See More

Obama 'warms up' for 2012 final campaign

Apr 04 2011 18:51 Reuters

Related Articles

Obama ally warns of Congress 'anger'

Obama to put spotlight on energy

Health care overhaul taking root in US

Obama to name Intel chief to jobs council

Obama budget curbs US deficit

Obama vows US will 'out-hustle' world

Washington - US President Barack Obama launched his bid for re-election in 2012 on Monday, capitalizing on better news on the economy and pushing ahead of Republicans who are struggling to find a candidate.

Obama, a Democrat who won a sweeping victory over Republican Senator John McCain in 2008 with a message of change, said in a low-key email to supporters that he was filing papers to start his re-election bid in a formal way.

"So even though I'm focussed on the job you elected me to do, and the race may not reach full speed for a year or more, the work of laying the foundation for our campaign must start today," he said in the email.

He said he needed to begin mobilizing for his re-election even though it is not yet time for him to begin "campaigning in earnest."

Obama has the luxury of ramping up his campaign slowly, in part because the field of Republicans who will vie to challenge him has yet to take shape. The Obama campaign is expected to raise an unprecedented $1bn (£619.5m).

Several Republicans, including former Massachusetts Governor Mitt Romney and former Minnesota Governor Tim Pawlenty, are laying the groundwork for their own campaigns but none of them has formally announced a candidacy.

Early polls show Obama leading potential Republican rivals. The first scheduled debate of the Republican nominating race was postponed last week from May until September because of a lack of candidates.

Reacting to Obama's announcement, Pawlenty released a 35-second video of his own highlighting high unemployment, weakness in the housing market and surging federal debt.

"How can America win the future, when we're losing the present?" Pawlenty asks in the video. "In order for America to take a new direction, it's going to take a new president."

The state of the economy, which is now growing but faces headwinds from rising oil prices and uncertainty in the global outlook, is likely to be pivotal in the campaign.

The White House received hopeful news on the economy on Friday when data showed that the U.S. unemployment rate fell in March to 8.8%. The figure is still high but it is a two-year low, as employers boosted their payrolls by a solid 216 000.

The ongoing budget fight with Republican lawmakers could be a key issue in the election debate.
The White House and lawmakers are struggling to hammer out details of a compromise measure to fund the government for the rest of this year. It would cut spending by $33bn.

barack obama  |  us economy  |  democrats  |  republicans



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!


Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote