Obama Campaign Begins Collecting Money

Barack Obama's re-election bid is expected to spend over a billion dollars on next year's election. Obama proved a massive cash machine, coupled with hundreds of millions from union contributions could be a very potent force.

Now he's at it again. The Washington Post is reporting that the Obama 2012 re-election campaign is swinging back into gear:

Obama's team, anticipating a closely fought general election, is focused on the key components of campaign machinery: money, organization and strategy. (The message was laid out in the president's State of the Union address - win the future - and will evolve with events).

Start with money. Obama raised about $750 million in his 2008 campaign, an astounding amount. There has been talk, still speculative, that he might be the first $1 billion candidate in 2012.

There's talk reported by Politico that the Obama campaign will be looking for tens of thousands of dollars to be donated by individual donors! He would want almost $60,000 in some cases for his campaign, significantly higher than the entire wages of most American workers, from one person!

Party of the working and middle class, indeed.

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