For Third Month In A Row, Obama/DNC Raise Less Than Romney/RNC
In May and June, Barack Obama and the DNC were beaten by their Republican opponents in the fundraising battle. We already knew this morning that the Romney team had raised some $101 million in July, and now we know that they beat Obama and the DNC again:
WASHINGTON — President Barack Obama and the Democratic National Committee raised $75 million in July for the president’s re-election campaign.
The total was well below the $101 million that GOP rival Mitt Romney and the Republican National Committee raised last month. July is the third straight month that Romney and the Republican Party have raised more money than Obama and the Democratic Party.
Obama is also facing an onslaught of fundraising by well-funded, GOP-leaning political action committees.
The more interesting question is how much cash they have on hand after almost two months of rather relentless ad spending. This morning Romney and the RNC reported $185 million cash on hand. The Obama campaign has not released its cash on hand figure yet.