Campaign Finance

Obama Campaign Outspent, Outraised Romney, Also Spent More Than It Brought In (Familiar?)

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advantage Obama

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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