News24

$100m Romney outraises Obama

2012-08-07 10:05

Washington - Republican presidential hopeful Mitt Romney raked in more than $100m in fundraising in July, widening the cash advantage he enjoys over President Barack Obama, who garnered over $75m.

The presumptive Republican nominee pulled in $101.3m for his campaign and the Republican National Committee, the Romney camp said in a statement exactly three months before Americans go to the polls.

Romney and the RNC now have around $185.9m of cash on hand to throw into campaign advertising and grassroots get-out-the-vote efforts in the intense final months of the campaign to deny Obama re-election in November.

Obama, once the champion fundraiser, was outpaced for the third straight month by Romney. His camp revealed its own July fundraising numbers on Twitter, saying the president had made more than $75m from 761 000 donors.

The president's campaign spokesperson Jen Psaki told reporters on Air Force One that Obama always expected to be outraised by Romney, but said the focus was on building the biggest grass roots political campaign in history.

"We know we're going to be outspent. That's a reality," she said.

Obama's vision

"We know they may have more resources on the air, but we have a message and a plan that we think is going to translate better for middle-class voters and people who are deciding in November who they want to support."

The president was already getting to work on his August fundraising figures on Monday, with two campaign fundraisers in Connecticut.

Obama, who leads Romney by a slim margin in state and national polls, argues that he has a vision to improve the lives of America's hard pressed middle classes, while his opponent would tilt the economy further towards the rich.

Romney's July's figure was slightly down from his record take of $106.1m in June, which dwarfed Obama's haul of $71m for the same month.

Romney is also getting a deluge of support from SuperPac campaign committees into which individuals and corporations can pour unlimited sums to fund attacks on the president and his record.

The Republican's camp said that 94% of all his donations received in July were for $250 or less, seeking to counter perceptions fanned by the Obama campaign that he is overwhelmingly funded by rich donors.

Money race


"Once again we see that for many people, this is more than a campaign, it is a cause," Romney Victory national finance chairperson Spencer Zwick and RNC chairperson Reince Priebus said in a statement.

The Obama campaign said 98% of its contributions in July were for $250 or less, for an average donation of $53.49, adding that 2.7 million people had so far pitched into the president's 2012 re-election effort.

The president's team did not give a figure for the amount of money Obama has remaining to spend, following a blitz of negative advertising in swing states targeting Romney's personal financial arrangements and tax policies.

Obama campaign chiefs have tried to drum up more enthusiasm among Democrats for fundraising, warning several times that they are likely to be beaten in the money race by Romney and that a large gap in resources could be decisive.

The president has a string of fundraisers planned, including one at his family home on Sunday in Chicago.

Comments
  • Gavin - 2012-08-07 11:10

    the Yanks should have their elections via reality show - then they might actually end up with a leader instead of a plumber...I mean politician. I don't believe that governments run countries anymore, but that business does. Presidents end up in the oval office owing so many of their backers favors, most of which they run out of time repaying. Take Obama for instance, he promised to regulate/reform the american banking industry and has done sweet F all in this regard. It's only a matter of time before we see a repeat of 2008/9 Predatory lending aint dead, it's just hibernating.

  • dylan.sciarappa - 2012-08-07 11:42

    Democracy has become a farce in the USA

      cvh23 - 2012-08-12 22:54

      why do people dislike this comment? a 2 party system? hey, thats one more choice than communist russia

  • cvh23 - 2012-08-12 22:52

    I don't believe in left/right politics. I am a libertarian and believe that individual freedom and liberty trumps all other causes. I don't believe that politics can solve any serious problem. I don't believe a self respecting person can support or vote for the 'lesser of two evils', whether its Obama or Romney. there is no difference. its the presidential reality show. no self respecting person can associate with the lesser of two evils this explains it: http://www.news24.com/MyNews24/The-world-tomorrow-20120725

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