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      Obama Campaign Rakes In Millions for Re-election Dollars

      While Republicans are trying to figure out who might beat an incumbent, Obama's re-election campaign is raising tens of millions of dollars.
      By Chana Ya'ar
      First Publish: 1/12/2012, 6:10 PM

      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.