Obama has a lot more campaign money than Romney

The lie needs to be put to the very idea that President Obama might be outspent during the 2012 election. Nobody knows how much the candidates and campaign will raise in the weeks ahead, but, so far, the numbers are pretty clear. To date, the Democratic National Committee, the Obama campaign and Obama super PACs have raised $471,400,000. This does not include at least $400 million that the labor unions have pledged to spend on Obama’s behalf. The Romney campaign, Republican National Committee and Romney super PACs have raised $264,223,126 — and much of that was spent during the Republican primary contest.