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Obama, DNC spending exceeded donations in July
WASHINGTON (AP) — Facing strong fundraising from his Republican challenger, President Barack Obama and Democrats have spent more than they brought in last month as the president expanded his campaign operations and purchased millions of dollars in television advertising to compete with rival Mitt Romney.
New campaign finance reports out Monday show Obama's campaign spent about $59 million in July, much of it on advertising and paid staff. That's compared with about $49.2 million in total receipts during the same period, Federal Election Commission data show.
Obama's re-election effort has so far been losing the money race to Romney and the Republicans, who have out-raised the president in May, June and July. Romney and the GOP reported a combined $101 million in fundraising last month, while Obama and the Democrats together said they raised $75 million.
Early reports showed the Democratic National Committee spent about $14 million in coordinated advertising with Obama. That's as the DNC raised roughly $10 million in July while also spending $32 million, leaving the party with about $15.4 million in the bank by month's end.
The fundraising disparity has been so significant that Obama campaign officials have publicly stated they expect to be outraised by Romney. The former Massachusetts governor has enjoyed not only significant contributions to his campaign and party, but also millions of dollars in cash to outside "super" political groups running ads on his behalf.
In turn, Obama's campaign spent about $40 million in July on advertising buys, about $8.8 million of which was reserved for online advertising. Obama's campaign has prided itself on being a tech-savvy operation and relies mostly on small-dollar donors via the Internet, where such targeted ads run.
By contrast, Romney's campaign reported $40.3 million in July revenues and spending $32.7 million. Just like for Obama, a bulk of those expenses went to advertising purchases, although only about $15.5 million by comparison. The new data show Romney had fewer than half the number of paid staffers as Obama, or about 320.
"At some point, with all of the money spent on the air on the GOP side, advertising will hit a saturation point," Obama campaign spokesman Ben LaBolt said. "And that's why the unparalleled ground organization we're building — which can't be replicated in the time remaining — could provide us with the decisive edge."
Obama's campaign has also swelled to more than 800 paid staffers across the country, the reports showed, not counting volunteers. More than 350 of those payroll checks went to addresses in Chicago, the campaign's base of operations.
Super PACs working on behalf of both Romney and Obama reported modest fundraising hauls in July. The pro-Romney Restore Our Future, which just announced $10 million in new ad buys, raised $7.5 million last month, and Obama-supportive Priorities USA Action said it brought in $4.8 million during the same period.
SOURCE: http://www.businessweek.com/ap/2012-08-21/obama-dnc-spending-exceeded-donations-in-july
New campaign finance reports out Monday show Obama's campaign spent about $59 million in July, much of it on advertising and paid staff. That's compared with about $49.2 million in total receipts during the same period, Federal Election Commission data show.
Obama's re-election effort has so far been losing the money race to Romney and the Republicans, who have out-raised the president in May, June and July. Romney and the GOP reported a combined $101 million in fundraising last month, while Obama and the Democrats together said they raised $75 million.
Early reports showed the Democratic National Committee spent about $14 million in coordinated advertising with Obama. That's as the DNC raised roughly $10 million in July while also spending $32 million, leaving the party with about $15.4 million in the bank by month's end.
The fundraising disparity has been so significant that Obama campaign officials have publicly stated they expect to be outraised by Romney. The former Massachusetts governor has enjoyed not only significant contributions to his campaign and party, but also millions of dollars in cash to outside "super" political groups running ads on his behalf.
In turn, Obama's campaign spent about $40 million in July on advertising buys, about $8.8 million of which was reserved for online advertising. Obama's campaign has prided itself on being a tech-savvy operation and relies mostly on small-dollar donors via the Internet, where such targeted ads run.
By contrast, Romney's campaign reported $40.3 million in July revenues and spending $32.7 million. Just like for Obama, a bulk of those expenses went to advertising purchases, although only about $15.5 million by comparison. The new data show Romney had fewer than half the number of paid staffers as Obama, or about 320.
"At some point, with all of the money spent on the air on the GOP side, advertising will hit a saturation point," Obama campaign spokesman Ben LaBolt said. "And that's why the unparalleled ground organization we're building — which can't be replicated in the time remaining — could provide us with the decisive edge."
Obama's campaign has also swelled to more than 800 paid staffers across the country, the reports showed, not counting volunteers. More than 350 of those payroll checks went to addresses in Chicago, the campaign's base of operations.
Super PACs working on behalf of both Romney and Obama reported modest fundraising hauls in July. The pro-Romney Restore Our Future, which just announced $10 million in new ad buys, raised $7.5 million last month, and Obama-supportive Priorities USA Action said it brought in $4.8 million during the same period.
SOURCE: http://www.businessweek.com/ap/2012-08-21/obama-dnc-spending-exceeded-donations-in-july
Half & half politically?
Besides a small handful of miscellaneous social issues, I'm a dyed-in-the-wool Conservative.
That said, at least I can admit when the party I affiliate with steps out of bounds, and will call them on it (and have done so on more occasions that I care to cite).
R Glass, Brice & myself has shredded the Right for their actions, on more than several occasions.
All I see from the Left around here, is support, support, support (no matter what is said and done by the party they align with).
Maybe it's the the Left can do no wrong, and the Right is wrong a lot of the time?
Besides a small handful of miscellaneous social issues, I'm a dyed-in-the-wool Conservative.
That said, at least I can admit when the party I affiliate with steps out of bounds, and will call them on it (and have done so on more occasions that I care to cite).
R Glass, Brice & myself has shredded the Right for their actions, on more than several occasions.
All I see from the Left around here, is support, support, support (no matter what is said and done by the party they align with).
Maybe it's the the Left can do no wrong, and the Right is wrong a lot of the time?
Man el - you really are half and half in all respects - citizenship, ethnicity and politically(you're always going back and forth).
Well, that sheds a different light on the situation and I'll stop pushing for a donation to Romney/Ryan.
Mike
Well, that sheds a different light on the situation and I'll stop pushing for a donation to Romney/Ryan.
Mike
I only have money in the UK...
Since I have DUAL citizenship (British-US), I'm able to keep $$$ over there without triggering an IRS audit.
Dangit. What do you want to bet the IRS is monitoring this site, and now they're looking for Mr.LMNO so they can audit me!!!
Gee, thanks a lot Mike. Now I'm going to get audited!
Since I have DUAL citizenship (British-US), I'm able to keep $$$ over there without triggering an IRS audit.
Dangit. What do you want to bet the IRS is monitoring this site, and now they're looking for Mr.LMNO so they can audit me!!!
Gee, thanks a lot Mike. Now I'm going to get audited!
I thought you were the guy with off-shore accounts el. I didn't this a "poor Republican" would have money stashed overseas.
Mike
Mike
I'll let the rich Republicans, that Romney caters to, donate their money!
THIS poor Republican needs every penny he can muster!!!
THIS poor Republican needs every penny he can muster!!!
You are so right about that. It pi$$es me off as well.
I love el - he's hoping a praying that Romney will prevail but he won't send a cent to help him.
Mike
I love el - he's hoping a praying that Romney will prevail but he won't send a cent to help him.
Mike
My wife donates and it is like feeding a stray dog, you can’t get rid of them. When I answer the phone, I let them get in about 2 sentences, then interrupt them by asking them to send me money. This pi$$es my wife off but I remind her it is her fault they keep calling.
I choose to donate my money to AMERICA.
Every 2 weeks, I make my donation, thank you very much. That's about the only $$$ you're going to see coming out of MY pocket.
I used to wonder who donated campaign funds... and now I know.
Every 2 weeks, I make my donation, thank you very much. That's about the only $$$ you're going to see coming out of MY pocket.
I used to wonder who donated campaign funds... and now I know.
Just donated:)
I put my money where my mouth is - that's why.
I'm not against Romney winning.
I just think Obama's going to win. The RNC/GOP didn't do a good job putting a good candidate into play (as happened in 2008).
I really hope and pray that Romney DOES prevail, but all signs are pointing to an Obama win.
I just think Obama's going to win. The RNC/GOP didn't do a good job putting a good candidate into play (as happened in 2008).
I really hope and pray that Romney DOES prevail, but all signs are pointing to an Obama win.
el why are you so against Romney winning?
Don't waste your money... he's going to win with or without it.
Unless you're just in to wasting money, in which case, donate away!
Unless you're just in to wasting money, in which case, donate away!
That's what I was thinking Teko.
I guess its time to give another donation.
At least he's consistent...
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