Despite his lagging popularity, President Obama this year has raised a sizable sum of cash for Democrats, hauling in a total of at least $73.5 million for Democrats from 69 events, according to Mark Knoller of CBS News.
Knoller, who is well known for his careful record keeping at the White House, said organizers of a few events attended by the president refused to release their fundraising tally, so Obama’s total 2010 haul is likely somewhat higher than the recorded sum.
But Obama’s take lags far behind the amount raised by former President George W. Bush during a similar period, the midterm elections of 2006. Bush in all of 2006 generated $127.5 million from 74 events, according to Knoller.
Bush topped Obama even though his popularity was lower than Obama’s is today. With Iraq in a virtual state of chaos, Bush’s approval numbers were most of the time in the 30-percent range during 2006, while Obama has mostly stayed well into the 40’s this year.
Like Republicans today, Democrats were resurgent in 2006, picking up the House from the GOP, so both presidents were fighting a degree of disenchantment within their Parties as they passed the hat around.
Obama still has four more fundraisers scheduled – each for the DNC – at events this weekend in Philadelphia, Bridgeport, Conn., Chicago and Cleveland. So if his current rate of just over a million dollars an event holds, Obama’s total for the year could be close to $80 million. He’s unlikely to do much more fundraising after this weekend since Election Day is next Tuesday
Obama most recent fundraisers were Monday night, when he brought in a total of about $500,000 from two events in Providence, R.I.