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

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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?

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. It's going to be a nail-biter, and we really need to see donations from this specific ask coming in strong if we're going to get there.

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