Obama Tops Romney in Fundraising for the First Time in Three Months

0 Posted by - September 10, 2012 - Economics, Elections, Politics

Obama DNC Nom 300x168 Obama Tops Romney in Fundraising for the First Time in Three MonthsThe reelection campaign of Barack Obama is back in the lead on the fundraising front after raising $114 million in August. The total, which is a combination of funds raised by the campaign, the Democratic National Committee (DNC) and Obama’s victory committee, exceeds the $111.6 million the Romney campaign said that they raised in combination with the Republican National Committee (RNC) and Romney Victory for the same time period. This marks the first time since the Romney campaign and the RNC started raising money together that the Obama team has beaten them in monthly fundraising.

“The key to fighting back against the special interests writing limitless checks to support Mitt Romney is growing our donor base, and we did substantially in the month of August,” Obama campaign manager Jim Messina said in a statement. “Fueled by contributions from more than 1.1 million Americans donating an average of $58 — more than 317,000 who had never contributed to the campaign before — we raised a total of more than $114 million. That is a critical downpayment on the organization we are building across the country — the largest grassroots campaign in history.”

The fundraising jump could help to put to rest a discussion that has occurred throughout the campaign about how the president is falling short in his fundraising, with the Romney camp’s recent heavy fundraising seen as the latest evidence. The stated concern is that Obama is not meeting the fundraising record set in his first run for office in 2008 — or the $1 billion campaign that officials in, or close to, his campaign allegedly once predicted.

CONTINUED at the Huffington Post. Video at link.

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