Obama, DNC raise $53 million in March

posted at 8:41 am on April 16, 2012 by Ed Morrissey

The Barack Obama campaign has announced through a new video that their joint fundraising in March collected over $53 million.  That improves on a $45 million February, and gives Team Obama a talking point for today.  Or does it?

The Obama campaign and other Democratic organizations raised a combined $53 million in March, according to a campaign video released on Monday.

That $53 million total comes from Obama for America, the Obama Victory Fund and the Democratic National Committee, among other groups. With the average contribution totaling about $57.78, roughly 97 percent of contributions were $250 or less.

As happens every month, Team Obama announces the overall number first, and only later explains how the money got split.  Usually the DNC gets between 20-25% of the haul, which in this case would put the actual cash going into the Obama campaign at $42.5 million or so, but we’ll see.  The joint effort did add 190,000 first-time donors, and had 567,000 donors overall.

These aren’t bad numbers, but they aren’t good news for Obama, either.  In March 2008, the Obama campaign raised on its own over $56.7 million.  Nor were they the only Democrats in the field raising cash.  Hillary Clinton raised $35.8 million in the same month, for a combined Democratic haul four years ago of $92.5 million.  Obama should have access to all of the same donors by himself this time around, as he has not faced a primary challenge.  Instead, Obama remains significantly off of his own 2008 pace of fundraising, and way under the Democratic donation performance of that cycle.

The only good point about this is that his burn rate should be significantly lower, which means he is stockpiling a lot more cash this time around, although perhaps not as much more as one would imagine.  The Washington Post reports that his cash-on-hand in mid-March was $85 million; his cash-on-hand at the end of March 2008 was $38.8 million.  On the fundraising figures, though, he’s not going to get to 2008′s $760 million at this rate, or even anywhere close.


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Errrrm…fail?

Ladysmith CulchaVulcha on April 16, 2012 at 8:45 AM

As Mitt’s numbers climb, and Obama’s fall, it will get worse for Obama.

All the big lobbying money will began to flow to Mitt, both are known to more than be willing to “help a friend”.

right2bright on April 16, 2012 at 8:46 AM

It’s just interesting that a party that forever whines about “too much money in the election process” and the supposed evils of Citizens United would consider massive amounts of fund raising a “talking point.” Especially when most of it comes from that “One Percent” they supposedly “fight” so much.

Here’s the only Talking Point worth talking about: Obama is going down. Hard. 80 percent of the likely “undecided” vote will break Romney’s way, like it always does against a sitting President. And guess what? The political hard reality of massive unemployment, incredibly outrageous gas prices, and years of national malaise will bring Obama down to Earth. He doesn’t defy gravity, after all.

CoolCzech on April 16, 2012 at 8:47 AM

How do the numbers look it Swing states?

I saw on my newsfeed that Romney raised more in Mich than Obama

corujodp on April 16, 2012 at 8:48 AM

I saw on my newsfeed that Romney raised more in Mich than Obama

corujodp on April 16, 2012 at 8:48 AM

Well it is his “home state”.

Doughboy on April 16, 2012 at 8:50 AM

Cash on Hand…vs…Hidden Cash!
When does the “Over-Sea’s” money start coming in?
(Middle East, South America, Asia?)

KOOLAID2 on April 16, 2012 at 8:51 AM

[i]I saw on my newsfeed that Romney raised more in Mich than Obama

corujodp on April 16, 2012 at 8:48 AM
Well it is his “home state”.

Doughboy on April 16, 2012 at 8:50 AM

[/i]

Does anyone really cast their ballot – or write out their check – on the basis of what a candidate’s supposed “home state” is? Especially after he was governor of a different state?

CoolCzech on April 16, 2012 at 8:54 AM

This is why the democrats created those slush funds.

SouthernGent on April 16, 2012 at 8:56 AM

I’m a HUUUUUUUUUUGE Obama fan.

He should have raised more money though. Since he’s running against Thurston Howell III (Paul Begala said so) he’s going to need every advantage he can get against those evil republicans.

I’m hoping he wins a 2nd term and we can even get that Constitution thing worked out so he can run again for a 3rd term, or maybe even Michelle.

Wait, I hear a noise, someone is coming. It’s some people in a black van, oh they’re getting out, and coming to the—no they are coming THROUGH the door…..no, no, I’m a big supporter of the DOTUS I mean President, he’s awessss………….

PappyD61 on April 16, 2012 at 8:58 AM

Does anyone really cast their ballot – or write out their check – on the basis of what a candidate’s supposed “home state” is? Especially after he was governor of a different state?

CoolCzech on April 16, 2012 at 8:54 AM

I was just kidding. But the Romney name could have enough prestige in Michigan that it provides a boost in fundraising for his campaign. I’ve never lived there though, so I honestly don’t know if that makes any difference.

Doughboy on April 16, 2012 at 9:02 AM

At least Obama can make it up by campaigning on his record.

Electrongod on April 16, 2012 at 9:08 AM

His organization is probably 2 as expensive as well. He’ll easily reach 600 million, and have his hard core donors, but this is not going to be a billion dollar campaign.

rubberneck on April 16, 2012 at 9:09 AM

Money is nice, but it will not get through the wall so many people have constructed against the words of Barack Obama. When Barry speaks, I change the station.

The Obama promise is already demonstrated false.

exdeadhead on April 16, 2012 at 9:10 AM

But the Romney name could have enough prestige in Michigan that it provides a boost in fundraising for his campaign. I’ve never lived there though, so I honestly don’t know if that makes any difference.

Doughboy on April 16, 2012 at 9:02 AM

I have lived there. The Romney name does not have the cachet that the MSM was trying to push when they wanted to see Santorum win. In Michigan it is all about union money so the state is reliably blue even though it will not be a runaway election for Obama.

Happy Nomad on April 16, 2012 at 9:10 AM

The Obama promise is already demonstrated false.

exdeadhead on April 16, 2012 at 9:10 AM

Time to drag out the fake Greek columns again!

Which reminds me, Obama had that bogus “Office of the President Elect” organization going on complete with the clone of the White House briefing room with an unofficial seal. I’m wondering if he’ll call his post-presidency office “The office of the former President.”

Happy Nomad on April 16, 2012 at 9:13 AM

I’m proud to say not one red cent from me.

docflash on April 16, 2012 at 9:14 AM

How much did it cost us for PBHO to raise even that? The jerk schedules a single “policy” speech and 5 fundraisers so he can claim it was all job related for visiting a state on AF1.

Bishop on April 16, 2012 at 9:14 AM

PappyD61 on April 16, 2012 at 8:58 AM

Shocked that so many folks have been dissing you lately. I remember (long before newbs like me could post) that you were an unassailable Sarah Palin booster, which means maybe now you’re just fooling. I love prankster performance art as much as anybody (probably more!). Just curious. Where do you really think the 2012 general election is, going forward?

:)

Ladysmith CulchaVulcha on April 16, 2012 at 9:19 AM

I lived in MI for a long time. There is no “hometown” feeling for Romney.
If Romney outraised Obama, Obama is in BIG trouble.

ORconservative on April 16, 2012 at 9:24 AM

Obama should have access to all of the same donors by himself this time around, as he has not faced a primary challenge.

He had 4 primary challengers in Oklahoma alone. One got enough votes to get delegates, which the DNC promptly confiscated. Is this happening in other states? There maybe no nationally known challengers, but is that because they don’t have a chance or is it not being reported because they truly are a threat? We all knew McCain was challenging Bush.

txhsmom on April 16, 2012 at 9:43 AM

Why shouldn’t he put the cash in the shoebox under the bed. He’s campaigning 24/7 and the taxpayers are picking up the tab.

Finbar on April 16, 2012 at 9:48 AM

I lived in MI for a long time. There is no “hometown” feeling for Romney.
If Romney outraised Obama, Obama is in BIG trouble.

ORconservative on April 16, 2012 at 9:24 AM

I’ve lived here for close to 40 years, and I agree. Few here actually remember the Romney years and Mitt, though he grew up in Michigan, is much better known for his accomplishments outside Michigan. That whole ‘home court advantage’ thing is way overrated here.

Dee2008 on April 16, 2012 at 9:48 AM

The crony capitalists such as Buffet and Immelt will step up as needed.

However, don’t expect a lot from the “base” that votes the treasury. Those entitlements only go so far.

acyl72 on April 16, 2012 at 9:48 AM

who are the saps sending 50 bucks to this yahoo? I wanna laugh in their stupid dumb faces.

DHChron on April 16, 2012 at 9:49 AM

I’m proud to say not one red cent from me.

docflash on April 16, 2012 at 9:14 AM

Really? Our taxes are funding his campaign travel, not the DNC. You don’t think some tax payer Solyndra-type funds are making their way into his pocket? Stimulus cash too.

txhsmom on April 16, 2012 at 9:56 AM

MF Global called Obama to say, “Don’t sweat it, we got you covered.”

Spliff Menendez on April 16, 2012 at 10:00 AM

It will be interesting to see how much Romney raised. I suspect it isn’t anything close to the $85 million that Obama has on hand but Romney has only had a week as the nominee.

On the other hand, conservative superpacs have a lot more cash on hand than liberal ones, for instance American Crossroads has $~24 million on hand while Priorities USA has ~3.

MFn G I M P on April 16, 2012 at 10:06 AM

On the fundraising figures, though, he’s not going to get to 2008′s $760 million at this rate, or even anywhere close.

It’s Ofritterer’s own fault, isn’t it? Between his policies and squandering of taxpayer money, he put his donors out of work, out of business or just plain flat broke.

stukinIL4now on April 16, 2012 at 10:21 AM

It’s going to cost more than this to buy Obama another four years of absolute incompetence

rplat on April 16, 2012 at 10:53 AM

This haul is pretty poor for him. Well short of the money that was raised by him and Clinton. Including slight increases, he should raise ~375 million. Add that to the roughly 100 million he now has, and the 50 million or so he has spent, and you are looking at a ~525 million dollar campaign.

Well below the 1 billion campaign we were promised. And with his super-pac’s doing poorly, he will only be able to run a ~600-650 million negative campaign.

milcus on April 16, 2012 at 11:17 AM

“The joint effort did add 190,000 first-time donors…”

How many of them were fraudulent gift cards from fictitious people and Palestinians living in Gaza?

OxyCon on April 16, 2012 at 11:20 AM

It’s a long way to a Billion Bux. Here in Michigan Romney raised $2M to Obama’s $1.6M last month. That’s all union money for Obama.

Rosemary Kelly on April 16, 2012 at 1:55 PM

Money is nice, but it will not get through the wall so many people have constructed against the words of Barack Obama. When Barry speaks, I change the station.

The Obama promise is already demonstrated false.

exdeadhead on April 16, 2012 at 9:10 AM

same here …. change the station or put in a movie … or go online ….

conservative tarheel on April 16, 2012 at 2:51 PM

How many of them were fraudulent gift cards from fictitious people and Palestinians living in Gaza?

OxyCon on April 16, 2012 at 11:20 AM

MORE IMPORTANT QUESTION:

How many of them are simply laundered refunds of government handouts/bailouts??

landlines on April 16, 2012 at 3:22 PM