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Obama campaign spends more than it takes in for June, trails Romney again in fundraising. What is that telling you?

MarinerFH 2012/07/22 18:12:58
Obama is losing financial support because donors are disenchanted
Romney gaining financial ground because he is looking like a winner
Neither. I think...
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Looks like Obama's Deficit Spending Spree has extended to his campaign. He is badly trailing Romney in Fund Raising. What do you think this means regarding the November Election.

This is the June 19th article from the Washington Post:

WASHINGTON — Amid a heavy barrage of advertising by opposing “super” political groups, President Barack Obama’s re-election campaign spent more than it collected in June. While outraised again by Republican Mitt Romney, Obama ended the month with a hefty $97.5 million in the bank.

June was the second consecutive month in which Romney brought in more money than Obama, finance reports filed Friday show. Romney’s money advantage prompted Obama’s campaign advisers to warn earlier this month that the president could lose the election if the financial disparity continued.

Obama tried to answer the super PACs supporting Romney by spending $38.2 million on television advertising. Romney spent less than a third of that — $10.4 million — on TV time.

Romney’s campaign nearly doubled its spending in June compared with the previous month, underscoring the close proximity of the November general election in which Republicans hope to unseat Obama and, in part, dismantle the president’s signature health care overhaul.

Much of Romney’s financial advantage — he raised $106 million last month with the help of the Republican Party — came from larger donations in a handful of battleground states. Those included Florida, where the Romney Victory Fund pulled in about $4.4 million in individual contributions, records show.

Competing fiercely to keep the presidency, Obama reported more than $46 million in June and total spending of $58 million. The Democratic Party reported $37.5 million in the bank.

Romney, during the same period, reported receipts of $33 million and spending of $27.5 million for June. The challenger’s cash on hand was almost a mirror image of Obama’s and the DNC’s, as Romney reported $22.5 million in the bank and the Republican National Committee said it had $89.4 million.

Romney retains a vast advantage overall when super PACs working in the former Massachusetts governor’s favor are factored in. Groups like American Crossroads and Restore Our Future have already spent tens of millions of dollars on pricey television ads to either attack Obama or specifically promote Romney’s candidacy.

Wealthy, repeat donors are helping independent Republican groups maintain their financial strength. They include casino mogul Sheldon Adelson and his wife, Miriam, who donated a combined $10 million last month; and Texas homebuilder Bob Perry, one of the largest GOP super PAC donors, who gave another $2 million on June 1.

For Obama’s part, a handful of super PACs helping his re-election pulled in a combined $25 million in June. Those contributions included a $1 million contribution to Priorities USA Action from actor Morgan Freeman, who joined a list of Hollywood figures like Steven Spielberg trying to help Obama secure a second term.

Beyond the dollar amounts, the president’s campaign released an updated list of big-dollar fundraisers, known as “bundlers,” who have collected at least $50,000 toward his re-election. Obama named 638 bundlers, adding 106 more to his total earlier this year. Romney does not list his bundlers, even though he has received repeated calls during the campaign to identify them.

Both candidates enjoyed a wide swath of contributions from all 50 states and the District of Columbia, although Romney’s financial reports listed higher dollar amounts in key battleground states like Florida, Michigan and New Hampshire. Meanwhile, Obama tends to receive more contributions dollar-wise from donors who give less than $200; such small amounts do not have to be reported to the Federal Election Commission.

Read More: http://www.washingtonpost.com/politics/obama-spend...

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  • Michaelene 2012/08/11 15:38:09
    Obama is losing financial support because donors are disenchanted
    Michaelene
    Not even his beloved Oprah wants anything to do with him!
    Hypocrites like Beyonce and Jay Z still give him money even though they want to be paid in Euro's!
    Obama's spending his campaign money like he spends our tax dollars, ALWAYS in the red. This hustler has lost his hustle!
  • marylou5 2012/07/27 17:36:23 (edited)
    Romney gaining financial ground because he is looking like a winner
    marylou5
    +1
    The dew is off the pumpkin?

    Ask a farmer if you don't get it that all vegetables look better when wet because it hides the rot underneath!

    NOBAMA 2012
  • Suzie1001 2012/07/24 18:49:17
    Obama is losing financial support because donors are disenchanted
    Suzie1001
    +2
    Maybe people are seeing him for what he is.
  • Bevos 2012/07/24 15:28:02
    Romney gaining financial ground because he is looking like a winner
    Bevos
    +1
    I would have said Both if that would have been available. I think if there is money for Obama to spend he is going to spend it. He does not care what on or if there will be more. According to his Phsychiatrist, he just can't help himself. He believes the money was put there for his benefit only!!!
    And I might add, Obama as usual is spending MORE than he is taking in. Sounds like more of the same to me!!!
  • maggiemay 2012/07/24 13:49:27
    Obama is losing financial support because donors are disenchanted
    maggiemay
    +2
    Nothing surprising here. Look how much tax payer money he has burned through.

    Then there is the old saying "Don't bite the hand that feeds you."
  • Texas Gal 2012/07/24 12:00:18
    Obama is losing financial support because donors are disenchanted
    Texas Gal
    +2
    Thankfully, I believe BHO supporters are beginning to see the light.
    we the people
  • uguess 2012/07/23 20:13:09
  • Temlakos~POTL~PWCM~JLA~☆ 2012/07/23 20:12:26
    Romney gaining financial ground because he is looking like a winner
    Temlakos~POTL~PWCM~JLA~☆
    +2
    And Obama burning through his money as if there's no tomorrow because he's worried that there might not be a tomorrow.
  • MarinerFH Temlako... 2012/07/23 21:24:45
  • No nons... MarinerFH 2012/07/23 23:44:20
    No nonsense NanC...don't BS me!
    +3
    $38+million in TV ads alone.................. Wow, and it is only July.
  • Red Branch No nons... 2012/07/30 02:01:11
    Red Branch
    +1
    His goal is to raise $1 billion for the campaign.
  • No nons... Red Branch 2012/07/30 15:05:01
    No nonsense NanC...don't BS me!
    +1
    Yes, and how much of that do you think he has raised? He is begging
    weekly with some lottery gimmick begging people to send in just $3-$5
    to have coffee with VP Biden or get an autographed picture
    of his official birthday picture. How many people are going to request
    their friends send a donation to 0bama instead of buying them a
    birthday or wedding present?

    Desperate, and he is spending money like he already has that $billion.
    Maybe he has a slush fund via the $800 stimulus........LOL, but that isn't
    so far fetched considering his moral record.
  • Red Branch No nons... 2012/07/30 17:35:41
    Red Branch
    +1
    I would say that it is another carefully released lie. I forget the estimates on what he has raised.
    American loves the underdog and he is after sympathy and votes. Soros, Lewis and others will make up the difference later on.
  • No nons... Red Branch 2012/07/30 17:51:59 (edited)
    No nonsense NanC...don't BS me!
    +1
    You got that right!

    " it is another carefully released lie"

    Are you referring to the act of "Ta-Ta-Taqiya"............?
    He seems to be well versed in that concept........

    obama goebbles the big lie
  • texasred 2012/07/23 19:43:13
    Neither. I think...
    texasred
    +4
    I don't trust Obama, Axelrod or any of that bunch of criminals to tell the truth. They've probably got donations in an offshore account somewhere! LOL
  • MarinerFH texasred 2012/07/23 21:25:08
  • Red Branch texasred 2012/07/30 02:00:47
    Red Branch
    +1
    He has George Soros and ___ Lewis (Progressive Insurance) backing him, plus others.

    American loves the underdog and I believe this is a strategy to gain sympathy (votes) because he is being victimized.

    He is losing popular support, but I doubt that money is an issue.
  • texasred Red Branch 2012/07/30 21:23:49
    texasred
    +1
    Yep... that's exactly how I feel!!
  • Maynard 2012/07/23 11:53:03
    Neither. I think...
    Maynard
    +4
    It tells me that even the COMMIES AROUND THE WORLD HAVE GIVEN UP ON HIM.

    No foreign donations like last time, whch was ILLEGAL.
  • MarinerFH Maynard 2012/07/23 17:37:13
  • marylou5 Maynard 2012/07/27 17:42:43
    marylou5
    +1
    Or maybe OBAMA is hiding it better??? Am I a cynic or what?
    He LIES so his supporters will give more so he'll have a bigger retirement fund in 2012?
  • Red Branch marylou5 2012/07/30 02:02:48
    Red Branch
    +1
    I doubt he is hiding funds, but I believe your last sentence.
    Soros and others will help out as much as necessary.
  • Kane Fernau 2012/07/23 03:09:20
    Obama is losing financial support because donors are disenchanted
    Kane Fernau
    +2
    No wonder Obama hates American business, if you ran a business spending more than you take in Obama would have gone bankrupt before he completed his first year in business.
  • MarinerFH Kane Fe... 2012/07/23 03:10:22
  • Chokmah 2012/07/23 02:23:28
    Obama is losing financial support because donors are disenchanted
    Chokmah
  • Roger 2012/07/23 01:52:37
    Neither. I think...
    Roger
    +2
    People see how dumb obama really is.
  • MarinerFH Roger 2012/07/23 02:05:02
  • Roger MarinerFH 2012/07/23 15:43:00
    Roger
    +1
    Billion dollars? He has barely raised 10 million
  • Bevos Roger 2012/07/24 15:31:00
    Bevos
    +2
    He spent $58 million in one mo.
  • Roger Bevos 2012/07/24 16:55:48
    Roger
    +1
    lol that is our money not the money he raised
  • CG 2012/07/23 00:17:58
    Neither. I think...
    CG
    +1
    Obama would never spend more than he takes in. lol
  • MarinerFH CG 2012/07/23 02:03:56
  • dominic garcia 2012/07/22 23:58:32
    Obama is losing financial support because donors are disenchanted
    dominic garcia
    +3
    He is losing democrat supporters left and right because they have seen that Obama does more for other countries than he does for America. He was supposed to be the savior, not the destroyer!
  • WinterLynn 2012/07/22 23:43:31 (edited)
  • MarinerFH WinterLynn 2012/07/22 23:46:41
  • WinterLynn MarinerFH 2012/07/22 23:51:20 (edited)
  • MarinerFH WinterLynn 2012/07/22 23:56:29
  • WinterLynn MarinerFH 2012/07/23 14:28:07
  • MarinerFH WinterLynn 2012/07/23 17:37:50
  • WinterLynn MarinerFH 2012/07/23 21:08:36

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