Obama takes in $47 million in first fundraising quarter

posted at 8:45 am on July 13, 2011 by Ed Morrissey

No, it’s not the $86 million figure that’s been bouncing around since last night, at least not for Barack Obama’s re-election campaign specifically.  Jim Geraghty explained in his first report that the more spectacular figure included money that Obama raised for the DNC.  National Journal’s Reid Wilson got the specifics of what funds went into which coffer, but still calls the Obama result “staggering”:

President Obama‘s campaign will report raising a staggering $47 million in the past three months, his campaign manager said in a web video released early Wednesday morning.

That amount dwarfs the money raised in the last three months by the entire Republican field, underscoring just how great an advantage the incumbent will have over the eventual GOP nominee. Obama’s haul is well over twice as much as the $18 million the leading Republican, Mitt Romney, managed to pull in. …

The Democratic National Committee will report having raised an additional $38 million in the last three months. The two committees may raise money jointly through the Obama Victory Fund, an entity that allows donors to write checks for up to $35,800. That money is divided, with the first $5,000 of any contribution going to Obama’s campaign and the rest going to the DNC (The DNC must report their fundraising totals every month, meaning the committee will report raising about $14 million in June when they file their own reports).

The figure for Obama is staggering, all right, but perhaps not in the sense that Wilson means.  As Geraghty explains, the figures fall well below what is needed for the pledged $1 billion pace, and even well below the pace needed to match Obama’s performance in 2008:

But again, to match his $750 million from the 2008 cycle, Obama would need to average $107 million for seven quarters. Obviously, [it] is possible that Obama can make up ground in the next few quarters. But to hit that hyped $1 billion number, Obama would need to raise a bit more than $142 million per quarter. As impressive as the $86 million figure is, it’s below those markers.

And $47 million is almost half of the pace suggested.  It’s a pretty good number for an incumbent President, but comes just a little shy of George W. Bush’s 2003Q3 figure of $49.5 million.  But if Obama ends up maintaining this pace through the next three quarters, he will have raised just under $200 million in time for the general election — not a piddling amount by any means, but not the kind of fundraising that most people believed we would see from Obama, either.  At that point, Obama would have to raise $200 million a quarter to surpass his fundraising total of 2008, and closer to $270 million per quarter to hit the $1 billion mark.

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So it looks like Obama will have enough after all to pay those “checks” on August 3. He can always donate the take to charity or the IRS or offer to fund “free healthcare”.

Lourdes on July 13, 2011 at 8:48 AM

He is VERY VERY Beatable……

…….but only by a FEARLESS Conservative.

And that excludes anyone currently in Washington D.C.

PappyD61 on July 13, 2011 at 8:48 AM

This is what we’re up against…..

http://www.youtube.com/watch?v=Bg98BvqUvCc

PappyD61 on July 13, 2011 at 8:49 AM

And $47 million is almost half of the pace suggested.

But that’s not taking into account all the other millions he’s been squirreling away in the past two years from various budgets and all those parties in the White House.

Lourdes on July 13, 2011 at 8:49 AM

This is what we’re up against…..

http://www.youtube.com/watch?v=Bg98BvqUvCc

PappyD61 on July 13, 2011 at 8:49 AM

Yes, it’s grim, isn’t it, so many people in the nation today, so poorly or badly educated. Really mind boggling.

Lourdes on July 13, 2011 at 8:51 AM

How much of it is from foreign donations? I’m sure various dicators and Islamists laundered millions to his campaign.

darwin on July 13, 2011 at 8:51 AM

Doodad Pro’s been busy…

fossten on July 13, 2011 at 8:51 AM

Great. The two worst candidates, Romney and Obama have the most money. I just threw up in my mouth. They still both suck, policy wise…no matter how much money they have.

search4truth on July 13, 2011 at 8:51 AM

PappyD61 on July 13, 2011 at 8:48 AM

Yep.

gophergirl on July 13, 2011 at 8:52 AM

How much of this money is coming from foreign sources?

petefrt on July 13, 2011 at 8:53 AM

And $47 million is almost half of the pace suggested. It’s a pretty good number for an incumbent President, but comes just a little shy of George W. Bush’s 2003Q3 figure of $49.5 million.

Ha Ha

Caper29 on July 13, 2011 at 8:53 AM

He’ll meet his mark – with foreign money. And no one will say a damn thing. The illegalities in his 2008 fund-raising will look like child’s play compared to 2012, but Obama knows he’ll never be called out for it. Not by the media. Not by the GOP. We have a president who knows he can do whatever he wants — no matter how illegal — and he will never, ever be held accountable for it. He’s omnipotent and untouchable. A very dangerous thing, that is.

Rational Thought on July 13, 2011 at 8:53 AM

I just can’t believe people have that kind of money to shell out, let alone to this bum.

RDE2010 on July 13, 2011 at 8:53 AM

darwin on July 13, 2011 at 8:51 AM

Oops. Do you hear an echo in here? :)

petefrt on July 13, 2011 at 8:54 AM

So that’s what, a million per fundraiser? Not so shabby, considering you and I have subsidized the cost of travel for his entire wrecking crew to travel to those fundraisers.

Other candidates have much higher cost structures.

slickwillie2001 on July 13, 2011 at 8:54 AM

Harley D. Avidson and Sam Francisco each gave $100,000.

Strangely enough they both live in the Gaza strip; odd place for Americans to reside considering the security situation.

Huh.

Bishop on July 13, 2011 at 8:54 AM

Peggy, Peggy, Peggy

She and the rest of the sheeple will still vote for this weasel
———-

They keep giving this dude money after all the trash talk he has spewed

Kool-aid must be on sale

cmsinaz on July 13, 2011 at 8:56 AM

Which is the ‘party of the rich’ again?

darwin-t on July 13, 2011 at 8:57 AM

And $47 million is almost half of the pace suggested. It’s a pretty good number for an incumbent President, but comes just a little shy of George W. Bush’s 2003Q3 figure of $49.5 million.

Little Bammie is such a lazy ass, we should call him the ‘recumbent’ president.

slickwillie2001 on July 13, 2011 at 8:58 AM

There is, as of yet, no determined Republican nominee, and no real head-to-head poll measurement between said Republican nominee and 0bama. Bear in mind also, Republicans have been known to indicate on polls they will vote for the Democrat if their lad(y) isn’t the nominee.

Democrat donors are pretty darn sure who their nominee is, and that he is, to their point of view, infinitely preferable to any Republican. While Republican donors see just about any Republican nominee as preferable to 0bama, the GOP is the challenger rather than the incumbent. Therefore, the electability of the ultimate nominee is a factor in how much they will commit.

Sekhmet on July 13, 2011 at 8:58 AM

So liberals are back to loving big money in campaigns?

gwelf on July 13, 2011 at 9:00 AM

45% automatic vote for the DOTUS.

http://www.youtube.com/watch?v=19v5Kjmc8FI

I’m guessing these people will be Obama Voters in 2012.

(Heck I have a supposedly Conservative friend that thinks that Obama is being a “Centrist” and has bought the lie that he’s just trying to be the adult in the room).

There is a LOT to defeat…..

….but OBAMA is Landslide Beatable!!!

PappyD61 on July 13, 2011 at 9:01 AM

Lsm continues the 86 million bounce

Giddy

cmsinaz on July 13, 2011 at 9:01 AM

Did he get the proceeds from the sales of all the guns sold to the cartels in the F&F gun walking? What a unique way to do the laundry, even for a pol from Chicago.

Kissmygrits on July 13, 2011 at 9:02 AM

He’ll meet his mark – with foreign money. And no one will say a damn thing. The illegalities in his 2008 fund-raising will look like child’s play compared to 2012, but Obama knows he’ll never be called out for it. Not by the media. Not by the GOP…

Rational Thought on July 13, 2011 at 8:53 AM

I was doing a few very simple searches about the nature of Obama donors from the 2008 election and it was extremely disappointing to see so many announcements of “investigations into” the sources of his fundraising with so little results afterward. We KNOW Obama/the DNC accepted low-amount donations and also “bundles” of low amounts together without so much as any accountability from whom or where they were from.

Lourdes on July 13, 2011 at 9:03 AM

Money won’t buy this election, Obama. Just so you are aware of that fact, ya loser.

Key West Reader on July 13, 2011 at 9:03 AM

Lsm continues the 86 million bounce

Giddy

cmsinaz on July 13, 2011 at 9:01 AM

This is only going to piss everyone off. Here we are eating beans and hot dogs, looking for work, trying to make ends meet and he’s going to get out there and flount raising $86 million on our dime?

/This is going to backfire on him.

Key West Reader on July 13, 2011 at 9:04 AM

I don’t suppose anyone will ask why an incumbent president would need $200 million – or a $billion – to win an election?

labwriter on July 13, 2011 at 9:06 AM

Saw another article on this that said the total for all announced Republican candidates was $32 million, not that far behind Obama at all.

If Rick Perry and/or Sarah Palin get in the race, the total GOP take will be much bigger than Obama’s in the next quarter. Still a lot of conservative money sitting on the sidelines, as well as a lot of big donors who were going to support Mitch Daniels or Haley Barbour. I think Perry may be the one guy who can get all of these donors, plus everyone waiting to write checks for Palin if she endorses him.

I tell you, I was extremely skeptical about Perry, but now I think he will blow the doors off this race as soon as he gets in.

rockmom on July 13, 2011 at 9:06 AM

Adjusted for inflation, Bush raised $61 million during the same period that Obama raised $47 million. $14 million less. That must sting.

andy85719 on July 13, 2011 at 9:07 AM

This is only going to piss everyone off. Here we are eating beans and hot dogs, looking for work, trying to make ends meet and he’s going to get out there and flount raising $86 million on our dime?

/This is going to backfire on him.

Key West Reader on July 13, 2011 at 9:04 AM

Yes especially with the threat of withholding SS and Veteran payments and unemployment skyrocketing.

86 million for him to travel the country spouting lies may stick in a few people’s craw.

gophergirl on July 13, 2011 at 9:08 AM

Hooray!

Good Lt on July 13, 2011 at 9:08 AM

This is only going to piss everyone off. Here we are eating beans and hot dogs, looking for work, trying to make ends meet and he’s going to get out there and flount raising $86 million on our dime?

/This is going to backfire on him.

Key West Reader on July 13, 2011 at 9:04 AM

Not as long as the MFM keep cheerleading for him. Did you know there was a very big protest in Philadelphia two weeks ago when he come in for a big-bucks fundraiser? Only the local media bothered to report it. And this is PHILADELPHIA, where he won 80% of the vote in 2008.

rockmom on July 13, 2011 at 9:08 AM

The stimulus didn’t “jump start” the economy, but it sure is good for fund raising.

forest on July 13, 2011 at 9:08 AM

I hope so KWR

cmsinaz on July 13, 2011 at 9:09 AM

Ad a bunch of the envelopes had Middle Eastern postage on them, I’m sure.

kingsjester on July 13, 2011 at 9:10 AM

I wonder how much Immelt and GE contributed?

kingsjester on July 13, 2011 at 9:11 AM

This guy can’t use being young, hip, and the first blaque president as a booster this time around.

He cannot run on stupid slogans like “hope,” or “change.”

He cannot run on rhetoric, but he must now run on record.

The democratic base will have a debased (hehe pun) enthusiasm.

blatantblue on July 13, 2011 at 9:13 AM

Not as long as the MFM keep cheerleading for him. Did you know there was a very big protest in Philadelphia two weeks ago when he come in for a big-bucks fundraiser? Only the local media bothered to report it. And this is PHILADELPHIA, where he won 80% of the vote in 2008.

rockmom on July 13, 2011 at 9:08 AM

…if little Bammie needs it, the Philadelphia machine can ramp that up to 120% if required to take PA.

slickwillie2001 on July 13, 2011 at 9:14 AM

Just like the monthly jobs numbers, these numbers will be revised downward to $20 million

faraway on July 13, 2011 at 9:15 AM

Not as long as the MFM keep cheerleading for him. Did you know there was a very big protest in Philadelphia two weeks ago when he come in for a big-bucks fundraiser? Only the local media bothered to report it. And this is PHILADELPHIA, where he won 80% of the vote in 2008.

rockmom on July 13, 2011 at 9:08 AM

That was my point. Let them boast on the evening news. It’s only going to truly piss people off (except the 21% who strongly approve of him). Not a good move, if you ask me.

Key West Reader on July 13, 2011 at 9:17 AM

Whelp, it’s off to work… so that I can pay for Peggy’s gas and mortgage!

/

Key West Reader on July 13, 2011 at 9:18 AM

Boy, that “Have dinner with Dumb and Dumber” gag must have really paid off!

search4truth on July 13, 2011 at 9:20 AM

Just wait until the gift cards start rolling in…

Fallon on July 13, 2011 at 9:22 AM

Even his donors are running out of money. Dude.

Mojave Mark on July 13, 2011 at 9:23 AM

“Lobster tails don’t buy themselves, you know!”

-Moochy

Bishop on July 13, 2011 at 9:23 AM

Bishop on July 13, 2011 at 9:23 AM

mmm i could go for lobster tail

blatantblue on July 13, 2011 at 9:26 AM

With that kind of money, he will control the message. It will take a dynamic conservative LEADER to have a chance against this illiterate machine.

jbh45 on July 13, 2011 at 9:32 AM

I hope this man puts on the most flamboyant campaign ever. Change those styrofoam columns to marble. No more Happy Meals, serve filets.

His out-of-touch demeanor will only be emphasized by his grandeur.

Shame to waste all that money but in this case it may be necessary to forever cement him as a one-termer.

sherry on July 13, 2011 at 9:32 AM

Hey, remember when the media would wring its collective hands about the money in politics and all when it was the Republican who had such a fundraising advantage? Good times.

changer1701 on July 13, 2011 at 9:34 AM

45% automatic vote for the DOTUS.

http://www.youtube.com/watch?v=19v5Kjmc8FI

I’m guessing these people will be Obama Voters in 2012.

(Heck I have a supposedly Conservative friend that thinks that Obama is being a “Centrist” and has bought the lie that he’s just trying to be the adult in the room).

There is a LOT to defeat…..

….but OBAMA is Landslide Beatable!!!

PappyD61 on July 13, 2011 at 9:01 AM

Pappy, it’s only 45 percent if they all bother to show up at the polls. Even that California race with that gangbanger ‘ho had a whole lot of Cousin Pookies staying on the couch.

Karl Rove basically said that if one in 100 African-American voters in 2008 does not make it to the polls, it will more than double the margin by which 0bama won NC in 2008. CA-36 says this is a very likely occurrence.

Sekhmet on July 13, 2011 at 9:35 AM

Why compare Obama Q2 2011 to Bush Q3 2003? Bush raised $35M in Q2 2003.

jonknee on July 13, 2011 at 9:39 AM

But does he really NEED all that money? He should give all but $250K to the US Treasury so it can be spread around.

CJ on July 13, 2011 at 9:43 AM

This is what happens when you starve businesses, and smear the wealthy. EAT the rich message, isn’t resonating with all the rich. Huh, I don’t get it, they don’t want to donate to our national dinner where we serve them up to pay our bills…this is the progressives plan. Until of course we run out of other people’s money, and in the out years, say starting in 2013 everyone else’s taxes will have to go up….It’s patriotic to pay taxes EAT YOUR PEAS. The smartest guys in the room can’t figure out why campaign donations are down “Please contribute to your own downfall, we need to finish the job we started, destroying the free market system” . LOL! I take this sign of collecting half of what they expected, to be a sign that the entire American populace isn’t brain dead. God Bless America, we could really use some divine intervention.

Dr Evil on July 13, 2011 at 9:43 AM

$35,800 max contribution per donor. Who is the party of the rich again?

Vashta.Nerada on July 13, 2011 at 9:46 AM

I think these figures are pure bogus hokum!

There is no way you can convince me that this assclown, doing the absolute BS job he is doing with just the economy alone right now, can have this much money thrown at him!

Something stinks here and it should be investigated.

pilamaye on July 13, 2011 at 9:51 AM

Peh. That’s his billionaire supporters. He’ll hit his limit with the idle rich and run short.

Jaibones on July 13, 2011 at 9:55 AM

Oh hogwash, poppycock, etc.Talk about apples vs. oranges.

Obama is the liberals’ guy (no accounting for some people’s
taste; also shows how socialism/marxism/communism has
achieved more than a toehold in the past decade or two).
There is only one place for the money to go.

The republican field hasn’t even been set yet. We don’t
have our guy/gal yet. Once we do, the floodgates to our
piggybanks will open.

Amjean on July 13, 2011 at 10:01 AM

Peh. That’s his billionaire supporters. He’ll hit his limit with the idle rich and run short.

Jaibones on July 13, 2011 at 9:55 AM

… 98 percent of the donations were for $250 or less, and that the average was $69. Not very generous billionaires (and an awful lot of them, I didn’t know there were 552,462 billionaires out there).

jonknee on July 13, 2011 at 10:02 AM

Obama’s going to need way more than money. He’ll need massive, unprecedented voter fraud to have any chance of winning.

Ricohoc on July 13, 2011 at 10:30 AM

Obama’s going to need way more than money. He’ll need massive, unprecedented voter fraud to have any chance of winning.

Ricohoc on July 13, 2011 at 10:30 AM

That’s business as usual for democratics since the Kennedy Crime Family stole the election of 1960.

slickwillie2001 on July 13, 2011 at 10:34 AM

“millionaires and billionaires” have their purpose at times

Mr_Magoo on July 13, 2011 at 11:03 AM

All those kickbacks and handouts he gave to his buds with our taxpayer dollars are flowing back into his campaign.

I’m sure they’ve also turned off any checking requirements for credit card donations, like they did last time.

BruthaMan on July 13, 2011 at 11:30 AM

President Obama‘s campaign will report raising a staggering $47 million in the past three months

I thought Carney said that the president was focused on jobs right now, not the presidential campaign.

GarandFan on July 13, 2011 at 11:42 AM

Obama could raise a trillion, but would still get beat.

wheelgun on July 13, 2011 at 11:43 AM

GOP totals are actually closer to $50 million. If you total the combined candidates plus the RNC’s donations.

poorrichardsnews on July 13, 2011 at 12:57 PM

http://twitter.com/#!/PounderFile/statuses/91156227307995137

@PounderFile Joe Pounder
RT @RNCResearch The Most Successful Fundraising-Not-Focused-On-The-Economy President Ever. bit.ly/p576oj
Obama created more donors in the last quarter than jobs. 552k donors/260k jobs

Notorious GOP on July 13, 2011 at 2:04 PM

Obama takes in $47 million in first fundraising quarter

Windfall Profit Tax!!!!11!!1!!1!

Luxury Tax!!1!!!!1!!!

Left Coast Right Mind on July 13, 2011 at 3:15 PM

And $47 million is almost half of the pace suggested. It’s a pretty good number for an incumbent President, but comes just a little shy of George W. Bush’s 2003Q3 figure of $49.5 million. But if Obama ends up maintaining this pace through the next three quarters, he will have raised just under $200 million in time for the general election — not a piddling amount by any means, but not the kind of fundraising that most people believed we would see from Obama, either. At that point, Obama would have to raise $200 million a quarter to surpass his fundraising total of 2008, and closer to $270 million per quarter to hit the $1 billion mark.

Where do you think all that unaccounted money from porkulus and stimulus are?!

capejasmine on July 13, 2011 at 4:01 PM

Obama will need his Billion dollars to take on the Sarahcuda Mama Grizzly woman. Normal political campaigns require hiring lots of merceneries, hessians of a sort, to do all the grunt work, to meet and greet and recruit supporters and voters. It all costs a LOT of money. Any normal candidate needs to raise as much as possible so they can hire as many hessians as possible to advance their cause. Just look at Herman Cain’s campaign. His hired guns (2) recently pulled out of NH because he couldn’t/wouldn’t pay them. Same rules apply to all the other candidates except one.

Nobody realizes it but when Sarah says she will wage an unconvential campaign she means it. Instead of hiring mercenaries to do her work for her, to recruit and spread her message, what if hundreds, thousands of dedicated supporters in each state were out there talking to people one on one, word of mouth instead of paid advertising, under the radar, lining up votes, one at a time. Not taking money from the candidate or their campaign fund but spending their own money on their efforts.

It’s not a what if, it’s a reality and it’s called Organize4Palin.com and it’s growing larger and stronger every day in every state. You can’t buy this kind of effort you can only earn it. And she has.

shmendrick on July 13, 2011 at 10:53 PM