Obama and the Democratic Party have raised $181 million during September. This is the most money raised in a single month during his re-election campaign so far.
The $181 million is the total of funds raised directly by the campaign plus money taken in by the Democratic National Committee. The amount was even more than earlier reports suggested. However, in the 2008 campaign Obama and the Democrats raised even more in September, a whopping $191 million. Perhaps Wall Street is not quite as generous to the Democrats this time around. The large donations are good news after the bad news of Obama's uninspired performance in the recent debate with Romney.
Jim Messina, Obama's campaign manager, wrote:“The people and the stories behind these numbers are what make this grass-roots organization so powerful." There were also testimonials from donors along with the announcement of the total. Romney has yet to announce how much money he has raised in September.
The Democratic September total includes money raised during the Democratic Convention in Charlotte N.C., when major speeches were delivered by Bill Cllinton, and Michelle Obama as well as the president.
Almost four million people have donated to the party since the beginning of the campaign. In September 1,825,813 people donated. Of that total, over half a million were new donors. In August , Obama and the Democrats raised $114 million, while Romney and the Republicans were slightly lower at 111.6 million. Nevertheless, it is expected that there will be a huge amount spent on advertising as the election nears by super PAC's supporting Romney and the Republicans.
Obama did not announce how much cash was on hand at the start of October. Romney has relied more on large donors than Obama. Obama has managed to raise half his cash in donations under $200. Romney has had to spend more time fund-raising in recent months. He even borrowed $20 million to take him through the summer. Perhaps he could just borrow from himself!