The Obama campaign said approximately 350,000 people contributed $250 or less each to the campaign in February for a total of $45 million dollars. This is twice as much as the last three months in 2011, according to Sacramento Bee and AP reports. In January of this year the campaign raised $29.1 million dollars.
The Obama team is proud to report that 98 percent of the donations were $250 or less. Campaign leaders sent an email out last week to boost contributions when it was learned that Romney was ahead of the president in fundraising. While the total this February was less than raised in February of 2008 at $56 million, Democratic National Committee representatives believe the urgency they implore will increase the momentum in the months ahead.
It is speculated that both candidates’ spending could top one billion dollars each in 2012. Obama spent $750 million on his 2008 campaign, and with the addition this year of the Super PACs the projections are most likely correct.
Efforts by the Obama campaign team to build more support throughout the U.S. should begin to be realized as new voters are registered, and previous supporters come back to voice their support. The campaign’s Twitter message said 1.64 million people have contributed so far.
Super PACs are political groups that can raise and spend unlimited amounts of money to influence political campaigns. President Obama held a five-event fundraising spree last Friday in Chicago and Atlanta, where he was projected to raise nearly $5 million or more.