President Obama shattered his $60 million total fundraising target for the second quarter of 2011, raking in $86 million for both his re-election campaign and the Democratic National Committee. That's more than twice the amount that all of his 2012 Republican rivals brought in combined. At the same point in the 2004 election cycle, then-President George W. Bush had raised about $50 million. With such a financial advantage, will Team Obama be unstoppable?
This might just make Obama unbeatable: The master fundraiser took in three times more than his closest Republican contender, Mitt Romney, says Henry Blodget at Business Insider. And the $86 million figure doesn't even include money raised by Priorities USA, the Obama-affiliated Super Pac. The crowded GOP field is "off to a slow start," while Obama is smashing expectations, proving once again that "he will be very difficult for Republicans to beat."
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