President Obama may end up becoming the boy who cried wolf in his “I will be outspent” fundraising campaign. Documents filed with the FEC show the Obama campaign raised $46 million in June but spent $58 million. The Romney campaign raised less but was also fiscally disciplined, raising $33 million and spending $27.5 million. The Obama campaign also has more cash on hand, $97.5 million to the Romney campaign's $22.5 million. Earlier this month, the Romney campaign said it had raised more than $100 million along with the RNC in June while the Obama campaign said it and the DNC had raised $71 million.
Where has all that spending gotten the campaigns? A CNN/Opinion Research poll at the end of May had Obama at 49 percent and Romney at 46 percent and a CNN/Opinion Research poll at the end of July had… Obama at 49 percent and Romney at 46 percent, giant douche vs. turd sandwich polling territory.
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