Obama, DNC raise $70 million in Q3

posted at 9:25 am on October 13, 2011 by Ed Morrissey

Fundraising for Barack Obama and the Democrats tailed off by almost 20% in the third quarter, according to news reports on the combined haul for the DNC and Obama 2012 campaigns.  They raised a total of $70 million combined, about 19% less than Q2′s $86 million.  Reuters gives it a sunny spin:

President Barack Obama and theDemocratic National Committee raised more than $70 million from July to September for his re-election bid, the campaign said on Thursday, topping a $55 million target.

The campaign contribution report shows that Obama’s money train did not stall in the third quarter, despite protracted summer debt talks and complaints from his base that he lacks the fervor to push a Democratic agenda.

Obama raised a record $745 million in cash during the 2008 campaign, and his advisers want to raise even more for 2012.

A dropoff of 19% doesn’t mean a “stall,” but it’s hardly an indication of continuing momentum, either.  The topline number is still impressive, but the significant reduction could mean that Obama and the DNC are having trouble finding new donors or have tapped out the old donors to a larger extent than first thought.

Reuters compares Obama’s 2008 haul to this topline result, but that’s comparing apples and oranges.  The $745 million figure was for Obama alone in 2008, not combined with the DNC.  How is Obama doing for himself this time around?  According to ABC, he’s still trailing George W. Bush’s efforts in 2004, just as he did in Q2:

Obama for America brought in $42.8 million, while the DNC banked $23.7 million, a campaign official told ABC News.  The figures include transfers from the Obama Victory Fund, a joint account that funnels money to both groups.

All 17 fundraisers Obama attended during the quarter supported the fund, with the first $5,000 of an individual’s contribution going to the Obama Campaign and the rest, up to $30,800, going to the DNC. …

While Obama did not best George W. Bush’s record $50.1 million raised in the same period in 2003, he demonstrated that he retains a solid and growing base of grassroots financial support.

Obama raised $47 million for his campaign in Q2, so he dropped a little off the pace in Q3.  That averages out to $44.9 million, but let’s call it $45 million just to simplify the math.  Obama has three more quarters of fundraising in the primary season, which would mean that Obama is on pace to raise $225 million before next summer. That’s not bad, but it’s a long way from raising a billion dollars, or even $745 million.

Again, $70 million is a pretty decent fundraising quarter, but it’s not that great, considering the goals in place for the long campaign.  Maybe Obama plans on giving his campaign some energy subsidies down the road.

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

The Gaza Strip donations haven’t arrived yet, give it time.

Bishop on October 13, 2011 at 9:28 AM

If the DNC is so good at raising money why are they trying to raise taxes all the time?

Browncoatone on October 13, 2011 at 9:30 AM

America is 20% more racist? That’s sad. What other explanation could their be?

RBMN on October 13, 2011 at 9:31 AM

It’s Son of Porkulus, I tell you! Without that, Obama’s campaign will have to cut jobs! Unemployment!

either orr on October 13, 2011 at 9:32 AM

He’ll just use the US checkbook and make it out to cash

cmsinaz on October 13, 2011 at 9:33 AM

Who care about Q3? Obama is a 4th quarter player.

Doughboy on October 13, 2011 at 9:34 AM

If the DNC is so good at raising money why are they trying to raise taxes all the time?

Browncoatone on October 13, 2011 at 9:30 AM

Because they only spend the money they raise on getting themselves re-elected. No “shared sacrifice” or “fairness” here.

Wethal on October 13, 2011 at 9:35 AM

They expected the jobs bill to have passed by now (after that stirring “pass this bill! speech who can blame them?).

How are the Dems expected to raise money unless they can get the federal tax dollars laundered through the unions first? You wingnuts don’t know anything.

mankai on October 13, 2011 at 9:36 AM

+1 Doughboy

cmsinaz on October 13, 2011 at 9:37 AM

I do not know if the paparazzi does it on purpose or is Rep. Wasserman-Shultz really as goofy as she looks.

If I did not know her from Adam and met her for the first time, I would think how thankful I will be when the meeting is over.

She reminds me of a pesky munchkin.

MSGTAS on October 13, 2011 at 9:38 AM

That pic still reminds me of Weinergate…

Fallon on October 13, 2011 at 9:39 AM

Really? ‘Cause the Big Mooch said it was this big.

pain train on October 13, 2011 at 9:39 AM

Why do the liberals never talk about taxing political donations? Just curious.

jeffn21 on October 13, 2011 at 9:39 AM

Unexpectedly?

DrAllecon on October 13, 2011 at 9:43 AM

Why do the liberals never talk about taxing political donations? Just curious.

jeffn21 on October 13, 2011 at 9:39 AM

Just for the record, I am against it simply because media coverage is never calculated as spending and the Liberals will always find a way around any law when it comes to laundering money into their campaigns. I just find it odd that there are 2 things in the media everyday. 1) Obama screaming we need to tax more rich people. 2) The media bragging about how much money Obama has made in donations.

jeffn21 on October 13, 2011 at 9:45 AM

we’ll make it up in volume sales…oh wait!

ted c on October 13, 2011 at 9:50 AM

They expected the jobs bill to have passed by now (after that stirring “pass this bill! speech who can blame them?).

How are the Dems expected to raise money unless they can get the federal tax dollars laundered through the unions first? You wingnuts don’t know anything.

mankai on October 13, 2011 at 9:36 AM

No, they never wanted the Jobs Bill to pass, it is nothing more than a campaign gimmick to shift the unemployment blame to Republicans. Unfortunately it will work because Republicans do not have a plan to counteract this strategy.

neuquenguy on October 13, 2011 at 9:51 AM

To be fair, it’s hard to get donations from your idiot base when they aren’t at work bcs they’re protesting.
Give ‘em a break, poor guys./

Badger40 on October 13, 2011 at 9:51 AM

OT: Ed, you going to have a thread saying Happy Birthday to the United States Navy today?

Bishop on October 13, 2011 at 9:54 AM

Hi Ed;

Actually it tailed off much m,ore when compared to how much Obama raised in 2008.

He tailed off 20% compared to last quarter, but 42% when compared to 2008.

His approval numbers are also of 42% (from 70% to 41%).

reliapundit on October 13, 2011 at 9:56 AM

Suffocate Assoc. Press and Reuters, from what you consume, what you dwell in, in Obama’s azz.

Obama, keep bashing those who fund you and see how it goes.

To those fools, pay for such idiocy, and may he ruin you utterly and completely.

Schadenfreude on October 13, 2011 at 9:57 AM

Who care about Q3? Obama is a 4th quarter player.

Doughboy on October 13, 2011 at 9:34 AM

Heh! :-D

SouthernGent on October 13, 2011 at 9:58 AM

That Solyndra check bounced…

Wyznowski on October 13, 2011 at 9:59 AM

Bishop on October 13, 2011 at 9:54 AM

If there isn’t one we can meet back here this afternoon and hijack this one. Name a time.

Cindy Munford on October 13, 2011 at 10:00 AM

Who care about Q3? Obama is a 4th quarter player.

Doughboy on October 13, 2011 at 9:34 AM

that’s funny.

ted c on October 13, 2011 at 10:02 AM

Can Jimmy John still make credit card campaign donations?

WashJeff on October 13, 2011 at 10:04 AM

Maybe Obama plans on giving his campaign some energy subsidies down the road.

Ed at his best.

chemman on October 13, 2011 at 10:18 AM

Ed, we definitly need a caption contest.

therealfranklin on October 13, 2011 at 10:21 AM

That picture of Debbie Downer always make me think she is saying, “I heard it was this big. Is that correct?”

mwdiver on October 13, 2011 at 10:26 AM

People are still donaeing to Democrat coffers?

Guess the adage “a fool and his money are soon parted” lives.

coldwarrior on October 13, 2011 at 10:33 AM

mwdiver on October 13, 2011 at 10:26 AM

Of course, she’d have to be saying that in the classic Lili Von Shtupp accent…”Tell me, schatze, is it twue what they say about the way you people are… gifted?

coldwarrior on October 13, 2011 at 10:37 AM

I love that picture….. she is really talking about Anthony Weiner!

ultracon on October 13, 2011 at 10:44 AM

Shooting for more than $745 MILLION????

That’s a lot of money for “poor people”, isn’t it????

Are they rreeeaaallly poor, or is it just an act????

KMC1 on October 13, 2011 at 10:49 AM

..when he raised $86 million in the previous quarter, he was off his billion dollar target. At $70 million per quarter he has fallen wa-a-a-a-a-y off the pace..

..do the math.

(C.S.B.W. Plug warning.)

The War Planner on October 13, 2011 at 10:56 AM

Best picture….evah.

johnboy on October 13, 2011 at 10:56 AM

He tailed off 20% compared to last quarter, but 42% when compared to 2008.

His approval numbers are also of 42% (from 70% to 41%).

reliapundit on October 13, 2011 at 9:56 AM

..but he’s back up to 74% like he was in a FNC poll. Back in 2008, the “economy on the wrong/right track” poll hit 74% wrong track and it hit that again today. Saw it on their morning show; do not have a link. But who’s NOT gonna believe Martha MacCallum?

The War Planner on October 13, 2011 at 11:09 AM

If you don’t give to Obama’s re-election efforts or the DNC, there will be more rapes in Flint. –J. Biden

cyclown on October 13, 2011 at 11:17 AM

You’re happy about the DNC getting 23 million, compared to the RNC getting 8 or whatever.

And Obama getting 50 million or whatever, compared to (sigh) Romney getting like 15?

Geesh.

lorien1973 on October 13, 2011 at 11:17 AM

Again, $70 million is a pretty decent fundraising quarter, but it’s not that great

thanks for the laugh, morrissey.

sesquipedalian on October 13, 2011 at 11:25 AM

How much is 70 million times Zero?

dogsoldier on October 13, 2011 at 11:58 AM

Every time I see that picture I think it’s a 5$ foot long commercial. Did DWS work at Subway before being made head of the DNC?

Scrappy on October 13, 2011 at 12:06 PM

One of the reasons they don’t want to approve the jobs act is that the graft money will flow back to Dem coffers.

I think they should pass it anyway.

IlikedAUH2O on October 13, 2011 at 12:27 PM

Are these millionaires’ donations merely protection, so he won’t raise taxes on the rich ?
Oh, wait.

pambi on October 13, 2011 at 12:28 PM

Is it any surprise that Obozo raised so much? That’s all he does. Most everyone else has real jobs that occupy their time.

stacman on October 13, 2011 at 2:04 PM

Of course, she’d have to be saying that in the classic Lili Von Shtupp accent…”Tell me, schatze, is it twue what they say about the way you people are… gifted?“

coldwarrior on October 13, 2011 at 10:37 AM

I hear she loves schnitzengruben.

mwdiver on October 13, 2011 at 4:41 PM