Romney Gains Huge Cash Advantage Over Obama
Mitt Romney’s cash advantage over President Obama and the Democrats more than doubled in July, as intense Republican fund-raising and heavy spending by Mr. Obama and his allies left Mr. Romney and the Republican National Committee with $62 million more in the bank than the Democrats at the end of last month.
Mr. Obama’s campaign and the Democratic National Committee spent $91 million in July, significantly more than the $75 million the Democrats raised, underscoring the investments Mr. Obama made in technology and field staff as well as nearly $40 million his campaign spent on advertising that month. While Mr. Romney continued to husband his resources for the fall — he spent less than half of what Mr. Obama did on advertising — conservative “super PACs” and other outside groups stepped into the breach, spending millions of dollars on ads attacking Mr. Obama.
Posted August 21, 2012 - 8:52 am