Obama’s Fundraising Advantage May Prove Fleeting

Wednesday, 21 Mar 2012 11:41 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama may have a big fundraising advantage over his Republican opponents so far, but there is strong evidence this advantage may not last. That evidence includes campaign finance reports for February, which were released Tuesday, Politico reports.

It’s no wonder, then, that the Obama campaign is worried about the financial clout of GOP front-runner Mitt Romney, despite the fact that is has more than $94.2 million in cash reserves among its various committees, while the former Massachusetts governor has only $7.3 million.

Among developments helping the Republicans is that their big-money outside groups have generated a lot more cash than their Democratic competitors, Politico reports. In addition, Obama has proven unable so far to bring home the bacon at the historic rate that he set in 2008. Moreover, the president is increasingly feeling the need to attract big donors, an area where the GOP has established its dominance.

In February, Romney’s campaign came close to matching Obama’s in fundraising, raking in $11.5 million, compared to Obama’s $14.8 million, according to reports filed with the Federal Election Commission, according to Politico. And Romney didn’t have to contribute any of his own money as he did in 2008.



© 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

Former Conn. Gov. Rowland Found Guilty of Campaign Law Violations

Friday, 19 Sep 2014 15:40 PM

Former Connecticut Governor John Rowland violated U.S. election laws by taking under-the-table payments from a business  . . .

Rubio Distances Himself From Cruz, Paul

Friday, 19 Sep 2014 13:21 PM

U.S. Senator Marco Rubio further separated himself from other potential Republican presidential contenders in his chambe . . .

Rubio Breaks Again From Cruz, Paul by Backing Syria Rebel Plan

Friday, 19 Sep 2014 13:00 PM

Sen. Marco Rubio further separated himself from other potential Republican presidential contenders in his chamber by sup . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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