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Obama Fundraising Down Compared to 2008

Obama committees raised only $39.4M in February, down from $55M in Feb '08

President Obama’s much-praised fundraising prowess has diminished since the 2008 campaign, Politico reports.

The President is "spending heavily" to raise money and has benefited most from large donors, rather than small, one-time donations that fueled his first presidential campaign.

Politico adds:

Three Obama campaign committees, including two that have higher donor limits, brought in a combined $39.4 million last month.

Compare that to February 2008, when Obama had one campaign committee, which was limited to smaller donations, but still raised $55 million.

While the three Obama committees finished last month with $91 million in the bank, the pace concerns Democrats girding for a general election showdown with Republicans who plan to spend hundreds of millions of dollars on outside advertisements.

Published under: Obama Campaign