Politics
Obama campaign team and DNC raises $70 million in 3rd quarter
The Obama Campaign and Democratic National Committee (DNC) raised a combined nearly US$70 million for the 2012 campaign from July through September, the groups reported today in an email to supporters.
Obama for America brought in US$42.8 million, while the DNC banked US$23.7 million, a campaign official told ABC News. The figures include transfers from the Obama Victory Fund, a joint account that funnels money to both groups.
All 17 fundraisers Obama attended during the quarter supported the fund, with the first US$5,000 of an individual’s contribution going to the Obama Campaign and the rest, up to US$30,800, going to the DNC.
Obama’s robust total, surpassing the campaign’s US$55 million goal, reflects the continued effectiveness of his campaign money machine, and the advantages of incumbency to help turn out cash, all despite months of sagging poll numbers and flaring economic frustration.
