President Obama's re-election announcement fund driven?
In the last presidential election an all-time record of $745.7 million was set in the total amount of Money raised but this time the target is $1 billion. Each campaign bundler is to gather $350,000 which may be hampered by the fact that campaign finance laws only permits $2,500 per donor. However corporations and action committees have no limit so could make up for much of the funds. Plan is for bundlers to raise $500 million while campaign will raise the other $500 million.
Why President Obama really announced today: M-o-n-e-y