Obama Campaign Rakes In Millions

While Republicans are trying to figure out who might beat an incumbent, Obama's re-election campaign is raising tens of millions of dollars.

Chana Ya'ar,

U.S. President Barack Obama
U.S. President Barack Obama
Israel news photo: Wikimedia Commons/Pete Souza, The Obama-Biden Transition Project

While the Republican field is wide open with the GOP trying to figure out which of their number has the best chance to beat an incumbent candidate, Barack Obama's re-election campaign is raising tens of millions of dollars to re-elect the president.

U.S. President Barack Obama's re-election campaign appears to be well-organized, raking in more than $24 million in the final quarter of 2011.

In the past three months, the campaign has raised over than $42 million more.

Obama, who began his re-election bid in April of last year, had already brought in $86 million by the end of June.

Three months later, the president's re-election campaign, together with the Democratic National Committee, had raised a combined $70 million.

According to campaign manager Jim Messina, 1.3 million people had responded with donations to the Obama re-election bid.

Messina said in a video sent to supporters that about 98 percent of the donations were in small amounts -- about $250 or less -- with the average donation totaling around $55.