Obama Whomps Romney in 2012’s Campaign Cash Grab (So Far)

Mitt Romney has at last vanquished his zombie opponents and locked up the Republican presidential nomination. Polls show Romney eating away at President Obama’s lead in a head-to-head matchup, now at 3.3 percentage points, according to RealClearPolitics‘ polling average. When it comes to the campaign cash fight, however, Obama is trouncing Romney, as new fundraising numbers from the first months of 2012 make clear.

Here’s the most eye-popping stat: By the end of March, Obama’s reelection effort had 10 times more money in the bank than Romney’s campaign, $104.1 million to $10.1 million. Looking at the entire 2012 campaign, Obama’s haul is now at $196.6 million, while Romney’s is at $88.7 million. Below, we’ve visualized the January-to-March fundraising totals for the Obama and Romney campaigns, the Democratic and Republican National Committees, and a handful of key super-PACs. One takeaway: Democrats may be dominating the traditional campaign and party cash grab, but GOPers, led by Karl Rove, are dominating the outside-money battle.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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