Tags: Romney | cash | Obama | PACs

Obama Camp Concedes: Romney Will Raise More Cash Than Us

Thursday, 21 Jun 2012 11:35 AM

By Jim Meyers

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republican presidential candidate Mitt Romney surged ahead of President Barack Obama in fundraising for the first time last month — and a senior Obama adviser concedes that Obama will be the first incumbent president to be out-raised by his opponent.

Romney’s campaign and the Republican Party together raised more than $76 million in May, according to filings with the Federal Election Commission, while Obama and the Democrats brought in $60 million.

Obama campaign officials predict that Romney will also outdo Obama and the Democrats in June with a $100 million haul.

“I think Romney is going to continue to have big months,” an Obama campaign official, speaking on condition of anonymity, told reporters. “Combine that with the Super PAC stuff, and we are going to be the first incumbent outspent. That’s clear.”

Senior advisers in the Obama campaign told The New York Times that Romney and groups supporting him will spend $1.25 billion on television advertising.

“Republicans are betting they can win this thing on the air,” one adviser said. “Make no mistake, we will be outspent.”

On Wednesday, Romney enjoyed what campaign officials described as his single best day of fundraising yet, taking in between $6 million and $8 million during a swing through Michigan.

"Michigan has been great," John Rakolta, a national finance co-chair of Romney's campaign, told attendees during a fundraiser Romney headlined in Troy. "Today we will exceed every single event that has been held for Gov. Romney from the beginning of the campaign. So we have set a new record tonight in terms of fundraising."

Disclosures posted late Wednesday indicate that American Crossroads, a Super PAC formed by veteran GOP strategist Karl Rove, raised $4.6 million in May, while another Super PAC backing Romney, Restore Our Future, brought in $8 million.

Restore Our Future received a $10 million pledge in June from Las Vegas casino magnate Sheldon Adelson, who had supported Newt Gingrich for the GOP nomination, The Times reported.

The Obama campaign filed a complaint on Tuesday with the Federal Elections Commission demanding that Crossroads GPS, affiliated with American Crossroads, disclose its donors.

A spokesman for Crossroads responded by noting that Priorities USA, a Super PAC backing Obama, also has a sister organization that does not disclose its donors.

Obama’s campaign reportedly spent more than it took in last month, and some observers said the campaign’s prediction of a huge $100 million fundraising haul by Romney in June could be designed to prod Obama supporters to boost donations.

“By suggesting that Romney and the Republican National Committee will be ahead again in June and attaching a whopping figure to that forecast, the Obama campaign may be setting up Romney for a perceived failure if he does not reach that number, while softening the blow in advance if Obama’s figures turn out to be lackluster,” Reuters reported.

The Romney campaign dismissed the $100 million prediction.
“The Obama campaign is used to moving the goalposts,” said spokeswoman Andrea Saul.

Romney is hosting a retreat in Utah this weekend for contributors who raised tens of thousands of dollars for his campaign. Among the political luminaries expected to attend are former Florida Gov. Jeb Bush, and former Secretary of State Condoleezza Rice.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Immigration Official: Agency 'Going to Be Ready' for Obama Orders

Tuesday, 21 Oct 2014 23:37 PM

The Obama administration is readying executive orders that would benefit as many as 11 million illegal immigrants in the . . .

Report: Leon Panetta's Memoir May Have Violated Secrecy Pact

Tuesday, 21 Oct 2014 23:22 PM

Former CIA director Leon Panetta clashed with the agency over his hard-hitting memoir "Worthy Fights," and let the publi . . .

Report: Opium Trade Booming in Afghanistan

Tuesday, 21 Oct 2014 23:07 PM

A new report claims Afghanistan's opium trade is booming despite more than $7 billion in American efforts to slow down t . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved