Obama raises $29 million for campaign, Democrats

By JIM KUHNHENN, the Associated Press
Posted Feb. 17, 2012, at 8:07 p.m.

WASHINGTON — President Barack Obama pulled in $29.1 million for his re-election campaign and the Democratic Party in January, raising his total for this election cycle to about $250 million.

The sum, announced Friday, shows he’s picked up the pace from his $23 million-a-month average of the final three months of last year

According to financial reports and Obama campaign officials, the Obama Victory Fund, a joint venture of his campaign and the Democratic National Committee, raised $13.4 million. Separately, the Obama campaign raised $9.3 million, the DNC raised $6.1 million and an Obama swing state fund raised $384,000.

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 m illions in the general election contest.

The Obama campaign said 98 percent of January donations were $250 or less. Federal Election Commission filings show Obama’s campaign alone pulled in more than $5 million in unitemized contributions, usually less than $200 apiece.

Many of those donors, however, are repeat contributors, meaning that their aggregate donations over the past year would exceed $250. Still, the nonpartisan Campaign Finance Institute, which analyzes contributions, found that small donors, those whose aggregate contributions amounted to less than $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.

http://bangordailynews.com/2012/02/17/politics/obama-raises-29-million-for-campaign-democrats/ printed on August 20, 2014