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BY VICTORIA CRAIG
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The reports are out, and the results are in. The Federal Election Commission’s end-of-year fundraising reports for all 2012 presidential contenders came out Tuesday. MSNBC has a rundown of what those numbers show.
“Mitt Romney raised $24 million in the fourth quarter. Ron Paul was second, Newt Gingrich third, and then Rick Santorum. ... President Obama raised a whopping $68 million in the fourth quarter.”
Many of the president’s campaign bundlers donated their cash late last year. Fox News explains how those A-listers - including stars like Eva Longoria - are helping the president’s reelection campaign.
“Bundlers are wealthy donors who give the legal maximum to the campaign, then get their friends and family and others to do the same thing.”
But the extra cash flow could begin to slow for the Obama team. Bloomberg reports Wall Street investors who donated to Obama in 2008, pulled back at the end of 2011...and fled to his Republican rival, Mitt Romney.
“Mitt Romney’s investment background, criticized by some of his Republican presidential rivals, is helping him build a financial advantage over them....After Obama championed new regulations designed to curb abuses blamed for the worst economic downturn since the Great Depression, Wall Street put its money elsewhere.”
The Wall Street Journal adds, corporate donors could be the key to winning the race in 2012.
“The data show the super PACs have been funded primarily by a small group of wealthy donors, some of whom have donated $500,000 or more. The new data are the most dramatic evidence yet of the influence that wealthy donors can have on the 2012 campaign as a result of recent court decisions on campaign-finance law, superseding the efforts of established party and candidate organizations.”
But even though the president has raised more funds overall than Romney and Gingrich combined-- the National Journal says super PAC’s may give the GOP candidates more of a boost further down the line.
“This year, it's the Republicans' adept and aggressive use of super PACs to even the financial playing field, blunting the often-massive money advantages that an incumbent president has at his disposal.”