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pnwmom

(110,307 posts)
6. Just two Rethug pacs alone expect to raise almost half a billion dollars.
Wed Mar 21, 2012, 03:00 AM
Mar 2012

Doesn't that sound huge to you?


http://www.nytimes.com/2012/03/14/us/politics/obama-campaign-fears-uphill-climb-raising-super-pac-money.html

With the general election campaign just a few months away, Mr. Obama’s allies are under growing pressure to raise money rapidly for Democratic-leaning independent groups, warning his supporters that the huge cash advantage mustered by Republican groups could prove decisive this fall, overwhelming Mr. Obama despite his own formidable fund-raising apparatus.

Early indications are that the Democratic super PACs are facing an uphill climb. While Mr. Obama’s decision last month to endorse super PAC fund-raising — a reversal of his longstanding opposition to campaign spending by independent groups — has made potential donors more receptive to Priorities USA Action and similar groups, few so far have written the kind of six- and seven-figure checks that Republican super PACs are collecting.

Priorities USA Action, a super PAC supporting the president’s re-election, will report $2 million in February donations, group officials said, including $1 million from the television host Bill Maher. Those amounts are substantial for Priorities USA and a related group, which together raised about $6.1 million through the end of 2011.

But it leaves them far behind American Crossroads, the leading Republican super PAC, which took in $51 million in 2011 and expects to eventually raise $240 million. Charles and David Koch, the billionaire conservative oilmen, expect to raise an additional $200 million for other groups opposing Mr. Obama. The disparity leaves the president largely reliant on the tens of millions he is raising for his own campaign to counter an expected onslaught of negative advertising.

SNIP

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