Quote:
Originally Posted by ilovetv
As long as the incumbent candidate enters the race with a campaign "war chest" of hundreds of millions of dollars, the opposing candidate absolutely has to compete to raise the same kind of money.
Both parties' "war chest" should be required to start out empty on the day they formally announce their candidacy, in my estimation.
January 13, 2012
WASHINGTON – President Obama and the Democratic Party have raised more than $240 million for his re-election, swamping his rivals' fundraising as the president races to build a war chest to defend against the eventual Republican nominee and deep-pocketed GOP "super PACS."
Obama collected more than $42 million during the closing three months of the year (2011), his campaign announced Thursday, while more than $24 million went to the Democratic National Committee, to help build a national campaign infrastructure ahead of the November election.
The fundraising puts Obama roughly on par with the amounts raised by President George W. Bush at this point in his 2004 re-election effort. But this year's contest is markedly different.....
Obama, DNC amass $240 million campaign war chest |
The difference in the two campaigns is President Obama raised 43% of his money from donors contributing $200 or less, while Mitt Romney only raised 10% of his money from donors contributing $200 or less.
It cost Romney 76 million dollars in the primary to defeat a serial adulterer and a former senator who lost his seat by 18 points. Money all spent on negative ads against the two. Romney never talked about his record as Governor of Massachusetts in his ads, or explained what positions he takes. He will continue to raise money from his millionaire and billionaire supporters by promising them huge tax cuts and less regulation, so they will be free to pollute the air we breathe, the water we drink, and the food we eat.
President Obama winning battle for small donors - Boston.com