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Once again Mitt Romney’s team has managed to raise significantly more in donations than President Obama’s campaign during the last month. According to the two campaigns, Romney’s side brought in roughly $25 million more in July than Obama did for his election effort.
The Romney campaign today claimed it raised $101.3 million in July for Romney for President, Romney Victory, and the Republican National Committee. By comparison the Obama campaign tweeted that they had brought in only $75 million last month, although the Obama team did try to stress their small donor focus, pointing out that they received donations from 761,000 individuals.
This is now the third straight month that the Romney team has managed to raise more money than the Obama team, and there is little reason to believe the trend will stop. During both the primary and general election in 2008 Obama was famous for his incredible fundraising prominence, but this year Romney clearly has him beat.
These totals for July only reflect the money that was raised directly by the political campaigns and parties. There are large amounts of money pouring into several Super PACs. While technically not connected to the candidate, they are set up and run by close allies of the candidates. Indications are that the Republicans also have a clear fund raising edge when it comes to this outside money as well.
From simply a campaign resource perspective Obama will probably be at a noticeable disadvantage this election.
13 Comments
Yes, however, he is the incumbent.
Every time he makes an official appearance, he defeats Romney. Obama, for better or worse, is the current POTUS. That has typically meant something in presidential elections. For one thing, it’s free campaign time – no one has to pay for that (not the DNCC, not PACs, not anyone).
I’m rather hoping he wins (and am renewing my registration after a move today), just so he can thumb his nose at all the naysayers.
I heard somewhere, I think on the Young turks show, that the person with the most money wins like 99% of the time. I dont think this bodes well for the president.
After eight years of Cheney/Bush Crime Family, Oilbomber, with majorities in both houses, had a mandate for believable Change.
If significant believable change had occurred, which aided working people and the Poor, no one could touch Oilbomber no matter how much money they had.
This is self-induced. Beginning with TARP, failed foreclosure cures, expanded wars, new contracts for Eric Prince, drones, evisceration of civil rights, job outsourcing, tax cuts, big oil whoring, failure to signficantly pursue green energy, Reagan worship, FDR blackout, Trickle-down Milton Friedman Chicago School Economics..the crap Health Insurance Reform (nee Health Care Reform) which drove the D Party mid-term wipe out…
Had he gone big on any two cures, Oilbomber would be a shoo in.
Ergo, he is Oilbomber.
Srlsy. The laundry list of reasons for me continuing to refuse donations of any money to any Democratic candidate, up ticket or down, grows daily. If I were a conservative Republican, on the other hand, there’s no reason not to give those candidates monetary support as they’re getting everthing they could possibly dream of from their party. But here we are, wishing in one hand and, well . . . you know what’s filling up the other hand.
OTOH, even money can’t turn a sow’s ear into a silk purse.
Please! My mind is made up. Don’t confuse me with the facts! :)
Speaking of getting everything they want:
Many Republicans voters whom are not wealthy, require nothing from their candidates other than the intangible sentiments offered by the Party.
Family Values – closeted gays, abortionists, drug users, paeds, adulterers, boozers and philanderers within the Party are ignored or forgiven. Simply uttering the phrase “Family Values” indicates sufficient tribal association.
A mythical return to a bygone era – the 1950′s where women, gays, Mexicans and blacks “knew their place”.
Conceptual “Belief in America” – satisfied by their candidate’s uttering of the phrase. America is number one in everything in spite of any and all evidence to the contrary.
Christianity: the fallacy that “America is a Christian Nation”. This is an obstacle for Romney. Thus far, the MSM is helping him to avoid the topic. Have you noticed?
Belief that “The Government” aka “Big Gubmint” is the problem. If only the gubmint would “get out of the way”, all Americans* could prosper.
*white Americans. aka the original settlers. /S
Somewhat unfair.
ha
He pursued when he bet half a Billion on a nag named Solyndra.
You make the Republicans sound reasonable when you say they ignore or forgive gays, abortionists, drug users, paeds, adulterers, boozers and philanderers.
And what’s the Dems alternative position? The party of gays, abortionists, drug users, paeds, adulterers, boozers and philanderers? You seem to be throwing some babies out with the bath water.
I know the press and President Obama’s camp keep saying that the GOp and Romney are out fundraising them! The world is going to end! and so on, but the actual facts are that President Obama, is and has been, raising more money than anyone in the history of the world for his final campaign.
Here are the actual numbers:
President Obama and DNC = $627 million.
Romney and the RNC = $495 million
President Obama is $132 ahead of Romney and President Obama can actually spend his money now! which he’s been doing at a fast pace. Romney can Not spend his money until after he is officially nominated by the GOP in late August.
Romney will not raise more money than President Obama, it’ll be close, but the President will be ahead by $30 or $40 million.
I believe he’ll even use deficit spending on his campaign in the final 30 days to continue to out spend Romney.
I know you’re thinking yeah, but what about the Super PACs the GOP is way ahead in the Super PACs race. True, but it’ll be very close in the end, closer than $30 million, so the Dems will out spend the GOP in this election.
clearly we’ll see this round if elections have a money saturation point after which additional money doesn’t do any good. I would guess their would be such a point for high profile individual races such as POTUS (I would think there is a point at which people get fed up with endless negativity from one side interrupting their tv stupor). But one side having what amounts to infinite dollars to throw around on national, state, and local races across the country would seem to be the end of democracy in the US.
It doesn’t matter in the least which of the pro-war, union busting, racist bigots in the race, Romney Rethug or Demorat Obama, wins.
Whichever wins, working people, people of color, women, LGBT folks, GI’s and civilians from Morocco to Indonesia lose.
$3 billion is going to be spent this year persuading people that there is a life-or-death difference between (+6, +6) and (+7, +6.5).
It would be funny if it weren’t so tragic.