Team Obama raises $75 million in July …

posted at 10:41 am on August 6, 2012 by Ed Morrissey

You have to hand it to Team Obama.  What they lack in competitiveness, they provide in, er … brevity:

That was today’s big announcement from Team O on combined fundraising with the DNC.  That number is an improvement on June’s fundraising total of $71 million, but it’s still $26 million shy of the total fundraising announced by the Mitt Romney campaign and the RNC — the third month in a row that the Republican challenger has outraised the Democratic incumbent.

The Washington Post report gives a hint as to why Team O isn’t exactly shouting from the rooftops:

The gap is slightly smaller than it was in June, when Romney raised $106 million and Obama brought in $71 million, but it’s the second-straight month that Romney has pulled in nine figures and the third-straight month he has outraised the incumbent president. …

Romney’s campaign said the three combined had $185.9 million in the bank at the end of July; Obama’s team did not announce a cash on hand figure.

At the start of July, Romney had $170 million on hand, compared to $144 million for Obama, whose campaign has spent heavily on ads early in the general election campaign. Just three months before, Obama had a $90 million edge in cash on hand.

I’m going to guess that their cash-on-hand position is significantly worse than it was last month — which is why they’re not talking about it.  Team O has blown its cash advantage over the last four months, the New York Times reports, in an unprecedented attempt to score an early KO.  Unfortunately for Obama, that effort seems to be backfiring badly:

But now Mr. Obama’s big-dollar bet is being tested. With less than a month to go before the national party conventions begin, the president’s once commanding cash advantage has evaporated, leaving Mitt Romney and the Republican National Committee with about $25 million more cash on hand than the Democrats as of the beginning of July.

Despite Mr. Obama’s multimillion-dollar advertising barrage against Mr. Romney, he is now being outspent on the airwaves with Mr. Romney benefiting from a deluge of spending by conservative “super PACs” and outside groups. While Mr. Romney has depleted much of his funds from the nominating contest, he is four weeks away from being able to tap into tens of millions of dollars in general election money. And many polls show the race to be very close.

Mr. Obama’s cash needs — he spent $70.8 million in June alone, more than half on advertising and far more than he raised — have brought new urgency to his campaign’s fund-raising efforts. His advisers have had to schedule more fund-raising trips than originally planned to big-money states like New York, according to donors involved in the effort. The super PAC supporting his campaign, Priorities USA Action, is enlisting former President Bill Clinton as a rainmaker, hoping to counter its conservative counterparts.

While Mr. Obama will also have access to general election money in September, he is unlikely to have the same spending advantage over Mr. Romney as he had during the primary season, when Mr. Romney spent much of his money battling Republican rivals.

Most of the money Romney is raising now, if not all of it, is general-election cash.  He has been limited in his advertising buys by the relative lack of primary funds, the only cash he can spend until the convention formally nominates him on August 31st.  Obama’s cash on hand figures counts both primary and general-election cash, which makes the gap even more significant.

In September, this race changes in a big way.  Team Obama planned to have Romney already counted out early, but it’s starting to look like they’re playing the part of George Foreman in the Rumble in the Jungle.


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It’s a July campaign donation landslide win for Romney. The landslides just keep piling up.

Dusty on August 6, 2012 at 12:46 PM

Romney 356/182 electoral, 55/44 popular.

jukin3 on August 6, 2012 at 11:55 AM

I like how you think, My guess is 53-47 popular vote, 316-222 electoral…

RedInMD on August 6, 2012 at 12:55 PM

Now where are all the brilliant analysts who stated that Obama will have a billion dollars to spend??

right2bright on August 6, 2012 at 1:01 PM

Romney’s campaign said the three combined had $185.9 million in the bank at the end of July; Obama’s team did not announce a cash on hand figure.

Why won’t he release his financial figures?!? What is he trying to hide!???????!?!!!11!!!

KS Rex on August 6, 2012 at 1:05 PM

Campaign finance limits are inapplicable to Democrats. You can be sure that Buraq is not going to be bound by the Federal financing law, just as he was not bound in 2008. And the current figures do not count in the illegal foreign contributions that we know he has taken before and have to assume he is taking now.

Romney, on the other hand, is almost sure to pull a McCain, and let the Federal government control how much he spends.

If you add in domestic illegal contributions to Obama; either extorted from financial corporations and government-owned industries, and/or probable illegal transfers from the Treasury, he does not have to worry about the money side. Just the illegal vote and the Conservative vote suppression side of the election.

Keep in mind that the figures for the last 3 months of election spending are not reported until well after the election. And that the rule of law no longer applies in this country. If Obama wins, there is no chance of any prosecutions for any laws he has broken. If Romney wins, like all Institutional Republicans, he would not conceive of being “mean-spirited” enough to hold the Democrats to any law. And Obama knows it.

I don’t expect to win the real money race, because Obama and the Democrats are criminals with track records of illegal contributions. IF there are elections, the only way Obama can be defeated will be massive public disgust with him far beyond the margin of the vote fraud that will take place.

Subotai Bahadur

Subotai Bahadur on August 6, 2012 at 1:15 PM

I keep hearing about this massive spending by pro-Romney SuperPACS, but I live in the Phila. media market and have seen the one ad with Kristi Yamaguchi, twice. The Obama ads are everywhere. Apparently commenters in other swing areas say the same?

Go RBNY on August 6, 2012 at 1:36 PM

Team Obama planned to have Romney already counted out early, but it’s starting to look like they’re playing the part of George Foreman in the Rumble in the Jungle.

‘cept alternative media is preventing the MSM’s “rope-a-dope”….and Romney punched back early and never stopped.

The Narcissist Messiah is done, he knows it, and he’s fuming.

Tim_CA on August 6, 2012 at 1:45 PM

No wonder that 0bama wants to be able to turn of the Internet in times of emergency…his fundraising emergency?

ProfShadow on August 6, 2012 at 2:02 PM

Go RBNY on August 6, 2012 at 1:36 PM

I’ve seen more Romney ads than the loser’s here in NC. Ads from Mitt’s PAC and from Crossroads GPS (Rove’s). They’ve been good. Some featuring a lot of people staring grimly as PBHO flaps his gums. Others a little softer saying, “He tried. You tried. It’s OK to make a change.”

MJBrutus on August 6, 2012 at 2:41 PM

Hooray! because of ‘barry the idiots’ Keynesian economics, where every dollar the messiah raises multiplies manifold, he really raised a million billion dollars so there!
/sark

keithofboston on August 6, 2012 at 3:15 PM

When campaigns make an ad-buy, where does the money actually go? Is it simply to the major networks and their local affiliates? Sure would be nice to not have to give the media that much money to hire more liberal news commentators. Just sayin.

weaselyone on August 6, 2012 at 3:27 PM

I like how you think, My guess is 53-47 popular vote, 316-222 electoral…

RedInMD on August 6, 2012 at 12:55 PM

In a more realistic scenario and based on a prediction model I made for the swing states, it would be Romney EV count would range from 272 to 295… I doubt he will be over 300. The popular vote would be Rombey 50.5% and Obama 48.5%…

mnjg on August 6, 2012 at 3:39 PM

I keep hearing about this massive spending by pro-Romney SuperPACS, but I live in the Phila. media market and have seen the one ad with Kristi Yamaguchi, twice. The Obama ads are everywhere. Apparently commenters in other swing areas say the same?

Go RBNY on August 6, 2012 at 1:36 PM

I think that Romney chances of winning Pennsylvania are very slim. For Romney to win Pennsylavnia, and based on a prediction model I made, then approximately 23% of the WHITE voters who voted for Obama in 2008 in Pennsylavania need to swtich and vote for Romney in 2012… That is an extremely hard thing to happen… The same analysis goes for Michigan…

mnjg on August 6, 2012 at 3:44 PM

Awww, surprise, the destitute moochers are destitute..time for more entitlements, so they can reward their plantation masters with ‘their’ cash….sheesh, it’s the taxpayers’ cash actually, but for PC reasons we can’t call it that, we can’t use profanities such as the ‘T’ word :)…we shall replace it with the more acceptable term ‘the government’ :)…

jimver on August 6, 2012 at 3:58 PM

mnjg, have you taken into consideration the expected reduced turnout of D’s-particularly blacks and the youth? Also, do your models use the enthusiasm gap between R’s and D’s-which I believe is around 12%.

Ta111 on August 6, 2012 at 4:29 PM

What ever happened to that BILLION dollar campaign of Barry’s?

GarandFan on August 6, 2012 at 9:16 PM

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