Sunday, October 16, 2011

Obama, Perry and Romney Report Successful Fundraising Quarter

Posted By on Sun, Oct 16, 2011 at 10:25 AM

In a political climate where fundraising is an ultimate test, the latest reports from the Federal Elections Commission indicate that the Republican primary is quickly becoming a two-man race with Rick Perry and Mitt Romney competing for the GOP's established purse-strings.

Reports on Saturday said Romney raised just over $14 million during the three months that ended Sept. 30. The amount put Romney behind Perry (in fundraising) whose aides said the Texas Governor had raised more than $17 million for the same period. But after expenses, the two ended September with about the same amount of cash on hand—$15 million for Perry and $14.7 million for Romney.

The rest of the GOP hopefuls paled in comparison: Rep. Ron Paul reported $3.6 million cash on hand; Hermain Cain reported $1.3 million cash on hand; Sen. Michele Bachmann also reported $1.3 million in cash. Jon Huntsman, Newt Gingrich and Rick Santorum all reported less than $1 million cash on hand.

Meanwhile, President Barack Obama dwarfed all of the contenders with his fundraising prowess. His campaign raised more than $42 million in the third quarter, reporting more than $61 million cash on hand. To date, Obama has raised $49,516 in contributions from Idaho in 2012.

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