Not so. Don't be fooled by the hype. Obama Has More Cash on Hand Than Romney
"President Obama and his campaign team are apparently fibbing to donors. Virtually every day, the Obama team sends out desperate emails complaining that they’re running behind Mitt Romney in the money race. But according to OpenSecrets.org, that’s simply not the case. As of May 31, 2012, Obama had raised $255,162,109. He’d spent $109,718,115. That means he had almost $110 million in cash on hand.
Mitt Romney, by contrast, had raised $121,023,126; he’d spent $104,036,499. He had just under $17 million in cash on hand. So Obama had raised nearly twice as much cash as Romney as of May 31, 2012, and had about six times as much cash on hand.
Obama hasn’t reported his June figures; Romney reportedly raised in excess of $100 million. People have supposed that the reason Obama didn’t release his figures is that he didn’t want to look like he was coming up short against Romney. In fact, the opposite may be true – Obama may be raising scads of cash, but wants to continue pressing a message of urgency into the donor base.
With June being a big wedding month O might have raked a ton of cash in from his wedding gift call....haaa!
Now this I believe.
What about the $100 million in “soft money” Sheldon Adelson of Las Vegas promised to send to the Romney campaign?
I would have loved to been a fly on the wall when Obummer heard the news.
“Not so. Don’t be fooled by the hype. Obama Has More Cash on Hand Than Romney”
Fool ourselves?
GOP PACs are already at around 10 to 1 bigger and grewing. The Democrats’ convention has been cut by one day already. Obama is spending hard money - that is money he himself has raised very early in this cycle - that is a very bad sign for him and good sign for America.
Fooling ourselves?