NEW YORK (

TheStreet

) -- Barack Obama campaign manager Jim Messina called speculation of the president's $1 billion 2012 campaign "bull----" in an attempt to distance itself from political action committee money that some GOP candidates have accepted.

Messina's comments came in a video posted to YouTube by the campaign that outlined multiple strategies the president would take to reach the 270 electoral votes necessary to win the general election.

Obama Campaign Manager Jim Messina

"At the end it's just a financial decision. ... It's all about whether or not we have the resources to do this," Messina said in the video. "People have speculated this is a $1 billion campaign; that's bull----."

Obama has raised $86.2 million to date for his 2012 presidential campaign, according to OpenSecrets.org. Some 48% of that money has come from small individual donations, or individuals who donate $200 or less.

The Obama campaign has made the need for small donations its driving fundraising message as it hopes to repeat the grassroots support that so thoroughly dominated the 2008 election.

A common pitch of Obama 2012 has been to "donate $3 or whatever you can" to help the president's reelection bid.

Among active 2012 presidential candidates, Obama's percentage of funding from small donors trails only former Louisiana Gov. Buddy Roemer (82%) and Michele Bachmann (52%).

-- Written by Joe Deaux in New York.

>Contact by

Email

.

>Follow Joe Deaux on

Twitter

. Subscribe on

Facebook

.