While the Romney campaign and the Republican National Committee outraised President Obama and the Democratic National Committee for a three month streak starting in May, Democrats managed to turn things around in August. According to campaign finance reports released on Thursday, the Romney campaign kicked off September with $50 million cash on hand and a loan to repay, compared to President Obama's $87.7 million. The Washington Post reports that Romney raised $67 million in August, but spent about the same amount on advertising and building its campaign organization. While Romney isn't exactly strapped for cash, the numbers aren't encouraging.
The news from the main pro-Romney super-PAC was even worse. Restore Our Future spent $21.2 million in August, but it ended the month with only $6.3 million in cash. According to Reuters, the pro-Obama Priorities USA super-PAC ended the month with $4.8 million in the bank, but August was its best fund-raising month yet, with $10.1 million raised."
The AP:
At the end of August, President Obama had about $88.8 million to spend on the final months of the campaign, nearly twice as much as Republican rival Mitt Romney, according to campaign fundraising reports released Thursday.
In another story detailing campaign expenditures, the NYTimes has this paragraph certain to be repeated all day on the talk shows as a perfect example of Romney's Bain-taining his campaign:
Another set of expenditures is likely to draw grumbles from Mr. Romney’s allies given his campaign’s current struggles: The day after accepting the Republican nomination, Mr. Romney gave what appeared to be $192,440 in bonuses to senior campaign staff members. At least nine aides received payments on Aug. 31 well in excess of their typical biweekly salaries, including $25,000 each for Matthew Rhoades, the campaign manager; Lanhee Chen, a policy adviser; and Katie Biber, the general counsel. Rich Beeson, the political director, received $37,500."
The AP:
At the end of August, President Obama had about $88.8 million to spend on the final months of the campaign, nearly twice as much as Republican rival Mitt Romney, according to campaign fundraising reports released Thursday.
In another story detailing campaign expenditures, the NYTimes has this paragraph certain to be repeated all day on the talk shows as a perfect example of Romney's Bain-taining his campaign:
Another set of expenditures is likely to draw grumbles from Mr. Romney’s allies given his campaign’s current struggles: The day after accepting the Republican nomination, Mr. Romney gave what appeared to be $192,440 in bonuses to senior campaign staff members. At least nine aides received payments on Aug. 31 well in excess of their typical biweekly salaries, including $25,000 each for Matthew Rhoades, the campaign manager; Lanhee Chen, a policy adviser; and Katie Biber, the general counsel. Rich Beeson, the political director, received $37,500."
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