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World Map / Upcoming Elections / US Presidential election 2016 / US Election Updates / GOP downplays Obama fundraising totals

2016 Presidential Election

US Election Updates - October 8, 2012

GOP downplays Obama fundraising totals

Republicans downplayed the importance of money in the race to the White House on Sunday as President Barack Obama set out to further boost funds after announcing a record monthly haul.

A day after Obama announced that a record $181 million was raised in September, Republican National Committee chairman Reince Priebus acknowledged he was unsure whether his party’s candidate Mitt Romney would be able to match what he described as an "impressive number".

"We all understand that this race isn't going to come down to money," he added, while suggesting that the Republicans still had "all the money we need to be competitive,” Priebus said on CNN's State of the Union.

Obama's announcement, made via Twitter on Saturday, follows what was widely viewed as a win for Romney in the first presidential debate on Wednesday night.

However, the Republican party’s victory seems to have been short-lived as just 24 hours after the face off, unemployment data revealed that the U.S. had added 114,000 new jobs in September, giving cheer to Obama's re-election bid.

The positive jobs data also provided the Democratic incumbent an opportunity to overlook his lackluster debate performance.

Meanwhile, opinion polls suggest that Romney’s strong performance during Wednesday’s debate did not do enough to boost his favorability.

An Ipsos/Reuters snapshot of voter intention released after the debate, placed Obama ahead by two points, with a 47 percent to 45 percent lead over his Republican rival.

It is down from the six-point margin he maintained in polls prior to the debate.

However, Ipsos pollster Julia Clark said: "We haven't seen additional gains from Romney. This suggests to me that this is more of a bounce than a permanent shift."

Turning around the polls could prove to be a greater challenge for Romney if his yet to be released campaign fundraising figures for September reveal a drop in donations in comparison to Obama.