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View Diary: Obama Campaign Raises $1 Billion (18 comments)

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  •  Well, since he had a billion (0+ / 0-)

    ...in fall 2011 -- he apparently didn't add any dough since then.

    Unless, these numbers represent pledges vs. receipts.

    Not certainly how this works.


    A child of five would understand this. Send someone to fetch a child of five. -- Groucho Marx

    by Pluto on Thu Oct 25, 2012 at 09:06:37 PM PDT

    [ Parent ]

    •  The fundraising cycle dates back to . . . (2+ / 0-)
      Recommended by:
      jmwalters, Pluto

      April 2011.  This is money that he has raised since April 2011.  Note that these are combined funds raised by Obama for America, by Obama on behalf of the DNC, and a joint fundraising group called the Obama Victory Fund which is operated by the DNC and the Obama campaign.  He didn't have a billion in the Fall of 2011.  He likely had something closer to $200 million to $300 million last Fall.  Most of the money has been raised in 2012.

      •  Thank you very much. (1+ / 0-)
        Recommended by:
        NotGeorgeWill

        I went over my research to confirm and see that this was largely a projection, causing lots of stress among Democrats.

        This from Politico in August 2011:

        Senate Democrats are increasingly concerned that President Barack Obama’s campaign money machine is sucking up so much cash that it will cut into the party’s aggressive campaign to hold on to the Senate next year, several Democratic sources say.

        Democratic senators have already pressed Obama campaign officials — including campaign manager Jim Messina — not to lock up the richest Democratic donors, but the presidential campaign declined to make such a promise.

        ::

        Obama’s reelection campaign and the DNC raised more than $86 million by June 30, with a large chunk of that coming from donors giving the maximum contribution. Obama may raise upwards of $1 billion for his reelection, smashing all existing fundraising records, though administration officials insist that’s not their goal. Much of the money in the last quarter came from 619 deep-pocketed donors who maxed out their donations and contributed a total of $22.1 million. There were more than 550,000 small-dollar donors who shelled out less than $70 each on average.


        A child of five would understand this. Send someone to fetch a child of five. -- Groucho Marx

        by Pluto on Thu Oct 25, 2012 at 11:14:46 PM PDT

        [ Parent ]

    •  he did not have a billion in fall 2011 (2+ / 0-)
      Recommended by:
      whenwego, Pluto

      Not even remotely close to that.

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