Poor-mouthing Obama is outraising Romney by $125m

Washington Examiner ^ | July 11, 2012 | Timothy P. Carney

[Zhang Fei]

President Obama has fooled plenty of people into thinking Mitt Romney is beating him in the race for campaign cash. This allows Obama to pose as a scrappy underdog and man of the people even as he raises and spends more money than his opponent. It's quite a trick, supported by three money machines:

First, Obama's campaign has outraised and outspent Romney's campaign.

Second, the Democratic National Committee outraised and outspent the Republican National Committee.

Third, outside groups explicitly taking Obama's side -- super-PACs, 527s and PACs -- have spent more than the outside groups on Romney's side.

Obama would have everyone believe otherwise. "We're getting outraised," Obama wrote in a typical fundraising email this week. This is only true if you concentrate solely on the month of June, when Romney's $105 million beat Obama's $71 million.

Obama's campaign has raised $326 million to Romney's $227 million, according to filings with the Federal Election Commission and the campaign's own reports of its June fundraising. That's a 44 percent lead for Obama.

[Zhang Fei]

Obama's trying to play the role of the underdog. But the role doesn't fit him, given his overwhelming funding edge, especially given the fact that Romney's 44% deficit includes funding spent winning the GOP primary. Take out primary expenses, and Romney's funding disadvantage vs Obama gets even bigger.

[1010RD]

Correct. This election isn’t going to be easy. We’ll have to fight very hard to win.

[cripplecreek]

The voting booth isn’t the only place to commit fraud.

[E. Pluribus Unum]

You can be absolutely certain that Soros is laundering hundreds of millions of dollars to the campaign through anonymous prepaid debit cards, just like last time.

[SunkenCiv]

Thanks Zhang Fei.

[InterceptPoint]

So Obama has a $100M lead. A month ago he had $170M lead. And he has outspent Romney by some amount. Looking at those numbers and remembering the incredible amount of fundraising that Obama has been conducting I’m thinking Romney is going to easily win the money battle.

Bottom line: Very misleading article.

[luvbach1]

I’ve seen significantly more TV spots in support of the Great Usurper than Romney.

[cripplecreek]

I’m already trying to clear up some apparent identity theft. On Tuesday I found out that I’m a unionized home care worker and even used my social security number. You know, the folks who were forced into a union they didn’t want here in Michigan.

[Revolting cat!]

In other words, we admit, though we’ll never say it out loud, that the whole affair from beginning to end is about nothing else but buying the presidency!

[Venturer]

You don’t know what to believe any more the lies are coming so fast.

Last night I was convinced that Romney had more money, now we find that Obama has more money.

Obama also has free travel all around the world so he doesn’t need money.We pay his travel expenses.

[JMJJR]

“This allows Obama to pose as a crappy dog eating man.

That’s better

[Red Steel]

Obama is being out spent in political ads in Colorado.

Colorado leads the nation in political advertising

[MrChips]

Join the club. The IRS stole mine and I didn’t get my tax refund until November. This year, I have not gotten yet at all.

[Tennessee Nana]

OH NOOOOOOOOOEZ

[scooby321]

The Koch Brothers and Sheldon Adelson will make Roomey equal if not ahead Obama.

[E. Pluribus Unum]

That is scary.

[TribalPrincess2U]

Then 0bama must be lying again. Didn’t he say the Republicans are outdoing him money wise.

But then lying comes easy for this person.

[musicman]

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[paudio]

There are several things that needs to be clarified before I completely understand where they stand as of July 1. Forget about the outside groups since according to the article they only amount about $20-25m total for each candidate.

First, the difference between stock and flow. Cash on hand, I believe is a stock variable, while amount of money raised in the month of June is a flow variable. So, based on published data we learned that Romney led the June inflow, and 0bama seemed to burn their money which means he led the June outflow. So, overall, 0bama's cash-on-hand decreased, while Romney's increased.

Second, incremental or cumulative. From the article, I get that Romney led in the incremental inflow (especially in June), but 0bama led in cumulative inflow (to date). As cumulative money included the primaries, they are not really comparable since 0bama had no rival while Romney was in a competitive race.

Assuming Romney became the presumptive nominee in early June, we can look at that date as the beginning of Romney v. 0bama. Polls show the numbers have been quite stable, that is, the two have been --more or less- tied since then. So, any cumulative, inflow and outflow would be comparable. With Romney leading in the inflow, and 0bama leading in the outflow, it's not surprising that 0bama & Co. start to be fidgeting.

[paudio]

There are several things that needs to be clarified before I completely understand where they stand as of July 1. Forget about the outside groups since according to the article they only amount about $20-25m total for each candidate.

First, the difference between stock and flow. Cash on hand, I believe is a stock variable, while amount of money raised in the month of June is a flow variable. So, based on published data we learned that Romney led the June inflow, and 0bama seemed to burn their money which means he led the June outflow. So, overall, 0bama's cash-on-hand decreased, while Romney's increased.

Second, incremental or cumulative. From the article, I get that Romney led in the incremental inflow (especially in June), but 0bama led in cumulative inflow (to date). As cumulative money included the primaries, they are not really comparable since 0bama had no rival while Romney was in a competitive race.

Assuming Romney became the presumptive nominee in early June, we can look at that date as the beginning of Romney v. 0bama. Polls show the numbers have been quite stable, that is, the two have been --more or less- tied since then. So, any cumulative, inflow and outflow would be comparable. With Romney leading in the inflow, and 0bama leading in the outflow, it's not surprising that 0bama & Co. start to be fidgeting.