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President Obama could spend as much as $1 billion on reelection bid
By: Bill O'ReillyApril 4, 2011
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STORY EXCERPT
Guardian: Barack Obama has formally launched his campaign for re-election to the White House next year, hoping to raise a record-breaking $1bn (£620m) in funds as the Republicans struggle to find a clear challenger for the presidency. Obama made the announcement in an email that reached out to disenchanted Democrats whom he needs to campaign for him even though they feel he has been insufficiently progressive.
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