Team Obama Calls Billion-Dollar Campaign Rumors "Bulls**t"

President Obama’s campaign team is pushing back against the notion that they’ll raise more than $1 billion this election cycle.

"People have speculated that this is a billion-dollar campaign – that’s bulls**t," Obama for America campaign manager Jim Messina tells supporters in a new video laying out the president’s path to November victory. (The video bleeps out the BS, but we're guessing you can lip read as well as we can.)

Messina continues: "We don't take PAC money, unlike our opponents. We fund this campaign in contributions of three dollars or five dollars or whatever you can do to help us expand the map, to put more people on the ground, to build a real grass-roots campaign that is going to be the difference between winning and losing."

The campaign video is a clear attempt to motivate Obama backers to donate to the president’s re-election campaign. Despite Messina’s claim that there is no chance that the president will cross the ten-figure mark, many observers have speculated that the one-billion-dollar figure is well within reach given Obama's fundraising chops and the advantage he has as the incumbent. The president raised nearly $750 million during the 2008 election cycle.

Here’s the video: