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.

FILED UNDER: Barack Obama, Campaign 2012, Politicians, Quick Takes, US Politics,
Doug Mataconis
About Doug Mataconis
Doug holds a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010. Before joining OTB, he wrote at Below The BeltwayThe Liberty Papers, and United Liberty Follow Doug on Twitter | Facebook

Comments

  1. JKB says:

    More telling is the fact that so many are willing to run the risk of the Left’s wrath for not being supportive enough, not giving their fair share. Those donor sitting this out are making a pretty big bet that the Democrat goons won’t be in a position to come after them come November.

  2. JKB says:

    @john personna: “dark money”

    That sounds racist.

  3. @JKB:

    We are so glad you might be carrying, what with you the consistently sanest man in the room.

  4. Herb says:

    This morning Romney and the RNC reported $185 million cash on hand.

    That’s a ridiculous amount of cash to burn through in the next few months. If Brewster spends his millions, does he get a prize at the end?

  5. Rob in CT says:

    I found the TPC’s analysis of Romney’s tax plan far more interesting.

  6. C. Clavin says:

    Just imagine Adelson and Simmons and the Koch Brothers and Freiss and Theil showing up for breakfast at the White House on January 21st…with their list of demands in hand.
    Then try to imagine the spineless Mitt Romney trying to muster the spine to say no.
    The danger of people like Romney, who is infinitely malleable, is that they are infinitely corruptible by those of questionable intention.
    He need only change his position retro-actively.

  7. anjin-san says:

    The danger of people like Romney, who is infinitely malleable,

    Much like GW. A seemingly well intentioned, but weak man who allowed others to control the agenda for much of his administration.

  8. Smooth Jazz says:

    But, but, but …all the far left cranks who hang out on this left wing blog already claim the race is over, Obama has 400 EV votes locked up because Media Polls that interview 50 Dems to 1 Rep says so. LOL, Methinks the money game says a lot more that all the Dem Oversampled NY Times/CBS/MSNBC/PPP Polls combined. Good luck Libs; With the amount of people disgusted with this failed President, you’re going to need it.

  9. Herb says:

    @Smooth Jazz:

    “With the amount of people disgusted with this failed President, you’re going to need it.”

    You say that with confidence, but we can see your legs shaking.

  10. OzarkHillbilly says:

    @JKB:

    More telling is the fact that so many are willing to run the risk of the Left’s wrath for not being supportive enough, not giving their fair share.

    No JKB, haven’t you noticed that rich people are flush with cash? That they want even more of it? That Mitt promises wealth beyond their wildest dreams? That the working class are unemployed or fearful of becoming unemployed? That they can’t afford to contribute much just now? I know I can’t.

    Here is a sledge hammer dumbsh!t: I know that if Romney wins the best investment in the world is going to be the Vaseline and KY Jelly companies. If you have any money, you might want to invest in their stock. If you don’t have any money…. Invest in their product cause you are going to get just as fwcked as the rest of us.

    @Smooth Jazz:

    With the amount of people disgusted with this failed President, you’re going to need it.

    What, the Forbes 500? SJ, let me tell you something, you aren’t getting into their club. Not now. not ever. The best you can hope for is “useful ni**er” like that other asshat Herman Cain. And when you have served their purpose, you, like him, will be thrown to the gutter.

  11. Tsar Nicholas says:

    I don’t think these numbers are surprising. Romney is a pretty good general election candidate, he’s real good at raising money, and the reality is that outside of certain demographic micro cocoons people with means and motivation want Obama to be defeated. Small to mid-sized business owners and managers. for example, literally are terrified of a 2nd term for Obama.

    As for the cash on hand question, we already know that one, I believe. Word on the street for a few months now is that Team Obama spends every penny they’ve got and nearly before it arrives, whereas Team Romney obviously is holding back for a mondo ad blitz in September and October.

  12. superdestroyer says:

    Money is the most overrated part of politics today. The Democrats would win about 250 electoral votes without spending a dollar.

    After President Obama is re-election with close to the same level of popular vote that he had in 2008, maybe a few of the wonks and wannabes will finally admit that demographics overwhelms money all day, every day.

    Maybe when President Obama is re-elected, more people will finally admit that the U.S. is well down the road to becoming a one party state and people will think about what changes in politics and governance will need to occur to compensate for the U.S. being a one party state.

  13. wr says:

    @Smooth Jazz: Hey, Smoothie, welcome back! How’s that Palin for president write-in campaign going?