Obama Breaks Fundraising Precedent

Friday, 19 Aug 2011 12:09 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama has already headlined 127 fundraising events for himself and fellow politicians during his first term, far outpacing the fundraising activity of the previous five presidents, reports USA Today.

President George W. Bush hosted only 88 fundraisers at this point in his presidency, with Bill Clinton trailing him at 76 fundraisers, according to data compiled by Brendan Doherty, a professor at the U.S. Naval Academy and affiliate of the non-partisan White House Transition project.

President Obama’s departure from this fundraising precedent reflects the virtual abandonment of the presidential public-financing system. That system limits what candidates can raise from private sources in exchange for receiving taxpayer dollars. But, private fundraising is proving more beneficial to Obama.

“We have entered the era of the permanent campaign,” said Anthony Corrado, a campaign finance expert at Colby College.

In 2008, Obama collected a record $745 million for his presidential campaign. He was the first major party nominee to reject public-financing since the program began in 1976.

During 2011, Obama has already raised more in the first three months of his re-election campaign — an astounding $46.3 million — than the entire GOP field combined.

“When the president spends so much time fundraising, he’s necessarily not doing other things that are important,” Doherty said.

Obama’s two major fundraising targets have been Washington, D.C., and donor rich California. He has attended 19 events in Washington and another 18 in the Golden State since coming to office.

“It certainly reinforces the idea that he’s more concerned about his own job than American jobs,” said California GOP Chairman Tom Del Beccaro. “He’s going to need a lot of money to paper over his bad record.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Purdue Professor: Ebola 'Unlikely to Spread Here' in US

Friday, 19 Sep 2014 20:25 PM

The Ebola virus is unlikely to cause a deadly epidemic in the United States, according to David Sanders, an associate pr . . .

Polly Bergen, 'Cape Fear' Actress, Dies at 84

Saturday, 20 Sep 2014 20:04 PM

Actress and singer Polly Bergen, who's best known for her role in the original Cape Fear opposite Gregory Peck, died a . . .

Feds Mum on Prosecution of Illegal Border Crossers

Saturday, 20 Sep 2014 17:33 PM

The federal government refuses to say whether prosecutors in Yuma, Arizona, have scaled back a years-old program that gu . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved