Will President Obama be the first billion-dollar man?He raised and spent $750 million in the 2008 campaign, and there is already speculation that the cash-collection operation for his 2012 reelection bid will crest the once-unimaginable sum of $1 billion raised. (That's a one and nine zeros. Nine!)"It's not unrealistic at all, given the amount raised and spent in 2008 and the amount Republican interest groups and 527s will spend against him," said a former Obama administration official.
Source: http://www.realclearpolitics.com/2010/12/13/obama_may_spend_1_billion_on_reelection_bid_247241.html
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