Latest News:  
Beijing   Sunny/Cloudy    30 / 22 ℃  City Forecast

English>>World

Money chase likely to continue in U.S. eletions

(Xinhua)

08:45, August 13, 2012

WASHINGTON, Aug. 9 (Xinhua) -- U.S. Presidential elections are costly, and candidates usually do their best to raise cash.

This year's election cycle is no exception as President Barack Obama and his Republican challenger Mitt Romney are spending the bulk of their time wooing donors to fund their campaigns.

In a change of the tactics of talking directly to voters, both presidential candidates have been engaged in face-to-face meetings with donors to seek a financial edge over one another.

According to White House schedules, Obama attended 21 fundraisers in July alone, compared with 17 campaign events aimed at the general public. Romney's figure is reportedly even higher, attending at least 22 fundraisers and about a dozen public events.

The trend has emerged long before the summer. White House schedules have been packed with fundraisers for months, and Obama has attended over 200 of those events since he announced his bid to seek reelection last April.

In comparison, former president George W. Bush, who ran successfully in his reelection bid, held 86 fundraisers in the 14.5 months since he filed for reelection on May 16, 2003 through July 2004, according to an article written by Karl Rove, senior White House advisor to Bush, on the Wall Street Journal early this month.

By starting early, Obama has maintained a money edge over Romney for most of the past year. But his advantage has gradually evaporated after Romney sealed his nomination late April. After three straight months of outraising Obama, Romney stands to heavily outspend the incumbent in the coming autumn.

The Obama campaign and the Democratic National Committee (DNC) raised 75 million U.S. dollars in July. Romney's fundraising number in July is shy of the 106 million dollars he raised in June, but it nevertheless boosts his cash on hand to nearly 186 million dollars, according to figures released by the Romney campaign on Monday.

More special coverages

More special coverages

【1】 【2】

Email|Print|Comments(Editor:朱蕤、姚春)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's aircraft carrier's sea trials

  2. Tragic moments all around the world

  3. Why have people lost trust in data and indices?

  4. Yi ethnic group celebrate Torch Festival

  5. Fantastic "rainbows"

  6. Valentino Resort 2013

Most Popular

Opinions

  1. Real estate rebounds as buyers return
  2. Editorial: Outbound investment risks
  3. Don’t be overwhelmed by domestic issues
  4. US pushes China to get serious about sanctions
  5. Obama diverts attention with Romney bashing
  6. Fearing others' rise offers path to eventual doom

What's happening in China

Poyang Lake rises higher than alert level

  1. Hyundai Motor recall excludes China
  2. TV fans pan scripts ripped from US shows
  3. 3 dead in crane collapse in NW China
  4. Knife-wielding kidnapper shot dead
  5. Rains forecast for most parts of China

China Features

  1. Boxing in China II: A Tale of Two Decades
  2. Fortune 500 Chinese companies not strong
  3. Why Hollywood favores China's actresses?
  4. Dongfeng Honda to recall 76,000 CR-Vs
  5. How to protect yourself during heavy rainstorms?

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai