Posted on 08/05/2012 8:20:28 AM PDT by mandaladon
President Obama has spent more campaign cash more quickly than any incumbent in recent history, betting that heavy early investments in personnel, field offices and a high-tech campaign infrastructure will propel him to victory in November. Since the beginning of last year, Mr. Obama and the Democrats have burned through millions of dollars to find and register voters. They have spent almost $50 million subsidizing Democratic state parties to hire workers, pay for cellphones and update voter lists. They have spent tens of millions of dollars on polling, online advertising and software development to turn Mr. Obama’s fallow volunteers corps into a grass-roots army.
The price tag: about $400 million from the beginning of last year to June 30 this year, according to a New York Times analysis of Federal Election Commission records, including $86 million on advertising.
But now Mr. Obama’s big-dollar bet is being tested. With less than a month to go before the national party conventions begin, the president’s once commanding cash advantage has evaporated, leaving Mitt Romney and the Republican National Committee with about $25 million more cash on hand than the Democrats as of the beginning of July. Despite Mr. Obama’s multimillion-dollar advertising barrage against Mr. Romney, he is now being outspent on the airwaves with Mr. Romney benefiting from a deluge of spending by conservative “super PACs” and outside groups. While Mr. Romney has depleted much of his funds from the nominating contest, he is four weeks away from being able to tap into tens of millions of dollars in general election money. And many polls show the race to be very close.
(Excerpt) Read more at nytimes.com ...
This is worth reading for the “comments” section alone.
He's a democrat, he spends everything, he just can't help himself.
Are they referring to his campaign or the US Treasury?
You didn't think that money just disappeared did you??
Every election we hear how the Dems are broke but they still manage to outspend the opposition before the election is over.
Broke my arse. It's just a fundraising ploy.
Democrat Campaigns are a false term for what they really are: a SLUSH fund to give to their liberal organizations!
Democrat Campaigns are a false term for what they really are: a SLUSH fund to give to their liberal organizations!
Harvey Weinstein’s Hollyweird freak show to the rescue! $35,000 to eat dinner with some guy from Kenya! What a deal!
I would say Obama spends like a drunken sailor but there's not reason to gratuitously insult drunken sailors...
Especially when Lassie and Rin Tin Tin are on the menu.
translation: they’ve given “walking around” money away so the Demonrats can buy votes.
Can you say “fraud”?
Let him spend himself silly, run out two months before election
Noboby remembers past October 15th....two weeks later
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