Wednesday 13 July 2011

Obama Re-Election Campaign Says More Than $86 Million Raised


President Barack Obama’s re-election effort raised more than $86 million in the quarter that ended June 30, his campaign said in an e-mail to supporters today.
The total is a combined number collected by Obama’s campaign and the Democratic National Committee, including money received by the Obama Victory Fund, a joint fundraising body run by the two entities. The release also highlighted the 552,462 individuals who donated money, saying it shows the president can recapture the grassroots support that added momentum to his 2008 campaign.
“We have reason to be proud of what we have built so far, but it’s going to get tougher from here,” Jim Messina, Obama’s campaign manager and a former deputy White House chief of staff, said in a video to supporters. “Our job is to bring more people into this campaign.”
Obama’s fundraising contrasts with that of the Republican field seeking to challenge him. Former Massachusetts Governor Mitt Romney, who polls show is the leading contender for the 2012 Republican nomination, said he raised $18.3 million during the second quarter. That figure doesn’t include the money raised by the Republican National Committee.
Messina said Obama for America raised more than $47 million, while the DNC had raised more than $38 million. The president’s campaign had set a second-quarter goal of raising a joint $60 million for the DNC and the Obama bid.
Source: www.bloomberg.com

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