Amid a fractured economy and fickled job market, President Obama outpaced fundraising projections to raise $86 million for his re-election campaign and the Democratic Party over the last three months.

Between April 1 and June 30, Obama garnered more than $47 million for his Obama for America campaign and an additional $38 million for the Democratic National Committee, which will assist with advertising efforts and voter engagement.

His campaign team had expected to raise just $60 million.

โ€œThis should end any Washington chatter about whether our grassroots base will be engaged,โ€ Obamaโ€™s campaign manager Jim Messina said, according to USA Today. โ€œOur people are back and energized, and thereโ€™s a new generation of supporters who have joined our organization.โ€

More than 550,000 supporters donated to Obamaโ€™s campaign during the second quarter, a hefty increase from the 180,000 who contributed during the same time period in 2007. The president brought in a total of $750 million over the course of his 2008 presidential campaign.

The figures, released July 13, show the president is still a strong opponent for Republicans who plan to challenge him in 2012. Collectively, Republican candidates raised $35 million.

But political analysts say the sluggish economy remains embedded in the minds of most Americans.

โ€œHe can claimโ€ฆhaving been president during the end of the Great Recession, but the challenge to the Obama campaign is how to convince voters that he’s responsible for making things better,โ€ Charles Franklin, a political scientist at the University of Wisconsin, told USA Today. โ€œItโ€™s a hard argument to say, โ€˜I kept it from being a lot worse.โ€™โ€

Of his Republican challengers, former Massachusetts Gov. Mitt Romney generated the most donations, with $18 million. Former Minnesota Gov. Tim Pawlenty and Utah Gov. John Huntsman followed with $4.2 million and $4.1 million, respectively. Minnesota Rep. Michele Bachmann has not yet reported her fundraising totals for the quarter.