2012 Presidential Election Set to Be Most Expensive in History; Obama Seeks to Raise More Than $750 Million

Dan Evon - Author
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Jun. 16 2013, Updated 12:57 a.m. ET

How much does it cost to be president? The 2012 presidential race could be the most expensive in history as President Obama has already raised close to $200 million as he seeks re-election in 2012.

According to the Daily Mail, Obama raised around $155 million through September and is predicting to raise more than $60 million in the fourth quarter. With $200 million already in his campaign pocket and plenty of time to raise money before the election, Obama is on track to surpass the $750 million mark his campaign set in 2008.

Steven Cohen, a campaign fundraiser based in Chicago, said:

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“Enthusiasm for the White House’s policies has been steadily increasing and it will keep increasing… Among the people who I have talked to, they are seeing a real demonstration of the president’s commitment to stand his ground.”

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And Obama isn’t the only candidate expected to bring big money to the table in 2012. Mitt Romney, Rick Perry, and Ron Paul have all raised more than $10 million so far during 2011.

According to the Daily Mail, Romney has raised the most campaign funds so far. As of September, Romney has raised $32.2 million, nearly twice as much as the other candidates. Rick Perry has raised $17.2 million and Ron Paul has raised $12.6 million.

Fox reports that Obama attended 15 campaign fundraising events in the fourth quarter. The president is currently taking a holiday with his family in Hawaii and isn’t expected to do any more fundraising this year.

Do you think Obama will win re-election?

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