President Barack Obama raised a record-shattering $86 million for his re-election campaign from April to June, exceeding a $60 million quarterly target and easily eclipsing all Republican challengers.
Small donations drove that massive cash collection in the second quarter -- 98 percent of donations were $250 or less, with an average donation of around $69, campaign manager Jim Messina said in a video to supporters on Wednesday.
Obama's campaign said it received donations from more than 552,000 people and said it had "more grass-roots support at this point in the process than any campaign in political history."
The figures underscore just how strong an incumbent Obama is despite persistent worries among voters about the U.S. economy and unemployment and criticism from other Democrats that he has shifted right over the last few years.
"They have smashed all records," said Chris Arterton, a political management professor at George Washington University. "I think it is quite dramatic." ...
The small donor participation is especially good news.
One reason that a lot of Republicans more credible than Palin and Bachmann have announced that they won't run is that they know that is very difficult to unseat an incumbent President.