Obama raises $45 mn in February for campaign

Obama increased fundraising efforts during the month, collecting nearly twice as much as he raised during the final three months of 2011.

Washington: President Barack Obama raised USD 45 million for his re-election bid in February, bringing his total to about USD 300 million for this election cycle, his campaign said on Monday.
Obama increased fundraising efforts during the month, collecting nearly twice as much as the USD 23 million per month average he raised during the final three months of 2011 and more than the USD 29.1 million he raised in January. The money was spread among Obama`s campaign, the Democratic party and two campaign funds.
Obama`s campaign said nearly 350,000 people contributed in February, and the average donation was about USD 59 for the entire election cycle. Nearly 98 percent of the donations were USD 250 or less.

The fundraising reports were being filed ahead of tomorrow`s campaign finance deadline for presidential campaigns.

With Republicans locked in an extended primary campaign to win that party`s nomination, Obama`s team has tried to build a large 50-state operation that will help it register new voters, bring back past supporters and boost turnout.

Obama`s campaign had about USD 75 million in the bank through the end of January, and totals for February were not immediately available.

Campaign officials have implored supporters to donate money and get involved, pointing to Republican-leaning super political action committees that are expected to raise hundreds of millions of dollars to defeat the president.

Obama`s campaign said earlier this year that it would bless big-money super PACs supporting Democrats as a way of countering the Republican effort. That was a turnaround from Obama`s earlier opposition to the new groups.

In an email to donors last week, campaign manager Jim Messina cited a poll showing Obama trailing against Republican front-runner Mitt Romney and asked them to get involved.

"We`re looking at a race that will be tighter than you think. And the other side has groups ready to spend hundreds of millions of dollars to tear down President Obama," Messina said.

Obama`s totals for February fell short of the USD 56 million he raised in February 2008, when he was seeking the Democratic nomination against now-Secratary of State Hillary Rodham Clinton.

Obama has boosted fundraising efforts in recent weeks, holding events last month in Miami, Los Angeles, San Francisco and Seattle. Last week, Obama raised money in Chicago and Atlanta.

PTI

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