Obama’s Fundraising Advantage May Prove Fleeting

Wednesday, 21 Mar 2012 11:41 AM

By Dan Weil

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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.



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