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Obama campaign raises $86 million in first three months

by Adam Russett on July 13, 2011

On the way to winning the 2008 election, President Obama spent more than $500 million, and although the 2012 election is still more than a year away, it looks like he's well on his way to matching, or even beating, that total. According to the Associated Press, his campaign and the Democratic National Committee have already raised $86 million over the last three months.

The campaign recently unveiled its fundraising prowess in a video that detailed how much it raised, and where it got it from. Much like the 2008 campaign, the 2012 re-election campaign is already relying heavily on small-dollar donations, and received contributions from more than 550,000 individuals. The figure of $86 million far surpasses the campaign's three month goal of $60 million.

Perhaps most impressive is the grassroots effort that the Obama campaign has made this far. Though it was successful in 2008, campaign officials say this cycle may be even more so.

"If you look at the comparitive point four years ago, you'll see that this movement is even stronger," Obama's campaign manager Jim Messina said in a video announcing the fundraising totals. "Ninety-eight percent of all donations that came in were $250 or less, and our average donation is about $69."

The numbers also far outpace any Republican that has thrown his or her hat into the presidential race, as they have only collectively raised about $35 million, with former Massachusetts Governor Mitt Romney leading the field with $18 million raised over the last three months. Though, as the AP notes, Michele Bachmann has yet to release her totals.

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