Obama Campaign Accepts Romney’s Financial Superiority

Wednesday, 08 Aug 2012 10:38 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
In an acknowledgment of the reality on the ground, President Barack Obama’s campaign is beginning to accept the victory of Mitt Romney’s campaign on the fundraising side.

"Look, no one expects this campaign to keep pace with the Romney money juggernaut,” Obama campaign manager Jim Messina wrote in a fundraising e-mail to supporters, Politico reports. “That's OK by me. What we can't let happen is finding ourselves in October, staring down the final weeks of this campaign without the resources to get our message in front of enough voters."

The Romney campaign took in $101.3 million in July, far surpassing the Obama campaign’s $75 million. That marks the third straight month in which Romney has raked in more than Obama. The Romney campaign, Republican National Committee, and state party groups have $185.9 million cash on hand.

"Yesterday [Monday], we learned that for the third month in a row, we've been outraised by the other side in this race," Messina wrote. "Now we're seeing how that plays out. In battleground states across the country, they're piling on the negative TV advertising."

Romney and the Republicans do still trail Obama and the Democrats in total fundraising — $627 million to $495 million. But the president’s cash advantage has disappeared, as his campaign and Democrats went through about $400 million between January 2011 and the end of July, The New York Times reports.

And some of Obama’s major donors aren’t taking the negative trend as well as Messina. “I keep telling people we need to step it up a bit,” a veteran Obama donor told The Hill. “Now’s the time, not two months from now. We’re still winning in the overall game, but we can’t be complacent. “We need to keep throwing in more money.”



© 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:
Retype 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

Congressional Candidates Use Guns to Aim Ad Messages

Tuesday, 02 Sep 2014 13:35 PM

A bevy of pistol-packing politicos are hoping to blast their way into office this year, posting campaign ads featuring t . . .

Poll: Ky. Voters Want Rand Paul to Choose - Senate or Presidency

Tuesday, 02 Sep 2014 12:49 PM

In Kentucky, voters believe Sen. Rand Paul needs to make a choice: re-election to the Senate or a bigger run for the pre . . .

Koch Brothers' Summit Turns Into a Slam-Harry-Reid Bash

Tuesday, 02 Sep 2014 12:11 PM

Senate Majority Leader Harry Reid took center stage as a figure of scorn and contempt at the annual summit of a conserva . . .

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