President Obama Donates To His Campaign

Of course he needs money he's blowing through it on attack ads faster than it's coming in.

Obama’s campaign is burning through its money at a faster rate than the Romney team.

The Obama campaign spent twice as much as the Republicans in June.

The incumbent’s campaign purchased more TV ads, paid more than twice as many employees as Romney and spent millions of dollars on public opinion polls, according to FEC filings.

In May and June combined, the Obama campaign spent 20 percent more than it took in, records show.

The Wall Street Journal reports “some Democrats worry that the overhead built by the Obama camp over the past 15 months will prove impossible to sustain. Unless fundraising picks up, the Obama campaign may enter the season’s final stretch confronting hard choices: paring salaries, scaling back advertising or pulling out of swing states in a bid to control costs, these Democrats say.”

In an interview with USA Today, Democratic strategist Mark Mellman said 80 percent of advertising dollars are probably wasted, but there is no way to know it is a waste until the campaign is over.

Of course, the Romney campaign is delighting in its fundraising advantage. One incredible fact of this 2012 campaign is that, without spending a dime on ads in swing states, the Romney campaign can still compete because of ads being paid for by pro-Romney super-PACs.

“You don’t want to be caught flat-footed and unable to close out a campaign,” Romney pollster Neil Newhouse told USA Today. Indeed. Team Obama is already screaming for help from past donors to stave off any October shock.

But will Democrats who once heard that the president might raise $1 billion for this campaign be convinced he is not playing the Shepherd Boy — who cried wolf so often that people stopped believing his calls for help.

Right now the numbers show there really is a wolf at the Democrats’ door in the form of surging GOP money.