Presidential contest shifts focus to raising money

By Steve Peoples

Associated Press

Published: Friday, Sept. 28 2012 12:00 a.m. MDT

In this July 24, 2012, photo, President Barack Obama speaks at a fundraising event at the Oregon Convention Center in Portland, Ore.

Susan Walsh, AP

Enlarge photo»

PHILADELPHIA — For a day, the presidential contest was almost all about money — money to wage the presidential contest, that is. Mitt Romney promised to help Americans earn more, but he and President Barack Obama focused mostly on private fundraisers and big checks to fuel their 40-day sprint to Election Day.

Obama courted donors in Washington on Friday, while his Republican challenger did the same in Philadelphia and Boston, both men trading swing-state rallies for fundraising in places unlikely to play a significant role in the election of the next president on Nov. 6.

Romney admitted as much during a fundraiser at Philadelphia's exclusive Union League Club. The former Massachusetts governor said it would surprise everyone if he carried Pennsylvania, a state that hasn't supported a Republican presidential candidate in nearly a quarter century.

"We really would shock people if early in the evening of Nov. 6 it looked like Pennsylvania was going to come our way and actually did come our way. That can happen," Romney told about 200 donors who paid between $2,500 and $50,000 to hear his remarks.

"My priority is job creation and growing incomes," Romney continued. "My priority is not trying to punish people who have been successful."

The former businessman's remarks came at the first of three private fundraisers sandwiched around a midday rally. Obama kept close to Washington with a schedule of three fundraisers of his own.

As the candidates asked for cash, their campaigns prepared for next week's high-stakes meeting on the debate stage — the first of three presidential debates and perhaps Romney's best chance to reverse the recent Obama gains suggested by opinion polls.

Both men worked international affairs into their politicking Friday with separate telephone calls to Israeli Prime Minister Benjamin Netanyahu. Romney criticized Obama for not meeting with Netanyahu this week during his visit to the United Nations, where the prime minister declared the world has only until next summer to stop Iran from building a nuclear bomb. Aides to both candidates did not mention that dire declaration in their reports of the calls.

But money was largely the focus of the day.

In an election where the two sides already have collected more than $1 billion, each campaign has committed millions more they haven't yet raised to help blanket key states with television ads, drive national voter turnout operations and support massive teams of paid staff and consultants. Private events at places like the Union League Club, where dress codes prohibit wrinkled clothes and huge crystal chandeliers hang from ceilings, are regular occurrences for campaigns seeking the modern-day lifeblood of presidential politics.

Romney and the Republican Party had raised about $536 million through the end of August, the most recent reporting data available. Obama and the Democratic Party had collected about $655 million through the same period.

Both camps have been spending furiously, mostly on expensive television advertising in battleground states. That doesn't count the hundreds of millions of dollars likely to be spent by "super" political committees, which can raise and spend unlimited sums. Republican-leaning super PACs and Romney's campaign have outspent efforts for Obama's re-election since mid-July, ad data show.

Fundraising can present image risks for both sides.

During the 2008 campaign, Republican John McCain's campaign aired advertising calling Obama the "biggest celebrity in the world," showing his image along with Britney Spears and Paris Hilton. Obama's brushes with fame and fortune have only grown in the years since.

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