Obama committee fundraising falls behind

2012-02-21 10:00
Washington - Priorities USA Action, the independent "Super PAC" set up to help Democratic President Barack Obama win re-election in November, raised a paltry $59 000 in January, Federal Election Commission filings showed on Monday.

The surprisingly low figures for the PAC, or political action committee, contrasted sharply with the tens of millions of dollars raised by its Republican counterparts.

The figures reinforced concerns among Obama's advisers that even though his campaign is raising far more than those of his potential rivals, PACs that help Republicans could make up that difference to the point that the Democratic president's re-election effort could be outspent by his opponents.

Obama's campaign is still a fundraising juggernaut, raising $29.1m in January along with its Democratic allies.

Individual donations to campaigns are limited to $2 500 during the primary season and another $2 500 for the fall general campaign. Because of a 2010 Supreme Court ruling that banned limits on fundraising and spending by independent political groups, Super PACs have no limit on donations.

Shift for Obama

The problems at Priorities USA and the huge amounts being raised by Republican Super PACs led the campaign to decide this month to help give Priorities more fundraising muscle.

Obama campaign manager Jim Messina announced on February 6 that campaign and White House officials would start appearing at fundraising events for Priorities.

That was a shift for Obama, who opposed the Supreme Court ruling that erased longstanding limits on corporate and union money in federal elections.

Priorities USA Action had raised just $4.2m by the end of January, only a fraction of that raised by Restore Our Future, the group supporting Republican frontrunner Mitt Romney, which had raised $36.8m by the end of last month.

The January figures showed Priorities had $1.3m in cash on hand at the end of January and no debt.

Read more on:    barack obama  |  mitt romney  |  us  |  us elections 2012

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.