Obama Campaign Seeks to Raise $60 Million in 4th Quarter
Obama’s campaign has set a goal of raising $60 million in the fourth quarter of the year to benefit the Democratic incumbent’s re-election and the Democratic National Committee. The Obama Campaign, along with the DNC, had raised roughly $155 million through the end of September.
If all goes according to plan, by the end of the fourth quarter, the campaign will surpass $200 million in fundraising for 2011. From here to the end of the year, Obama isn’t expected to attend anymore fundraisers, as he already has headlined about 15 campaign fundraising events in the fourth quarter.
“Enthusiasm for the White House’s policies has been steadily increasing and it will keep increasing,” said Steven Cohen, a major contributor and campaign fundraiser based in Chicago.
Cohen has emphasixed Obama’s push for the extension of the payroll tax cut, while House of Representatives Republicans stonewalled, describing this as a policy that has helped middle-class voters contrast the president with his Republican challengers.
“Among the people who I have talked to they are seeing a real demonstration of the president’s commitment to stand his ground,” Cohen said.
The campaign seeks to raise more than $750 million to boost Obama’s bid for a second term in the White House. On December 20 the campaign launched a joint fundraising committee to benefit the Democratic Party in 11 all-important “swing states,” such as Florida, Colorado, Michigan, Pennsylvania, where voting is expected to be close next year, and costs are expected to be high.
During the third quarter the campaign brought in $70 million, topping its $55 million goal. But fundraisers said they were stifled by the protracted congressional debt talks this summer, which led Obama to cancel top-dollar fundraisers around the country.
In April the campaign officially started, and raised $86 million in the second quarter. Obama’s 2012 re-election attempt will be the costliest ever, with Obama expected to raise more than his record $750 million from 2008. And newly relaxed U.S. fundraising laws will add hundreds of millions of dollars from “super political action committees,” officially deemed separate from campaigns, even when devoted to electing particular candidates.
Tags: Democratic Nationa Committee, House of Representatives, Obama Campaign, President Barack Obama, raised $60 million, Steven Cohen
This entry was posted on Thursday, December 29th, 2011 at 6:07 pm and is filed under Elections and Campaigns, Finance and Business, General, In the News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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