Report: Mitt Romney Fundraising Surges; Obama may be Outspent in 2012 Election Campaign

Photo: AP

If Obama wins re-election, as he certainly still could since nearly half the country is dependent on the Federal Government in some way, he will have to do it this time with much lower enthusiasm for his candidacy, and now, it appears, without his customary gigantic money advantage:

WASHINGTON POST – Chris Cillizza: “. . . What’s abundantly clear is that Obama won’t have the massive fundraising gap over Romney that he enjoyed in the 2008 contest against Sen. John McCain of Arizona.

In that race, Obama raised an astonishing $771 million while McCain brought in $239 million — a total that included roughly $85 million in public financing funds for the general election. (Obama opted out of public financing.) For you non-math majors out there, that means Obama collected (and spent) three times as much money as McCain, a huge gap that almost certainly put the Democrat over the top in places such as Indiana and North Carolina and cushioned his margins in other swing states such as Florida and Ohio.

There is a zero percent chance that Romney will follow McCain’s lead and take public financing. And even though he has spent most of this election cycle running in a competitive and splintered GOP primary, Romney raised almost $100 million through April. . . .

Add it all up — and throw in a pledge from the leading conservative super PAC to spend better than $200 million— and it becomes possible that Obama, the single greatest fundraiser in the history of American politics, might get outraised (and outspent) between now and Nov. 6. . . .

“It is entirely possible that Romney and the RNC could outraise the president and the DNC,” acknowledged Steve Rosenthal, a veteran labor strategist. “When you add to that the avalanche of money pouring into the right-wing super PACs, and the fact that polls are already showing a close race in most of the battleground states, it creates a troublesome scenario. . . . Read More

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