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Obama raises $68m for campaign, party last quarter

political notebook

THIS STORY APPEARED IN
Boston Articles
January 13, 2012
  • Mitt Romney, in Greer, S.C., yesterday, said the company he once led created a net of over 100,000 jobs while he was there.
Mitt Romney, in Greer, S.C., yesterday, said the company he once led created… (Tom Priddy/Spartanburg…)

WASHINGTON - President Obama raked in more than $68 million combined for his reelection campaign and the Democratic Party during the final three months of 2011, gearing up for a formidable challenge against his Republican opponent this year.

The large fund-raising quarter helped Obama’s campaign and the Democratic National Committee surpass $220 million in 2011. Republican front-runner Mitt Romney raised $56 million through Dec. 31, his campaign said this week, far outpacing his GOP opponents.

Obama campaign manager Jim Messina said yesterday in a video to supporters that the campaign collected more than $42 million for the quarter, with the DNC bringing in more than $24 million, along with $1 million for a joint fund to help state parties in key states.

Obama’s campaign collected $750 million in 2008, prompting speculation that it could top $1 billion this time. Messina said the lofty figures have created “a challenge that keeps coming up. Too many Obama supporters think we don’t need their money or they don’t need to give now.’’

However, Messina said, “The billion-dollar number is completely untrue.’’

Obama, facing no primary opponent, has stockpiled a large campaign bank account, but Democrats expect parity with Republicans once the party chooses a nominee.

Many of Obama’s donations were generated from online giving. Messina said 98 percent of the overall gifts were for $250 or less, and the average donation was $55.

ASSOCIATED PRESS

Romney defends stance on abortion, time at Bain

GREER, S.C. - Mitt Romney yesterday defended both his record as head of a Boston investment firm and his stance on abortion as governor of Massachusetts as he toured a motorcycle dealership here.

“There are a number of businesses that we helped start, which collectively - you can just look on their websites - added well over 100,000 jobs,’’ Romney said of his tenure as chief executive of Bain Capital, then cited Staples, Bright Horizons Children’s Center, the Sports Authority, and Steel Dynamics. “And then the press has also reported on businesses that lost employment.’’

He added: “The net of the two is pretty clearly well over 100,000 jobs, and the reality is in the private sector, that there are some businesses that are growing and thriving, and we were fortunate enough to be able to be part of that in a small way, and there’s some businesses that have to be cut back in order to survive and try to make them stronger. And sometimes you’re successful at that and sometimes you’re not.’’

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