Tuesday, February 21, 2012

Low Fundraising For Obama

I do have to wonder why anyone is giving money to Mitt Romney. The man's a gazillionaire - let him pay for his own Presidential campaign.

RUSH: Now, a little bit on the Obama super PAC. Does it not sound a little strange to you that Obama only has $59,000 in his super PAC? I happen to believe that's a very fishy -- very fishy -- report. Because back on February 1st, it was reported that Steven “Spendberg” gave the PAC a hundred thousand dollars and that the SEIU gave a million dollars. Now, maybe Obama spent some, but Steven “Spendberg” gave a hundred grand, the SEIU a million, and they're reporting Obama has $59,000. Now the Obama campaign is using this excuse of low fundraising totals -- which I, frankly, don't believe. I don't believe they're that bad.

From The Hill: Obama super-PAC Priorities USA raises only $59K in January
Pro-Obama super-PAC Priorities USA raised only $59,000 in January, far less than any of the super-PACs backing Republican presidential candidates

By comparison, pro-Mitt Romney super-PAC Restore Our Future took in nearly $7 million in January.

Priorities USA raised only $4.4 million in all of 2011, the bulk of which came from a handful of wealthy Hollywood donors.

The paltry January haul came before the campaign reversed course to acknowledge the necessity of super-PAC fundraising, while publicly disapproving of the concept of super-PACs, which must remain unaffiliated with the campaign but can take in unlimited amounts from single donors.

“With so much at stake, we can't allow for two sets of rules in this election whereby the Republican nominee is the beneficiary of unlimited spending and Democrats unilaterally disarm," Obama campaign manager Jim Messina wrote in a blog post earlier this month.

Still, the Obama campaign has proven it can generate cash from small donors. Last week, the campaign announced $29.1 million in fundraising for January, 98 percent of which it said came from donations of $250 or less.

The Romney campaign saw a steep decline in January fundraising, taking in $6.5 million, compared to the over $11 million it generated in December.

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