GOP Presidential Challengers Would Need $590,000 A Day To Match Obama Fundraising

Barack Obama raised $59 million for his presidential campaign during the first half of 2007. To match that, prospective Republican challengers to his re- election would need to take in roughly $590,000 a day until June 30 if they entered the race today.

“It would be extremely difficult, if not impossible, for the Republicans to raise as much money as Obama,” said former Republican National Committee finance chairman Al Hoffman Jr., a North Palm Beach, Florida, real estate developer.

Even so, that doesn’t mean the Republicans can’t mitigate an Obama funding advantage. Independent outside groups, such as Karl Rove’s American Crossroads, that helped the party win control of the U.S. House in 2010 are preparing for 2012. And prospective candidates are lining up major fundraisers and preparing efforts to attract small donors.

Read more from Jonathan D. Salant at Bloomberg


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