stopped to think about what that money is actually used for? I would think that if either side is so "concerned" about America and it's middle-class, that they would use it for other things instead of the same old finger-pointing we've seen from both sides.

    As far as I'm concerned, neither party will see one penny for me. I refuse to add gasoline to the fire.

    October 5, 2012 12:59 pm at 12:59 pm |
  2. GI Joe

    I'd vote for Sarah Palin before Mitt and Lyin Ryan.

    And I'd shoot myself before voting for Palin.

    I voted for Obama/Biden tuesday.

    October 5, 2012 01:02 pm at 1:02 pm |
  3. humtake

    This is impossible. Sorry, but the media has been able to brainwash all the Libs into believing all Dems are poor or middle class people who only care about other poor and middle class people. So, this is all a lie.

    October 5, 2012 01:03 pm at 1:03 pm |
  4. ronald matson

    Thanks for telling me you gave money to Romney. So, I upped my total donations to Obama, and the democrat party to about $300.00, so far. And i am on S.S.

    October 5, 2012 01:31 pm at 1:31 pm |
  5. Amber Hamilton

    Sounds like the illegal contributions to Obama campaign is going to be revealed on Monday, lets hope, he is crooked.

    October 5, 2012 01:37 pm at 1:37 pm |
  6. Name w.bullock

    I'm heard that stephen cuttler are keep lot liar talk other people
    I will keep watch to stephens cuttler. What she saying to do with presdient obama

    October 5, 2012 01:41 pm at 1:41 pm |
  7. Larry L


    I'm waiting for the "It's Bush's fault " line from the left.
    No problem... "It's Bush's fault". He inherited a balanced budget. He started two wars that he didn't fund. He didn't veto spending bills. He cut taxes and reduced revenues below sustainable levels. Over 8 million jobs were lost BEFORE President Obama took office. Bush released the first bailout package. You were expecting President Obama to clean up the mess six months after he took office. Bush was President for 8 years. Do conservatives ever man-up?

    October 5, 2012 01:42 pm at 1:42 pm |
  8. zandhcats

    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

    All you have are those handful above? There are hundreds of millions grass rooted like me who only gave <$100,that added up the records. Unlike Romney, whose donors have given him millions of each, among a few are felony like Murdoch and Koch brothers, just Adelson so far already poured 10 millions to Romney. The donors themselves tell who the candidates' character is.
    BTW, neither am I on welfare nor in food stamp.

    October 5, 2012 01:45 pm at 1:45 pm |
  9. bugmetoo

    He can bring money in for himself, but not for our country.

    October 5, 2012 01:46 pm at 1:46 pm |
  10. JL

    GOP = Greedy One Percent

    October 5, 2012 01:48 pm at 1:48 pm |
  11. DENNA

    Thanks for the heads-up on GE. I'll be checking out their products and subsidiaries. If they don't respect the president, the I don't want their products in my home. Corporations should keep their mouths shut. They might offend the wrong people.

    October 5, 2012 01:55 pm at 1:55 pm |
  12. Larry L

    @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?

    90 billion in green energy gifts to his buddies; none of which are open today.
    You're simply repeating Romney's lies and distortions. Today Romney backed away from the 47% comment – another flip-flop. Do you think people might be on food stamps because the economy we inherited from Bush caused so much unemployment and under-employment their families were in need of food? They weren't making enough money to pay income taxes because so many are POOR!

    The majority of the deficit increase came from the recession the President inherited from the POTUS nobody on the right-wing remembers. He was the one who issued the first bailout package – actually a good thing. The other stimulus efforts saved America from a deep depression – while Republicans sat on the sidelines and obstructed progress.

    Look at the fact checkers before shooting off your mouth. Only a relative few of the companies boosted by the energy stimulus company went under. We had a terrible economy and new companies tend to be risky in Romney's comment about "about half" was just another lie – his trademark.

    October 5, 2012 01:57 pm at 1:57 pm |
  13. ku4twz

    who cares! Romney = jobs, Obama= no jobs!! Raise all the money you want.

    October 5, 2012 01:59 pm at 1:59 pm |
  14. Madrep

    The truth behind the numbers is coming shortly and we shall see where these donations stem from....hint...overseas credit...which is illegal. To those that keep sending this nutjob money, can you send me some too since you are in the mood for giving!!!

    October 5, 2012 02:01 pm at 2:01 pm |
  15. A True Conservative

    You are going to check on GE? Welch is no longer the CEO of GE – try to keep up! Immelt is currently the CEO and has served on Obamas team of advisors. GE also paid no income tax in years past. Does that make you angry, or do just angry at rich Republicans?

    October 5, 2012 02:08 pm at 2:08 pm |
  16. jackthegeek

    He can ask the socialist Zoro's to give half of his billions, but it won't make a change anymore. The Independents decided already to vote for Romney based on the debate where Obama choked.

    October 5, 2012 02:08 pm at 2:08 pm |
  17. Silence DoGood

    @G.I.Joe "We can all check those numbers and omitting one side is just like the republicans. "

    Republicans??? – I am voting Green Party for real progress! I am just pointing out that Obama looks a lot like Romney, he is just a better liar.

    October 5, 2012 02:09 pm at 2:09 pm |
  18. Peter Wolfe

    I decided not to vote nor contribute to either political party in this election because they act like children and avoid facts to their arguments. Both sides have good arguments but still they continue to say everything that either one says or does is negative. Quite simplestic in my estimination of the direction of our counry as a whole. Finally, I don't think anything will be done to better our economy till normal americans become more educated and that won't be solved with even more money or teachers just our society needs to change to what it formerly was in the past.

    October 5, 2012 02:12 pm at 2:12 pm |
  19. Granger

    GI JOE – voting for Obama....GI JOE of what nation? Certainly not a partiot of this nation

    October 5, 2012 02:12 pm at 2:12 pm |
  20. EJ

    Mitt pulled a Sarah Palin, she snook-in her notes writtrn on her palm, Mitt snook his in on a snotty hankie....

    October 5, 2012 02:15 pm at 2:15 pm |
  21. longtooth

    I'm retired on a fixed income. I've given $110 to Obama's campaign because I know he's good for our country. I also know Romney has absolutely no idea how I live, or what my life has been like. Mitt's not a bad man. He's just the rich, clueless kid in high school who did all the right things, and was still a jerk.

    October 5, 2012 02:17 pm at 2:17 pm |
  22. johnmenacherjr

    Already voted becuase I cant handle the lies and flip-flop from Mitt. I have no idea how he can spin like he does. What you say in secret is mainly how and what you are a nut lacking man to face you face to face bye mitty.

    October 5, 2012 02:18 pm at 2:18 pm |
  23. mary

    ku4twz; How does Romney equal jobs? He has been enjoying the Bush tax cuts for a decade now. How many companies has he invested HIS money..not Bain's, not investor funds, not borrowed money...HIS personal wealth in? He hasn't created any jobs and he enjoys the tax cut because he is supposedly a "job creator". BULLSH..T

    October 5, 2012 02:20 pm at 2:20 pm |
  24. jj19549696

    Here is where all the new part time jobs came from!
    Obama Protesters at Romney Rally admit that they are from S E I U and Paid by SEIU at $11.00/hour.

    October 5, 2012 02:23 pm at 2:23 pm |
  25. 4sanity

    Heh, good for Romney that his campaign is pulling in boatloads of money. I have no problem with relieving some billionaires of their cash.

    October 5, 2012 02:23 pm at 2:23 pm |
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