Obama and Democrats haul in a record $181 million in September

October 6, 2012
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The Obama campaign and Democrats raised $181 million combined in September, the highest monthly re-election total, according to the AP.  The amount is a mixture of direct donations by the campaign and large checks taken in by the Democratic National Committee.  Earlier reports showed a lesser amount, so this haul of cash is a positive sign for the Obama campaign. In 2008, Obama an dthe Dems raised $191 million.

Ironically, this is good news for those of us who are disgruntled by Big Money in politics; unfortunately, we need a win in order to level the playing field in the Supreme Court — the same SCOTUS that ruled in favor of Citizens United.  

Since the beginning of the Presidential campaign, groups have spent $308 million on television ads and other efforts. Super PACS play a big role in campaigns on both sides of the aisle, thanks to Citizens United, where unlimited funds from individuals, corporations and labor unions can be raised without being legally tied to a candidate.

$10 million was donated by billionaire casino mogul Sheldon Adelson and his wife, dropping the vast amount of money into the super PAC boosting Romney on a single day in June.

Politico reports:

By contrast, 2,100 donors giving $50,000 or more have contributed about $200 million to the Obama and Romney campaign committees, victory funds and their supportive super PACs. That’s far more than the $148 million all those 2.5 million small donors contributed through the end of June, according to an analysis of Federal Election Commission data by POLITICO and the Campaign Finance Institute.

In other words: In an election purportedly being driven by the economic concerns of the middle class, the top 0.07 percent of donors are more valuable than the bottom 86 percent.

The Romney campaign has not released their total for the month as of yet, however, $12 in donations was just reported as directly coming in after the Republican candidate’s debate performance.

Sadly, it’s going to take a huge amount of money such as the Democrats hauled in, in order to eradicate big money from unknown sources, out of politics.

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