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Obama campaign machine raises $29 million in January
U.S. President Barack Obama. PHOTO/File
President Barack Obama raised US$29.1 million for his campaign and for the Democratic Party in January, a strong fundraising month that put him ahead of the pace he set in the last quarter of 2011.
In a Twitter message Friday morning, the Obama campaign announced the president raised the money for his re-election effort, for the Democratic National Committee and related committees. The campaign raises money directly from donors and through a Victory Fund that splits proceeds with party efforts devoted to Obama’s re-election.
The month’s haul raises Obama’s total combined fundraising for this election cycle to about US$250 million. In the last three months of 2011, he averaged about US$23 million a month.
That fundraising concluded before the campaign’s announcement this month that, in a reversal, Obama would embrace the big big-money fundraising groups he once criticized and let them help in his re-election. Those so-called super PACs, financed with large donations from a small group of individuals, have been prominent in the Republican presidential primary and are also poised to spend millions in the general election contest.
The Obama campaign did not immediately provide a breakdown of the January fundraising but said 98 percent of the January donations were US$250 or less.
Many of those donors, however, are repeat contributors, meaning that their aggregate donations over the past year would exceed US$250. Still, the non-partisan Campaign Finance Institute, which analyzes contributions, found that small donors, those whose aggregate contributions amounted to less than US$200, accounted for 48 percent of Obama’s campaign income in 2011.
That more than doubles the small donor contributions to his campaign in 2007, as he mounted his first campaign for president. What’s more, the institute found that small donors accounted for only 9 percent of 2011 fundraising for Republican Mitt Romney, who is battling for front-runner status in the GOP presidential primary and is the top fundraiser in the Republican contest.
