Obama Raises $1 Billion


Print Friendly, PDF & Email

President Obama is the billion dollar man.

Obama has become the first politician to top that lofty mark of donations collected during his career.

His lifetime total hit $1,017,892,305 in April, nine years after he began his 2004 race for Senate, according to an analysis by the Center for Responsive Politics.

And Obama is hardly done: most observers expect him to raise at least another $300 million by Election Day.

The President has raised more than $217 million so far for this campaign, while his November opponent Mitt Romney has hauled in just under $100 million, the Center found.

However, the playing field becomes far more level when independent political action committees are included – conservative groups are expected to far outraise left-leaning organizations.

Both candidates’ parties have also poured cash into the race, which is expected to be – by far – the most expensive in history.

To help fund his re-election bid, Obama has turned to a series of big-names to join him at fundraising events – and the latest is Bill Clinton.

The Obama campaign announced Tuesday that the current and former President will co-host an event in New York next month.

“When Bill Clinton ran for president in 1992, I had just started a job registering voters in Chicago,” Obama wrote in an email to supporters.

“I remember watching his campaign and thinking, ‘Wow, I’ve never seen a candidate like him,’” Obama continued. “I ran for President because we lost our way as a country after President Clinton left the White House.”

Details of the event, scheduled for June 4, were not immediately released.