Archive for campaign cash

President Obama Officially the Biggest Fundraiser Ever

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Did anyone doubt they could do it? OFA was a well oiled machine.

The final financial documents of the 2012 campaign cement a place in history for the election as a whole as well as its biggest fundraiser, President Barack Obama.

The 2012 election's $6 billion price tag is officially the most ever spent, and President Barack Obama is officially the biggest fundraiser in the modern history of American politics, the Federal Election Commission filings show.

Obama's official fundraising apparatus raised about $1.2 billion in the 2012 cycle, and his personal campaign committee pulled in about $730 million of that (the rest was raised in conjunction with the Democratic party), according to filings. Including his 2008 haul of $778 million and his congressional campaigns before that, Obama has raised $1.5 billion as a federal candidate.

In just two presidential runs, Obama has outraised the four previous Republican presidential nominees combined.

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President Obama's designer couture pays off for campaign

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I remember when they first started this all the right wing mouth breathers were going on about "Elitist, snobby, liberal Hollywood communists." Heh, 40 mil drowns out all that noise.

(CNN) - While President Barack Obama's re-election campaign took heat for launching a high-fashion clothing line as a fundraising tool earlier this year, it turns out the move may not have been such a far-fetched idea.

The Obama team's campaign manager, Jim Messina, recently said the line ultimately brought in "just north of $40 million"–a notable chunk of the more than $644 million raised by the campaign.

With high-dollar pieces created by some of the industry's top designers, the idea was started by Anna Wintour, editor of Vouge Magazine and a big Obama backer. The line even held runway fashion shows, including an event in February, where more than 500 paying guests showed up to shop for the Obama gear, paying anywhere from $44 for a discounted ticket to $2,500 for a chance to have dinner with the event's organizers.

Republicans had a field day with the fashion show, held at an upscale chain store in New York City and co-hosted by Wintour and actress Scarlett Johansson. Critics blasted the move as an insensitive nod to luxury during tough economic times.

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Quickie- LGBT donors back President Obama, big time

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Kinda obvious, but nice to know.

(CNN) -- After President Obama announced his support for same-sex marriage, a group organizing a fundraiser on his behalf suddenly had to find a bigger venue. The event, featuring the pop singer Pink, is one of two LGBT-organized fundraisers Obama is expected to attend on the West Coast on Wednesday.

A CNN analysis of President Obama's biggest fundraisers, known as bundlers, shows that at least 33 -- or about one in every 16 bundlers -- is openly gay. Together, they have raised at least $8 million for the campaign between January and the end of March.

By contrast, in the same period, bundlers from the television, movie and music industry, some of whom attended a recent high-profile fundraiser hosted by actor George Clooney, raised $6.8 million, according to the Center for Responsive Politics.

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