The Key to Mitt Romney’s $106 Million Haul? Barack Obama

Mitt Romney.<a href="http://www.flickr.com/photos/gageskidmore/6878656169/sizes/m/in/photostream/">Gage Skidmore</a>/Flickr

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


David Koch, one-half of the brotherly duo that controls the Koch Industries conglomerate, played host to one of the three fundraisers this weekend in the Hamptons (a summer enclave for rich people near the eastern tip of Long Island) benefitting presumptive GOP presidential candidate Mitt Romney. According to the New York Times, Koch told attendees “he was committed to ousting President Obama, citing the evening’s fundraiser and his own efforts to raise campaign money this year.” Ted Conklin, owner of the posh American Hotel in Sag Harbor, told the Times as he idled in his gold Mercedes on the way to a Romney fundraiser: “Obama is a socialist. His idea is find a problem that doesn’t exist and get government to intervene.” You can bet that this kind of Obama hatred was on full display at all three of Romney’s Hamptons fundraisers, which together netted the candidate more than $3 million.

That sum isn’t included in Romney and the Republican National Committee’s breathtaking $106 million haul for June. But there’s a simple enough explanation for why Romney is raising so damn much money: Barack Obama. When it comes to reeling in campaign cash, the president surpasses any of Romney’s fundraisers. Just as Democrats banked hundreds of millions in 2004 by invoking George W. Bush and his policies, in 2012 Obama and his policies are the reason Romney, the RNC, and Republican super-PACs and nonprofits are swimming in money. “You can walk into certain rooms and say, ‘We’ve got to get rid of Obama,’ and out come the big checks,” says Anthony Corrado, a political scientist at Colby College.

Here’s some context for Romney and the GOP’s $106-million month. It’s $58 million more than GOP presidential hopeful John McCain and the RNC raised in June 2008. It’s $35 million more than the Obama campaign and the Democratic National Committee raised in June. And it’s the second month in a row that Romney and the Republicans outraised Obama and the Democrats. (In May, Romney raised $77 million to Obama’s $60 million.) To borrow from Vice President Joe Biden, Romney’s June numbers are a big fucking deal. 

The Obama campaign wasted no time Monday underscoring this fact. In an email to supporters titled “We could lose if this continues,” Ann Marie Habershaw, Obama for America’s chief operating officer, wrote, “This is no joke. If we can’t keep the money race close, it becomes that much harder to win in November.”

A few weeks ago, Obama told supporters that he could be the first president in modern history to be outraised by his challenger. That possibility alone will nudge some Democratic donors off the sidelines. For all their quibbles with Obama, these individuals will open their checkbooks if it helps prevent a Romney presidency. The question is: Will Democratic donors large and small pony up enough to counter the white-hot Obama anger among Republicans and conservatives?

WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

payment methods

WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate