Obama donates $5 000 to his own campaign

2012-08-01 12:01

Chicago - President Barack Obama has done what his campaign has asked millions of voters to do for months: Go online and donate to his re-election effort.

Obama donated $5 000 to his own campaign, spokesperson Jennifer Psaki said on Tuesday, providing his Chicago-based team with a small boost after lagging behind in the fundraising race against Republican rival Mitt Romney in recent months.

As a candidate Obama faces no restriction on the amount he can give to his own campaign, but the Democratic incumbent made the donation to underscore what his supporters say is the difference between his own grassroots-style campaign and the big-money outside political action committees he is up against in the bitterly fought race to Election Day.

"On its own, what I gave won't be enough to surmount the unprecedented fundraising we've seen on the other side, both from our opponent's campaign and from the outside groups and special interests supporting him," Obama wrote in an e-mail to supporters on Tuesday.

"But we have always believed that there's nothing we can't do when we all pitch in. That includes me," Obama wrote.

Mitt Romney and his wife, Ann, together donated $150 000 to the former private equity executive's campaign and the Republican National Committee in May.

Record-setting money race

Despite the Obama campaign's low-dollar messaging, it relies on Priorities USA, a so-called "Super Pac" that has raised millions to benefit the campaign, scores of big-dollar fundraisers and one-off events that have netted millions for the Democratic incumbent.

Restore Our Future
, a Super PAC supporting Romney, has raised roughly $81.2m.

The Obama campaign, whose spending has outpaced the Romney campaign, frequently warns supporters that Obama could be outspent due to the campaign war chests amassed by outside spending groups backing the Republican.

The fundraising gap is narrowing between the two candidates in a record-setting money race to 6 November in what is expected to be the costliest presidential race in US history.

Romney raised about $106m in June, compared to Obama's roughly $71m. In May, Romney and his Republican allies edged Obama for the first time, raising more than $76.8m compared to Obama and wider Democrats' more than $60m.

Overall, Romney and affiliated Republican groups have raised at least $394.9m, less than the $552.5m that Obama and affiliated groups have collected.

  • - 2012-08-01 12:11

    Democracy comes at a serious price it seems.

  • Spiral - 2012-08-01 12:53

    Money talks and the poorest man walks!

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