Tags: romney | obama | election | fundraising

Romney Leaps Ahead of Obama in Fundraising

Tuesday, 21 Aug 2012 10:22 AM

Mitt Romney’s campaign has had a remarkable two months of fundraising, with his cash advantage over President Barack Obama more than doubling in July and leaving him with a $62 million advantage, according to the New York Times. And that doesn’t include the bump in funds Romney received when he announced his selection of Rep. Paul Ryan as his running mate.

Obama and the Democratic National Committee raised $75 million in July and spent $91 million. Romney and the Republican National Committee raised $101 million in July. All told, Romney’s team raked in more than $200 million in June and July, according to the Times. Republicans were left with $186 million in the bank to $124 million for Democrats. Romney was helped by the fact that he spent less than half than Obama did on advertising, with Romney getting help from Super PACs, which poured in millions to attack Obama.

The outstanding Romney fundraising effort means Obama will not have the cash advantage he had four years ago headed into the final stretch of the campaign, the Times reported.

Romney has begun to invest more in swing states, the Times reported, with rent and utility payments in Florida, Wisconsin, Colorado, Iowa and elsewhere.

Also notable is that his campaign spent about $500 at an Atlanta Chick-fil-A on July 23, one day before, former Arkansas governor Mike Huckabee called for a showoff support for the restaurant chain after its president Dan Cathy was criticized for saying that he opposed same-sex marriage.

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