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Obama's 2012 Campaign Fundraising Could Top $1 Billion

3 years ago
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Well, we can expect at least one part of the economy to boom in the next two years: Some observers believe President Obama will raise -- and spend -- over $1 billion in his likely re-election campaign.

Obama raised a record $745 million in his 2008 run, the Washington Post reports, dwarfing Sen. John McCain's $368 million. Two-thirds of Obama's funds were raised online, and with the increased influence of the Internet in politics, that amount could easily be topped next time around, says Ben Ginsberg, a former adviser to 2008 GOP candidate Mitt Romney.

Plus, past elections show a statistical progression indicating that the $1 billion mark isn't far-fetched. In 2004, George W. Bush raised $367 million to Sen. John Kerry's $328 million.

President ObamaThe Post notes that a key difference in the '04 and '08 campaigns was that Obama opted out of public financing for the general election, which allowed him to maximize his appeal to previously untapped groups and individuals energized by his candidacy. In the final months of the campaign, his fundraising advantage allowed him to overwhelm McCain on television in every swing state. Given that precedent, neither major party candidate is expected to participate in the public financing system in 2012.

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8 Comments

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havecash

He's a good man and a fine President. He'll win again in 2012 and will wind-up (when he's done) as one of the best Presidents in our storied history.

December 13 2010 at 1:15 PM Report abuse -4 rate up rate down Reply
Michelle

Guess he's going to need it.....shame this money should go for some better causes and extreme poverty cases in the world.

December 13 2010 at 1:12 PM Report abuse +3 rate up rate down Reply
barney2022

And he is still bitter about the Supreme Court ruling in favor of corporations being allowed to make their own contributions. This man is against anything that doesnt help himself. Start listening closely to his speeches and count how many times he say "I" instead of "WE". Deep down this man would prefer a dictatoship over democracy.

December 13 2010 at 12:25 PM Report abuse +5 rate up rate down Reply
Kenneth

All the campaign funding in the world could not save him at this time. The failure to work on the economy and the direction this administration decided to take has angered many Americans. The November elections was proof of that. Now you have Obama trying the Clinton strategy of triangulation as they call it. If unemployment does not show some signs of improvement I am afraid he is going to find groups that represent each corner of that triangle with bats sending him to the next corner. He will find himself going from one corner to the next for the next 2 years.

December 13 2010 at 11:51 AM Report abuse +6 rate up rate down Reply
ettu

"The Post notes that a key difference in the '04 and '08 campaigns was that Obama opted out of public financing for the general election"............The promises they make, versus the promises they keep.

December 13 2010 at 11:23 AM Report abuse +3 rate up rate down Reply
Jackr888@windstr

It seems quite evident that individuals, groups or businesses that contribute large sums of money to any candidates election campaign would as a matter of course expect some sort of payback if the candidate wins the election. There have been rumors that two or possibly three billionaires decided to "buy" the presidency in '08. Most of the money contributed to the Obama campaign was in amounts less than $100.00 which generally speaking is not reported like large amounts are. If one person made 100 contributions of $25 that is $2500. Multiply that times 100 and you have a quarter million dollars. I would be interested in seeing the list of contributors to the Obama campaign to see how many times the same name appears on the list and to verify the actual existence of those individuals. Perhaps the new investigative in the House will look into this which if true action can be taken, if untrue at least the rumor can be squelched and Americans can renew their faith in the democratic process...........

December 13 2010 at 9:54 AM Report abuse +5 rate up rate down Reply
wgdisk

Not with my help he won't. Go Mike Huckabee

December 13 2010 at 9:51 AM Report abuse +4 rate up rate down Reply
Maureen

I would disagree. I think Obama is going to find it a LOT harder to get money from the average American in 2012. For one thing, if this disasterous tax deal goes through, most of us won't HAVE any money to send. Second, if this disasterous tax deal goes through, HE wont' be the one we support or donate to in 2012.

December 13 2010 at 9:48 AM Report abuse +5 rate up rate down Reply

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