Obama Flexes Fundraising Muscle in Opening Months of 2012 Campaign

May 24, 2011 11:04am

ABC News’ Devin Dwyer (@devindwyer) reports: Less than two months after formally launching his bid for reelection, President Obama is demonstrating why he could be on track to set a new campaign fundraising record in 2012.

Obama has helped the Democratic National Committee collect more than $14 million last month, more than double the amount raised by Republicans, according to Federal Election Commission filings

The president has attended 18 fundraisers since April 4, many held jointly with the DNC, including three fundraisers in his hometown of Chicago, six in swanky California neighborhoods outside Los Angeles and San Francisco, and three in New York City

Obama raised more than $127 million in California and New York in 2008, the top two states of donors giving to his campaign.    

Many of the events so far, with ticket prices ranging from $25 to $35,800, have padded the party’s coffers, with only a small portion of the monies raised going directly to the Obama Victory Fund for 2012, organizers say. 

Campaign finance reports for Obama and the Republican presidential candidates due for release in mid-July will offer the first official glimpse of individual fundraising efforts.  

Obama raised a record $745 million in 2008, the first time a presidential campaign topped $1 billion in fundraising overall.    In 2012, many expect the Obama campaign alone could raise $1 billion or more. 

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