Tags: Barack Obama | Mitt Romney | 2012 President Race | romney | obama | pac | bain

Pro-Obama Super PAC Sputters

By David Alliot   |  

The Barack Obama-supporting super PAC Priorities USA Action has fallen woefully behind in funds compared to the group supporting Mitt Romney’s campaign. The report comes just days after Priorities released a withering attack ad on Romney’s business record.

Priorities USA Action raised $1.6 million in April — $3 million shy of what the pro-Romney Restore Our Future super PAC raised during the same period, according to a report on Politico.

Overall, Priorities has raised 10.6 million since its inception in 2011, while Restore has raised over $50 million, Huffington Post reports. American Crossroads, another pro-Romney super PAC, with advisers Karl Rove, Ed Gillespie, and former RNC chair Mike Duncan, has raised $28 million.

The Priorities ad blitz being rolled out in key swing states like Pennsylvania and Florida, focuses on GST Steel, a company that experienced layoffs and ultimately bankruptcy shortly after being bought by Bain Capital.

Romney spokeswoman Andrea Saul has stated that Romney had left Bain to run the 2002 Winter Olympics at the time of the layoffs in the company’s plant in Kansas City, according to USA Today. She added, “President Obama’s policies have failed every American who expected their president to focus on the economy and make things better.”

Wisconsin Republican Rep. Paul Ryan dismissed the ploy on “Fox News Sunday,” saying, “This is an industry that was going out of business.”

The necessity to remain at the top of the fundraising food chain has left the Obama-backed super PAC scrambling to remain effective. In February, Obama endorsed the efforts of Priorities, but has also criticized the Supreme Court’s Citizens United decision that enabled super PACS to thrive via contributions by corporations. That criticism may have left some potential donors holding back in protest.

Priorities is also trailing Restore in cash on hand, reports Politico — $4.7 million compared to Restore’s $8.2 million.

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