CHA-CHING

Obama Raises $29M in January

Putting him ahead of his pace.

He's doing it without the help of his super PAC, so why not just get rid of it? President Obama raised $29.1 million for his campaign in January, putting him ahead of the pace that he set at the end of last year. The campaign announced the haul via Twitter on Friday morning, claiming that 98 percent of the donations were $250 or less. Obama has raised about $250 million for the 2012 election so far, and he averaged $23 million a month in the last quarter of 2011. All that money came before Obama announced this month that he would accept the support of shadowy super PACs that allow unlimited donations—do you really need to embrace that, Mr. President?