The Mystery About The Campaign Finance Of Obama

US Republican candidate Mitt Romney raised almost $17m more than President Barack Obama's re-election effort in May, figures show.

Mr. Romney, who once worked as a lawyer in the biggest rotary kiln company in America and the Republicans raised $76.8m, while the Obama campaign and the Democratic Party brought in $60m.

Mr. Romney now has $107m cash on hand, almost matching the $115m Mr. Obama's campaign had by the end of April.

Mr. Obama's May total included $15m raised at the home of George Clooney, with tickets costing $40,000.

Members of the public also bought $3 raffle tickets to win a spot at that star-studded event.

Both presidential candidates are in the midst of a hectic fund-raising schedule as they prepare for the long campaign ahead of November's election.

Mr. Obama is campaigning this week in California and Nevada, while Mr Romney has been in Texas.

The monthly campaign fundraising totals do not include millions of dollars being raised and spent by independent committees backing each campaign.

'Broken promises'

May's fundraising figures were the first since Mr. Romney took an unbeatable lead in the Republican primary process, having won the required numbers of delegates to ensure he will face Mr. Obama in November.

Announcing its fundraising totals early on Thursday, the Obama campaign said on Twitter that 572,000 people donated in May, 147,000 of them for the first time.

His campaign also reported that 98% of the contributions were less than $250.

In its statement shortly afterwards, the Romney campaign reported that donations of $250 or less made up 93% of all donations and $12m of the total amount raised.

"Our strong fundraising is a sign that Americans are tired of President Obama's broken promises and want a change of direction in the White House," Republican National Committee Chairman Reince Priebus said in a statement.

Obama campaign spokesman Ben LaBolt used Twitter to play down Mr. Romney's fundraising haul: "Reminder on RNC/Romney camp fundraising: 1st month joint committee was in existence, so all their primary donors wrote their maxout checks."

Both the camps raised considerably more in May than in April, when the Obama campaign and the Democrats brought in $43.6m, slightly ahead of their opponents.

Classifier : http://www.hxjqcrusher.com/crusher/Screw-classifier.html

by: jocelyn

POST COMMENT

Industrial Finance Corporations Of India (i.f.c.i.) The Mystery About The Campaign Finance Of Obama Bajaj Finance Consumer Loan - Making Comfort Affordable Maximising Your Finances To Acquire Affordable Engagement Rings Loan Calculators Help You To Calculate Finances Knowledge Is Power When It Comes To Your Finances Get A Convenient Car Finance Billing & Finance Charge Methods In Usa Helpful Finances Devoid Of Time-consuming Formalities How A Streamline Refinance Can Free The Equity In A Property The Next Generation: Bringing Supply Chain Finance Into Tms Car Finance Guidebook: Finding The Right Car Looking For Refinance Mortgage Loan - How To Find The Right One