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Tue Jul 10, 2012, 12:49 PM

Is Mitt Romney really ahead in the money race?

Shock, another MEdia distortion.

http://www.csmonitor.com/USA/DC-Decoder/Decoder-Wire/2012/0710/Is-Mitt-Romney-really-ahead-in-the-money-race-video

Mitt Romney has raised more campaign money than President Obama for two months in a row. In May, Mr. Romney and the Republican National Committee brought in $17 million more than did Mr. Obama and the Democratic National Committee. In June, that gap widened to $35 million, as Romney and the RNC raked in a total of $106 million, while Obama took in $71 million.

For the Romney campaign, this is great news. It appears that Wall Street donors are flocking back to the Republican banner, after a 2008 election cycle in which many financiers supported Obama. The presumptive GOP nominee and his allies appear well on their way toward their goal of an $800 million campaign war chest – a cash cushion that might enable them to outspend their opponents in the 2012 struggle for the White House.

But the overall money picture is a bit more complicated than the headline “Romney Outdoes Obama in Fundraising” indicates.

(snip)

At the end of May – the latest date for which all details are in – the Obama campaign by itself had about $109.6 million in cash on hand. The Romney campaign had much less money at its disposal: about $17 million, according to CRP.

(snip)

The disparity here isn’t quite as big as it seems – Obama’s percentage is lower partly due to the fact that his total amount of expenditures has been greater. But again, the most important thing in politics is not how much money you get, but how much you have to spend on ads, get-out-the-vote organizations, and so forth. Cash laid out to set up dinners for high rollers is cash you don’t have available to spend in Ohio on attack ads.

(end snip)

emphasis mine

Swiss Mitt (I borrowed that from another DUer, thank you) is busy trying to keep the VIP's of the VIP's cars parked in the proper parking area.

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Reply Is Mitt Romney really ahead in the money race? (Original post)
deminks Jul 2012 OP
emulatorloo Jul 2012 #1
sadbear Jul 2012 #2
wiggs Jul 2012 #3
TheKentuckian Jul 2012 #4
Gothmog Jul 2012 #5

Response to deminks (Original post)

Tue Jul 10, 2012, 01:00 PM

1. He has tons of Koch and Rove Crossroads cash to spend.

Those guys can outspend Obama easily.

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Response to deminks (Original post)

Tue Jul 10, 2012, 01:01 PM

2. Is he forbidden from using his own money, too?

I mean, republicans don't actually care if someone buys an election, do they?

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Response to deminks (Original post)

Tue Jul 10, 2012, 01:02 PM

3. Obama leads in small donors. Why can't they talk about that more? Seems very relevant. nt

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Response to deminks (Original post)

Tue Jul 10, 2012, 01:07 PM

4. He and his PACS will have more available than can effectively be spent.

Media saturation will not be out of reach.

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Response to deminks (Original post)

Tue Jul 10, 2012, 01:39 PM

5. Obama bundler indicated some Dem. money is on the sideline

Harvey Weinstein was on TRMS on Monday and he seemed to be saying that Obama has enough money to be competitive and that more Democratic money would be available if it looks like Obama may be in danger. To some degree, Weinstein seems to be writing off Romney and that is dangerous.

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