Obama campaign reports 4th quarter fundraising, bundlers
January 31st, 2012
04:40 PM ET

Obama campaign reports 4th quarter fundraising, bundlers

Washington (CNN) – The Obama campaign has officially reported to the Federal Election Commission raising $68 million from 583,000 donors in the 4th quarter of 2011, according to an Obama campaign official.

These numbers are consistent with those announce by the campaign in a video released in early January.

What's new is the list of approximately four hundred big bundlers they published on the Obama campaign website – along with the amounts each raised.

The term bundlers refers to big fundraisers who "bundle" large amounts of donations together.

Some notable names: longtime Democrat and Dreamworks co-founder Jeffrey Katzenberg raised half a million dollars as did Vogue editor Anna Wintour. Ari Emanuel – the Hollywood superagent and brother of the one-time chief-of staff – raised one hundred to two hundred thousand dollars.

The campaign also lists former New Jersey Governor and now disgraced Wall Street executive Jon Corzine as a five hundred thousand dollar bundler. The campaign has already announced returning more than seventy thousand dollars in personal contributions by Corzine and his wife in the wake of the scandal surrounding Corzine's former fund, MF Global. The campaign's full FEC report is still loading online and is expected to show returned contributions.

The Obama campaign is trying to use the announcement of their bundlers to draw a contrast with the Republicans in the race. A campaign aide points out they "voluntarily disclose" their bundlers "unlike the Republican candidates running in 2012."

Campaign spokesman Ben LaBolt doubled down with a tweet saying "President Bush and Senator McCain disclosed their bundlers. President Obama did again today. What are this year's GOP candidates hiding?"

Democratic strategists tell CNN polling has shown that "ethics" and demonstrating that the President has "high ethical standards" scores well among independent voters. The campaign's effort to highlight that it's revealing its donors seems part of their larger message, to sell the President as – in the words of the Obama campaign's first campaign ad of the 2012 cycle – the "most ethical" ever.

A campaign official also says 200,000 of the donors in the 4th quarter are new to the campaign since 2008. The average contribution was $55, and 98% of contributions were $250 or less.

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soundoff (7 Responses)
  1. Trace

    The president and FLOTUS just seem like two people, you couldn't help but love if ever one had the chance to meet them in person....I know, I know, ...most hated first family ever, but in one of MLK's not so famous quote (and I imagine he was talking about today's Tea Party before they were ever named).....

    Quote: Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity

    That's classic...I never heard that before reading on a bumper sticker today and thought immediately of the GOP/Tea Party contingent. Go for it you people...Prove Dr. King correct

    February 1, 2012 at 2:00 am |
    • John

      What has the Tea Party done to make you so angry. I would think your comment fit the occupy, not the Tea Party. I would much rather be alligned with a group that supports this country than one that wants to destroy it.

      February 1, 2012 at 8:42 am |
      • Fla.Pete

        Ya John ,but your Repubs and teabaggers want to put people in office who want the housing market to tank,lose social security,Medicare,medicaid,the list goes on.Bush ,if he had his way,would have bankrupted millions of seniors and others who would have put their life earnings in Wall Street,remember...You Repubs won't stop trying to repeat your past screwups,Again..so hang it up hoss,your train has left the station,bye bye....

        February 1, 2012 at 5:41 pm |
  2. george of the jungle

    The tea party does not support America. They support their idea of America. Changing the constitution to suite there ideas. Using religion to construct the frame work they want. There is nothing patriotic about them. Listen to them, Hate spews from their mouths. My way or the highway, No compromise no working with others. This is a group that makes people take pledges or they are out. No financial backing if they don't go along. And look where the backing comes from. ? Some from people that are not even US citizens some from las vegas mogals. Some from special interest groups. The tea party is dangerious and will undermind free speach and all this country stands for.

    February 1, 2012 at 11:31 am |
  3. jeorge of the gungle

    lol, if you substitute demoncraps where ever you have tea party then you would be correct...

    February 1, 2012 at 1:11 pm |
  4. Steveo

    "No financial backing if they don't go along". Do you realize the environmentalists lisit did the SAME thing to Obama. This hppened during the debate about that pipeline from Canada! I am not a Tea Party member but they are not undermining free speech, they are practicing it! It appears to me those who are trying to shut them up are undermining free speech!

    Special interest is funding BOTH sides!

    Both sides are pretty much doing the same thing! Too many people have political blinders on!

    February 1, 2012 at 2:46 pm |
  5. geraldo

    please! why is this made so easy for him? he is thieving America by diepetcon and "his own" rule. Destroying everything that makes America work and where people once gained personal worth at no ones cost! Americans born here and not deserve integrity from American leaders and shouldn't have to expect less of the president. This guy is working endlessly to bring this country down in favor of many! We don't know what kind of people(law enforcement) he keeps compromising with our safety. now please, take on a duty to diminsh incoherency! Look at the last election as the last time we'll have one and fight!! The leader and those advising him are in total conflict of America(n)'s interests united. Too busy helping this, that and the other one with trillions of everyone elses money!!! Get America back to fairness and respect by restoring the constitution and restoring the rule of laws that equally applies to all.

    April 3, 2012 at 6:17 am |