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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs 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 isnt quite as big as it seems Obamas 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 dont 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.
emulatorloo
(44,130 posts)Those guys can outspend Obama easily.
sadbear
(4,340 posts)I mean, republicans don't actually care if someone buys an election, do they?
wiggs
(7,814 posts)TheKentuckian
(25,026 posts)Media saturation will not be out of reach.
Gothmog
(145,291 posts)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.