Romney outraises Obama in White House race

8 Jun 2012, 1:00 pm   -   Source: AFP
Share This
0 
+ Comment
0
Republican presidential contender Romney is winning the fundraising race against Obama (File: AP).

Republican presidential contender Romney is winning the fundraising race against Obama (File: AP).

Republican Mitt Romney has outraised President Barack Obama for the first time in the White House race.

RELATED

Republican Mitt Romney has outraised President Barack Obama for the first time in the White House race, with the challenger raking in more than $76 million, campaign figures showed Thursday.
  
Obama, who proved himself a fundraising juggernaut during his presidential run four years ago, raised "more than $60 million" in May along with the Democratic National Committee and local committees, the campaign said in a Twitter message.
  
That's a monthly record for the president's 2012 re-election bid, but the fact that Romney shot past him on the fundraising front suggests the dash for campaign cash over the coming months will be fiercely competitive ahead of November's polls.
  
It also shows Romney is unmistakably on a roll since becoming the all-but-certain nominee more than one month ago.
  
Romney's camp said he and the Republican National Committee raised $76.8 million in May, and they have $107 million in cash on hand.
  
It also was quick to suggest Democrats might be turning on Obama and donating to Romney.
  
"Whether (Romney donors) are Republican, Democrat, Independent, a first time political donor or a former Obama donor, this is not just a campaign; it's an opportunity for the country," Romney's finance chairman Spencer Zwick said in a statement.
  
"It is clear that people aren't willing to buy into 'hope & change' again," he added, referring to an Obama campaign slogan from 2008. "Voters are making an investment because they believe that it will benefit the country."
  
Polls show a tight race, with many putting Obama just a few percentage points ahead of his challenger in national surveys, often within the margin of error.
  
Romney's campaign said 93 percent of the May donations -- more than 297,000 of them -- were of $250 or less, and came from all 50 states and the capital Washington. Those small donations raised $12 million out of the total.
  
Obama pulled in far more individual donors, however, at 572,000, with 98 percent of them donating less than $250.
  
More than 2.2 million people have donated to Obama's re-election bid, the campaign said on Obama's official Twitter feed.
  
The president raised $43 million in April, a drop from the $53 million he raised in March, while Romney brought in $40.1 million in April, nearing parity with Obama.
  
These monthly amounts do not, however, take into account contributions from political interest groups called "super-PACs," which can raise and spend unlimited funds to support candidates, although they cannot directly fund a campaign.
  
Experts say Romney appears to be benefiting more from the new rules, with wealthy conservatives funneling huge sums into outside groups that support his agenda.
  
Fundraising is vital to US presidential elections, when candidates criss-cross the country for months and roll out several advertising campaigns, spending hundreds of millions of dollars in the process.
  
 

Mitt Romney , US President Barack Obama , US Presidential Campaign

  • Follow us: 
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Youtube

Join the Discussion

Name
City / Suburb E.g. Artarmon, Sydney
Title
Comment
You have characters remaining.
Validation
What's this?
This is a captcha-picture. It is used to prevent mass-access by robots.
All submitted comments become the property of SBS. They are moderated, so we reserve the right to edit comments and remove HTML tags. Not all submitted comments will be published. Publication does not mean we endorse the opinions expressed. Please read our terms and conditions for more information.