Politics & Policy

Obama Exceeds Fundraising Goal

The Washington Post’s Rachel Weiner reports:

President Obama’s reelection campaign and the Democratic National Committee together raised a whopping $86 million in the second quarter of 2011, campaign manager Jim Messina announced in an early morning online video sent to supporters.

Obama’s re-election campaign collected $47 million, while the president raised another $38 million for the DNC via a joint fundraising committee that allows donors to write a single check that is then divvied up between the two entitites.

The haul far surpasses the goal Messina set for the campaign’s national finance committee of collecting a combined $60 million between April 1 and June 30.

“It’s a monumental achievement,” Messina said.

Obama’s total is more than the $35 million raised this past quarter by all the Republican presidential candidates combined (although Minnesota Rep. Michele Bachmann has not yet reported her fundraising). The GOP is lagging in fundraising, a problem made more acute by Obama’s success. By this point in 2007, 10 GOP presidential hopefuls had collectively raised more than $118 million. Obama had raised $58.9 million over two quarters.

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