AIRLINK 74.29 Increased By ▲ 0.29 (0.39%)
BOP 4.95 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.37 Decreased By ▼ -0.05 (-1.13%)
DFML 38.80 Decreased By ▼ -0.40 (-1.02%)
DGKC 84.82 Decreased By ▼ -1.27 (-1.48%)
FCCL 21.21 Decreased By ▼ -0.44 (-2.03%)
FFBL 34.12 Increased By ▲ 0.11 (0.32%)
FFL 9.70 Decreased By ▼ -0.22 (-2.22%)
GGL 10.42 Decreased By ▼ -0.14 (-1.33%)
HBL 113.00 Decreased By ▼ -0.89 (-0.78%)
HUBC 136.20 Increased By ▲ 0.36 (0.27%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.71 Decreased By ▼ -0.13 (-2.69%)
KOSM 4.44 Decreased By ▼ -0.09 (-1.99%)
MLCF 37.65 Decreased By ▼ -0.62 (-1.62%)
OGDC 136.20 Increased By ▲ 1.35 (1%)
PAEL 25.10 Decreased By ▼ -1.25 (-4.74%)
PIAA 19.24 Decreased By ▼ -1.56 (-7.5%)
PIBTL 6.71 Increased By ▲ 0.03 (0.45%)
PPL 122.10 Decreased By ▼ -0.90 (-0.73%)
PRL 26.65 Decreased By ▼ -0.04 (-0.15%)
PTC 13.93 Decreased By ▼ -0.40 (-2.79%)
SEARL 57.22 Decreased By ▼ -1.90 (-3.21%)
SNGP 67.60 Decreased By ▼ -1.90 (-2.73%)
SSGC 10.25 Decreased By ▼ -0.08 (-0.77%)
TELE 8.40 Decreased By ▼ -0.10 (-1.18%)
TPLP 11.13 Decreased By ▼ -0.10 (-0.89%)
TRG 62.81 Decreased By ▼ -2.04 (-3.15%)
UNITY 26.50 Increased By ▲ 0.25 (0.95%)
WTL 1.35 Increased By ▲ 0.01 (0.75%)
BR100 7,800 Decreased By -50.5 (-0.64%)
BR30 25,138 Decreased By -198.6 (-0.78%)
KSE100 74,957 Decreased By -250.1 (-0.33%)
KSE30 24,083 Decreased By -59.5 (-0.25%)

obamaWASHINGTON: US President Barack Obama threw $5,000 of his own cash into his campaign pot on Tuesday as he pleaded with supporters to help him reverse opponent Mitt Romney's fundraising advantage.

The Republican challenger raised more than the Democratic incumbent in both May and June and after Obama making his personal donation he sent out a mail urging backers to get behind him on the last day of July fundraising.

Obama's email was directed at those small-scale donors who might offer as little as three dollars. "On it's own, what I gave won't be enough to surmount the unprecedented fundraising we've seen on the other side," he warned.

"But we have always believed that there's nothing we can't do when we all pitch in," he added.

The monthly fundraising tally is seen as an important indicator of a candidate's overall support and a deep treasure chest is crucial to keeping up the onslaught of television advertising as the November 6 election approaches.

The Democrats suffered setbacks in May and June, when Romney raised significantly more money. The multi-millionaire businessman's campaign raked in more than $106 million in June alone, $35 million more than Obama.

June's numbers were also significant, because they showed a dramatic increase in grass-roots donations for Romney, turf Obama had broadly dominated.

In a separate email Tuesday, the president said Tuesday was "one of the most critical fundraising deadlines we'll face," and said that winning the election will depend on "what you did in moments like this to close the gap."

But Obama's team is also seeking out larger donors and on Monday evening he collected $2.4 million at a $40,000 a plate campaign dinner in New York.

For weeks, Obama and the organizations that support him have been pushing for cash, all while insisting they will surely raise less money than their competitors, which they say is a first for the incumbent.

Its a turnaround from Obama's first presidential run in 2008, when his fundraising success was striking. In September 2008, his campaign raised $150 million, the record for the highest amount ever raised in a single month.

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed.