This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Obama Raises $68M in 4Q, $222M in 2011

Updated from 9:52 a.m. ET with links to FEC documents to 2003 RNC receipts

NEW YORK ( TheStreet) -- President Barack Obama's re-election campaign and the Democratic National Committee raised some $68 million in the fourth quarter of 2011 as the incumbent raised his total 2011 war chest to $222 million, campaign manager Jim Messina announced Thursday.

Obama's campaign received donations from 1.3 million donors in 2011, 98% of which were contributions of $250 or less, but the fourth-quarter total trailed the $70.4 million to $77.4 million former President George W. Bush and the Republican National Committee ( October , November and December ) raised during the same period in 2003 ahead of his reelection bid.
Obama campaign manager Jim Messina

"Too many Obama supporters think we don't need their money, or they don't need to give now, in fact in the past week I've gotten emails that say, 'Oh, you don't need our money now,' or, 'You're going to raise $1 billion,'" Messina said in a YouTube video. "The $1 billion number is completely untrue."

Obama's quarter was far ahead of the $24 million Mitt Romney raised , and his 2011 total was almost four times more than the $56 million the former Massachusetts governor raised.

Obama's campaign didn't release how much cash it has on hand, but at the end of the 2003 fourth-quarter reporting period, Bush had $99.1 million. Romney currently has $19 million in cash on hand, but his campaign was quick to note that it has not raised general election funds.

-- Written by Joe Deaux in New York.

>Contact by Email.

>Follow Joe Deaux on Twitter. Subscribe on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%
YHOO $36.67 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs