Mike Duncan of the conservative PAC American Crossroads said Friday $120 million is his group's fundraising goal for Election 2012. That's short of what Big Labor spent for Obama in 2008, he notes.
Michael Bonfigli/The Christian Science Monitor
Is politics awash with too much money?
Mike Duncan, chairman of American Crossroads, doesn't think so. His group, which solicits money to spend on behalf of conservative politicians, aims to raise $120 million to support GOP candidates in the 2012 election.
“There is not too much money in politics,” Mr. Duncan said Friday, in defense of his group's goal.
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It is a matter of context, Duncan said at a Monitor-sponsored breakfast with reporters. "Our $120 million is in relation to a couple billion [dollars] on the other side.... We will probably be outspent as a party in this election.”
In 2008, the Obama campaign raised $750 million. The Obama team is expected to spend more than that trying to get the president reelected in 2012.