Obama Campaign Outspends Its Fundraising, Outspends Romney Campaign by 2 to 1.

[MCWAY]

Yet, the race is effectively TIED.....Not much bang for the buck.


Obama campaign's spending outpaces its fundraising

By Fredreka Schouten and Christopher Schnaars, USA TODAY

WASHINGTON – As Election Day approaches, President Obama is burning through campaign money faster than he can collect it — exceeding his spending pace at this stage of the 2008 contest as he expands his field operation and trades combative ads on the airwaves with Republican rival Mitt Romney.


Last month alone, Obama spent nearly $59 million through his main campaign account — $10 million more than he raised, financial reports filed late Monday afternoon show. The cost of his campaign so far: more than $325 million, not counting spending by the the Democratic Party committees aiding his re-election.

By contrast, President Bush had spent $205.4 million to retain the White House at this point in the 2004 election.


The Democratic National Committee also stepped up its spending on the president's behalf last month, burning through $32 million — more than double what the national party spent a month earlier, as it undertook fresh rounds of polling and advertising to help Obama.
The president's new investments included additional staffers. He employed 853 people in July, up from 779 a month earlier, a USA TODAY analysis shows. Romney had 326 staffers on his payroll last month, up from 272 in June.
Obama pumped more than $48 million into advertising last month, more than twice what Romney spent.
The Romney campaign has been on a winning streak when it comes to fundraising, besting Obama and Democrats for three straight months. Romney and his fundraising operation reported collecting $101 million in July, outgunning Obama and his allies by $25 million.
Since then, the Romney camp said it has raised $10.2 million online in the week after Romney's Aug. 11 announcement of Wisconsin Rep. Paul Ryan as his running mate.

Overall, Romney has spent $165.3 million through his main campaign account since the beginning of last year, but he must wait until after he is formally nominated at next week's Republican National Convention in Tampa to draw on his substantial general-election funds. In the interim, he has been helped by super PACs and other Republican-aligned independent groups, which can raise and spend unlimited amounts, but are barred from coordinating their activities with candidates.
The candidates and super PACs aiding them were required to report details of their July fundraising before midnight Monday.
Obama's spending has put increased pressure on his campaign to raise money quickly. In an e-mail to supporters last week, he implored them to give as little as $3 each, saying he was being outspent by Republicans on the airwaves by a 2-to-1 ratio in Iowa. Next week, the hunt for cash heads to Europe where actor George Clooney is scheduled to headline an Obama fundraiser in Geneva.
Other reports filed late Monday highlight the role that a handful of wealthy donors, corporations and unions play in bankrolling super PACs:

•A pro-Romney super PAC, Restore Our Future, reported raising almost $7.5 million in July. The largest donor was Texas homebuilder Bob Perry, who donated $2 million and has given $7 million total. Another $1 million came from the Renco Group, which includes AM General, maker of the military's Humvee vehicle.
Four members of the Lindner family of Cincinnati donated a combined $500,000, while three companies affiliated with the owners of The Villages retirement community in Florida donated a total of $200,000.

•American Crossroads, a Republican-aligned super PAC, raised $7.1 million in July. Texan Robert Rowling was the biggest donor, giving $2 million personally and through his company, TRT Holdings, which owns Gold's Gym International and the Omni Hotel chain.

•Priorities USA Action, a super PAC aiding Obama, lagged behind Republican groups. It raised $4.8 million in July. Donors included Philadelphia real-estate developer Mel Heifetz, who gave $1 million, and New York-based architect Jon Stryker, who contributed $750,000.

•PayPal co-founder Peter Thiel, who spent heavily to advance Texas GOP Ron Paul's president campaign, donated $1 million in July to Club for Growth Action, which has backed upstart, anti-tax candidates in GOP primaries for Congress.

•Two labor unions donated heavily last month to a super PAC working to help Democrats gain seats in the U.S. House. The House Majority PAC took in more than $760,000 in July. The International Brotherhood of Electrical Workers was the largest donor, emerged as the biggest donor to the group, giving $350,000. The International Association of Firefighters gave $250,000.

•Ending Spending Action Fund, a super PAC created by T.D. Ameritrade founder J. Joe Ricketts reported collecting nearly $400,000 last month, most of which came from Ricketts. Ricketts, a billionaire whose family owns the Chicago Cubs baseball team, was at the center of controversy earlier this year when news broke that his political operation was weighing anti-Obama ads that linked the president to the incendiary remarks of his former pastor, Jeremiah Wright. Ricketts said he rejected the proposal.

http://www.usatoday.com/news/politics/story/2012-08-20/obama-campaign-spending-fundraising/57174798/1

[240 is Back]

Yet, the race is effectively TIED.....Not much bang for the buck.

that's one way of looking at it.

another way is that in the midst of a depression and 2 wars, an impotent obama has fended off an attack from an economic wizard and fresh faced likable veep...

He's incurred no damage.  Spent a lot of money - but had brunted that initial attack when romney was fresh with a cool veep - Obama fended off an outstanding attack from a qualified alternative.

What else does romney have in the tank?  what is "round 2"?   we know his positions, we know his veep and it's tied.  Jeb/Christie would be up by 7 points today in evry poll.

[MCWAY]

that's one way of looking at it.

another way is that in the midst of a depression and 2 wars, an impotent obama has fended off an attack from an economic wizard and fresh faced likable veep...

He's incurred no damage.  Spent a lot of money - but had brunted that initial attack when romney was fresh with a cool veep - Obama fended off an outstanding attack from a qualified alternative.

What else does romney have in the tank?  what is "round 2"?   we know his positions, we know his veep and it's tied.  Jeb/Christie would be up by 7 points today in evry poll.

Fended off an attack? Carter had better numbers than Obama, at this point in 1980, and he got CREAMED.

Romney's got plenty left in the tank and it's the Obama camp that's sweating the fact that he's bleeding cash yet getting next to nothing for it. It's to the point where YOU keep floating (and hoping for) Hilary Clinton to try and save Obama's bacon by replacing Biden on the ticket.

Obama was supposed to be a lock, after killing Bin Laden. Romney was the Wall Street guy, and between the Wall Street demonization and the Occupy nuts, this should be a cakewalk.

Yet, Obama is struggling, no matter how much you spin it, 240. You don't outspend someone over 2-1, just to be tied, especially with the historical trend of undecided voters breaking for the challenger.

[Soul Crusher]

Obama's running a horrible campaign that is sloppy, top heavy, and an expensive mess. 

He is outspending  Romney 3-1 or so and has nothing to show for it and once Romney puts the pedal to the meddle after the convention Obama is going to fade even more as he gets more filled with hate, rage, and anchor as he sees his failed presidency slip away.   

[240 is Back]

He is outspending  Romney 3-1 or so and has nothing to show for it   

romney outspent santorum 6 to 1 and barely scraped by.   THe result is all that matters -

And so far, the economic whiz in a Depression is tied.  Brutal underachieevment.

[Dos Equis]

Obama's running a horrible campaign that is sloppy, top heavy, and an expensive mess. 

True.  Things are going to get even worse. 

[Dos Equis]

romney outspent santorum 6 to 1 and barely scraped by.   

lol

[Fury]

Obama's running a horrible campaign that is sloppy, top heavy, and an expensive mess. 

He is outspending  Romney 3-1 or so and has nothing to show for it and once Romney puts the pedal to the meddle after the convention Obama is going to fade even more as he gets more filled with hate, rage, and anchor as he sees his failed presidency slip away.   

It's pretty embarrassing. And that refers to both Obama and his sycophantic lap dogs who are doing everything they can to get the attention off the atrocious economy.