Obama Unlikely to Break $1B Fundraising Mark

Friday, 13 Jan 2012 10:03 AM

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President Barack Obama is unlikely to be the first presidential candidate to breach the billion dollar mark in fundraising. While the Obama team has long discouraged such talk, speculation continued, The Washington Post’s political blog The Fix reported.

obama fundraising markHowever, a look at recent Obama fundraising shows that the campaign raised $130 million in nine months in 2011, about $30 million ahead of where he was in 2007. In 2008, Obama pulled in $665 million for a total of $770 million, averaging about $66 million a month. His average now is about $46 million a month, according to the Post.

If the Obama campaign steps up its game and replicates the 2008 pace, it only gets him to about $800 million. “There is no way President Obama will meet the billion dollar goal on his current pace,” Jack Oliver, George W. Bush’s national finance director in 2000, told the Post.

Regardless, Obama’s fundraising is impressive. The $130 million raised in 2011 is comparable to President Bush’s haul in 2003 and far exceeds the $56 million GOP frontrunner Mitt Romney raised last year, the Post reported.

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