[Marxism] Payment for services rendered
lnp3 at panix.com
Wed Jul 13 08:05:47 MDT 2011
Obama campaign's staggering haul: $86 million raised for re-election
By Tom Hamburger
4:50 AM PDT, July 13, 2011
President Obama's vast campaign operation raked in $86 million for
his re-election and for the Democratic party during the last three
months, breaking previous records with a total far greater than
that posted by his Republican opponents for the 2012 election.
Initially, the Obama campaign had set a goal of raising $60
million. Republican candidates combined are expected to raise less
than $35 million this quarter.
The Obama amount points to the advantages of incumbency in
fundraising, and to the staggering cost of the coming election,
which this year will feature a new, powerful role for independent
groups that can raise unlimited sums. This year, those groups
could out-raise and outspend the parties and the candidates.
The dollar total for Obama this quarter, announced by his campaign
manager in a video message to supporters this morning, reflects
$47 million raised for the Obama for America presidential campaign
and an additional $38 million raised jointly with the Democratic
In the video sent by e-mail in the wee hours of Wednesday morning,
Obama campaign manager Jim Messina emphasized the record breaking
number of donors contributing: about 550,000. [I'd like someone do
a statistical analysis of where the bulk of the money is coming
from. I strongly suspect Wall Street.]
"This is a historic number of small dollar, everyday people," he
said, noting that the campaign does not accept funds from
lobbyists or political action committees.
The number does shatter previous records, and meets Obama's goal
of launching another campaign that involves a large numbers of
individuals in all 50 states. Still, the total dollars raised were
boosted this quarter thanks to a ramped up effort to court large
dollar donors to joint events with the Democratic National Committee.
For example, The Los Angeles Times reported recently on a several
programs to lure large checks from individual donors. One program,
called "Presidential Partners," seeks a two year commitment in
exchange for regular briefings and updates from the campaign. The
price of admission: $75,800.
Obama's closest competitor in the GOP field, Former Massachusetts
Gov. Mitt Romney, says he will report $18 million collected during
the past three months. In addition, an independent group
supporting Romney says it has raised more than $12 million this year.
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