By this time during the 2008 presidential primary season, candidates were already well on their way to building up huge campaign war chests. Mitt Romney, for example, had raised $23 million during the first quarter of 2007. By comparison, Romney announced last week that he had raised $1.9 million for his political action committees.
During the first quarter of 2007, then-Senator Barack Obama took in more than $25 million and his chief rival, Hillary Rodham Clinton raised an eye-popping $36 million. The Obama 2012 campaign team won't have a first quarter report, but they we will know more about the strength of the president's fundraising effort by second-quarter filing deadline in June.
Obama raised in the neighborhood of $750 million during the 2008 race, and Obama's 2012 campaign manager, Jim Messina, said they are aiming for a figure that is "north" of that amount this time around. Messina reportedly told a group of 450 high-dollar "bundlers" that they were each expected to raise $350,000 by the end of this year.