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No debt deal necessary for Obama's reelection campaign; he reports raising $86 million last quarter

July 13, 2011 |  4:04 am

Democrat president barack Obama enjoys an Oval Office phone call

He may have been leading from behind all spring in those nettlesome national debt reduction talks with congressional Republicans.

Unemployment may be back up to 9.2%. But President Obama is doing great up front where it counts in the political fundraising business to keep his own job in next year's election.

In a video emailed to supporters early this morning, Obama campaign manager Jim Messina said the Democrat's bid for four more years in the Oval Office would report raising more than $47 million for the old Organizing for America outfit. And another $38 million-plus for the Democratic National Committee. All from 552,462 donors, Messina said.

All campaigns' fundraising numbers for the April-June quarter are due into the Federal Election Commission on Friday, unless they get an exemption for starting late, as Jon Huntsman did.

Obama's campaign donation total is chump change compared to the trillions in budget cuts he claims to be negotiating with House Speaker John Boehner and Senate Minority Leader Mitch McConnell.

The reported $86 million dwarfs the anticipated quarter totals of his Republican challengers such as former Govs. Mitt Romney at $18 million and Tim Pawlenty and Huntsman around $4 million each.

Not counting Michele Bachmann, who has been a top congressional fundraiser but not yet announced her haul, the Republican field combined has raised around $35 million. An independent committee supporting Romney has collected another $12 million.

Messina claims that the Democrat needs a whole lot more money to compete with what he said could be "as much as" $500 million from outside committees supporting Republicans.

Originally, Obama campaign aides talked of a $1 billion campaign on behalf of their boss. But they have since scaled that back closer to the $745 million he raised for the 2008 campaign, which he won, in case you hadn't noticed.

 RELATED:

Americans to Obama on his threatened government shutdown: OK

Obama on debt deal: 'I have bent over backwards to work with Republicans'

No recession for 454 Obama White House aides: They'll make $37,121,463 this year

-- Andrew Malcolm

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Photo: Pete Souza / White House

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