President Obama Campaign Nets $70 Million

Barrack Obama Campaign Nets $70 Million FundsHis popularity might have declined the past few months, but incumbent United States President, Barrack Obama, remains a solid candidate in the next US presidential election in 2012. This developed after the campaign team of Obama were already able to collect  $70 million for his re-election bid next year against the Republican party. According to reports, the funds collected exceeded the goal set by the Democratic party which was $55 million.

Obama campaign manager Jim Messina revealed on Thursday that more than 600,000 people donated to the campaign in the most recent quarter, more than the previous three months. Messina said 98 percent of the donors gave $250 or less, with an average donation of $56. Political observers earlier said the 2012 presidential election will be tight race due to the bad economic condition of America today.

The observers said many people are not happy with the economic state of the US which could drive them to vote for the Republicans next year. However, despite the economic condition of the country, many Americans still trusted the administration of Obama, which makes the president a top contender in the election next year.