Obama Raises $86 Million For Campaign, DNC
The President’s first quarterly fundraising report was pretty darn good, and pretty much dwarfs what Republicans raised:
President Barack Obama collected $86 million combined for his re-election campaign and the Democratic party during the past three months, giving him a large fundraising advantage over the Republican field seeking to challenge him in 2012.
Obama campaign manager Jim Messina said in a video posted early Wednesday that it raised more than $47 million and the Democratic National Committee brought in more than $38 million through the end of June, building a foundation for advertising and get-out-the-vote efforts in next year’s election. Obama’s team had set a public goal of $60 million combined.
As expected, the fundraising totals outpace Republicans, who have collectively raised about $35 million so far, although some candidates have yet to release their results. At the same time in 2007, 10 GOP presidential hopefuls had raised more than $118 million, according to the Center for Responsive Politics.
While not decisive, this money gap is going to give Obama and the Democrats tremendous advantages going forward.