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Obama has more campaign money on hand than Romney [WHISKEY TANGO FOXTROT?]
AP/Fox ^ | 9/21/12

Posted on 09/21/2012 5:45:16 AM PDT by SoFloFreeper

President Obama had about $88.8 million at the end of August to spend on the presidential campaign. That's nearly twice as much as Republican rival Mitt Romney had at month's end.

Campaign fundraising reports released Thursday show Romney had $50.4 million to spend as of Aug. 31. He also owed $15 million on a $20 million loan taken that month.

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2012; 2012issues; bho2012; fundraising; romney2012
Something doesn't make sense here...we have heard over and over by the media that MR was out raising BO.

NOW he is at half the funds?

This is either an attempt to dispirit us, or they were lying before....

Am I missing something? Does this explain Romney's slow rollout of ads? Just yesterday the National Review reported the Romney camp was "flush" with cash.

1 posted on 09/21/2012 5:45:23 AM PDT by SoFloFreeper
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To: SoFloFreeper
Romney has plenty of money, don't worry about it. This is propaganda meant to discourage people
2 posted on 09/21/2012 5:47:43 AM PDT by Perdogg
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To: SoFloFreeper

stimulus money diverted to obama’s warchest


3 posted on 09/21/2012 5:49:47 AM PDT by yldstrk (My heroes have always been cowboys)
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To: SoFloFreeper

I knew it. He learned very well. He isn’t a Muslim. He is a deceiver, a thugee a Chicago thugee.


4 posted on 09/21/2012 5:50:22 AM PDT by longfellow (Bill Maher, the 21st hijacker.)
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To: SoFloFreeper

Even if it’s true, it won’t help Obama this time.


5 posted on 09/21/2012 5:50:49 AM PDT by ILS21R (The time is nigh.)
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To: SoFloFreeper

“Stimulus” kickbacks for Obama?


6 posted on 09/21/2012 5:52:15 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: SoFloFreeper

What about Karl Rove’s Crossroads?


7 posted on 09/21/2012 5:54:17 AM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Obama-ney Care ))
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To: yldstrk

That’s exactly what I was thinking.


8 posted on 09/21/2012 5:54:25 AM PDT by jtal (Runnin' a World in Need with White Folks' Greed - since 1492)
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To: SoFloFreeper

What more can Obama say? We can see the smoking crater disaster all around us!


9 posted on 09/21/2012 5:54:25 AM PDT by Obadiah (The Hunger Games -- Obama's vision for America)
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To: SoFloFreeper
I read another article somewhere that the GOP has taken a huge slice of Romney's money for congressional races whereas Obama has largely kept his funds for himself, thus the advantage Obama has in on-hand funds despite Romney's recent fundraising advantage.
10 posted on 09/21/2012 5:55:10 AM PDT by LaserJock
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To: SoFloFreeper
These numbers are probably accurate. What they don't take into account is the super-pac money. And in that I think Romney has a huge edge. Here:

When national political parties and allied super-political action committees are included, however, Romney entered September with more cash to spend on his side than Obama, $165 million to $101 million.

LINK

11 posted on 09/21/2012 5:55:41 AM PDT by bigheadfred
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To: Obadiah

“...We can see the smoking crater disaster all around us!”

Apparently, at least 47-48% of the population can’t.


12 posted on 09/21/2012 5:56:42 AM PDT by carriage_hill (Libs, dems, unions, leftist scum & murderous muzzies - are like bacteria: attack, attack, attack!)
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To: bigheadfred

RNC has 70 million cash on hand and DNC has 7 million.


13 posted on 09/21/2012 5:57:33 AM PDT by scbison
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To: SoFloFreeper
Notice the wording? Cash on hand.....I understand that candidates must report what they raise but I don't believe they supply the FEC with a balance sheet of what they have to spend on a month to month basis. I'm guessing (JMHO) that this is misleading because it's just recent fund raising totals that include the Beyonce and JZ thug fest and NOT what the candidates actually have to spend. Don't forget the SuperPACs will kick into high gear shortly, as well.
14 posted on 09/21/2012 5:58:10 AM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: SoFloFreeper

Lot of discussion about this on Twitter, and it raised a lot of eyebrows among our more knowledgeable conservatives. We’ve seen the huge funding numbers, and this doesn’t line up. No doubt Obama has money, but the surprise was Romney now having money on hand.

My only theory is maybe they have made a lot of the media buys already for October and didn’t include those in their total. Other than that, is would be baffling considering we kept hearing about all the money they would have after the convention.


15 posted on 09/21/2012 5:59:54 AM PDT by ilgipper
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To: SoFloFreeper

Between Romney and sons they have about 300 million dollars personal wealth.

Is there any good reason that they can’t spend 95% of it on their campaign? I can’t think of any.

Spend it Mitt.


16 posted on 09/21/2012 6:01:24 AM PDT by soycd
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To: SoFloFreeper

I agree, what’s going on?
First obama is broke, Romney has more money than God.
Now obama has more money than Gad and Romney has debit.
The reporting agencies keep public access to the money the campaigns have, so it’s easy enough to verify, would think news outlets would verify before printing (Ok just typing that made me giggle)


17 posted on 09/21/2012 6:01:27 AM PDT by svcw (If one living cell on another planet is life, why isn't it life in the womb?)
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To: SoFloFreeper
Photobucket
18 posted on 09/21/2012 6:01:38 AM PDT by baddog 219
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To: SoFloFreeper

Need to check out sales of gift cards...


19 posted on 09/21/2012 6:01:46 AM PDT by Little Ray (AGAINST Obama in the General.)
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To: carriage_hill

Vote for Obama because he's not quite finished yet!

20 posted on 09/21/2012 6:02:33 AM PDT by Obadiah (The Hunger Games -- Obama's vision for America)
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To: SoFloFreeper

So let me get this straight... Romney had about $50 million more that Obama going into September, but Obama outspent him, per some reports by a factor of 3 in the battleground states... and now Romney TRAILS in cash on hand? I’m not getting this at all.


21 posted on 09/21/2012 6:02:47 AM PDT by ScottinVA (Record high turnout is our hope for sending 0bama home. Pray hard!!!)
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To: SoFloFreeper
Simple.

- Money stashed away from the first “stimulus”
- Foreign money
- Other corrupt projects like Solyndra

His plan, all along, to stay in power has been to stash money and divert money so he could collect it for his second campaign. He started doing this the day he was sworn in.

22 posted on 09/21/2012 6:04:05 AM PDT by ryan71
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To: SoFloFreeper
Propaganda, pure and simple.

A good part of Romney's fundraising was done jointly with the RNC. Last night, Priebus said the RNC has $77 million on hand; the DNC has $7 million on hand.

Money is not the problem.

23 posted on 09/21/2012 6:20:59 AM PDT by TonyInOhio (No representation without respiration!)
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To: ryan71

If Obama needs money his campaign will go to the big Wall Street and borrow it. What regulated bank will turn him down?

If he loses, his campaign declares bankruptcy and doesn’t pay. Obama is not personally liable. If he wins, the bank CEO’s receive a private visit from a Chicago pol who encourages them to write off the loans.

$50 million each from the 8 largest banks in the country provides $400 million. What a nice October surprise and plenty of walking around money to get the projects out to vote, not to mention overwhelming media buy for the last two weeks.


24 posted on 09/21/2012 6:26:38 AM PDT by Soul of the South
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To: SoFloFreeper

The RNC and SuperPac money dwarfs what the DNC et al have on the side.

All it means is that Obama has sucked up all the money that would be used to support candidates down ticket.


25 posted on 09/21/2012 6:32:27 AM PDT by rwilson99 (Please tell me how the words "shall not perish and have everlasting life" would NOT apply to Mary.)
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To: ryan71

I firmly believe that Obama does not want to win nor does he think he can win.

Look for him to retire in that 35 million dollar house in Hawaii . Hillbuzz indicates it will be set up like the Kennedy Trust

After he loses..we are going to see things that will make our heads spin and shout out that he must be the Antichrist. Pure evil on display.


26 posted on 09/21/2012 6:37:32 AM PDT by RummyChick
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To: rwilson99
I would be highly skeptical of this article, except that I got a robo-call from the Romney campaign last night saying essentially the same thing. The recording of Romney's voice said that Obama had a lot more money than them going into the final stretch. I am sure that I wasn't the only one here who got this call.
27 posted on 09/21/2012 6:40:23 AM PDT by fireman15 (Check your facts before making ignorant statements.)
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To: All

Yeah, they didn’t spend a thousand billion dollars without skimming a billion somewhere...


28 posted on 09/21/2012 6:44:36 AM PDT by uncle fenders
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To: SoFloFreeper
Photobucket
29 posted on 09/21/2012 6:47:20 AM PDT by baddog 219
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To: SoFloFreeper

The GOP advantage is in the SuperPACs. Rove, the Kochs, Adelman, and others; we’re talking maybe a half billion dollars. The Democrats have Union and SuperPAC money, but only about half.


30 posted on 09/21/2012 6:50:49 AM PDT by Redmen4ever
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To: SoFloFreeper

I do think this is disinformation to discourage. I saw some tweet night before last saying Romney borrowed 20 million in August and is in debt 11 million. Never heard anymore about it so I think it is another lie to demoralize. Sounds like the libtards have been talking to media matters or something to coordinate the story.


31 posted on 09/21/2012 7:01:02 AM PDT by outinyellowdogcountry
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To: SoFloFreeper

It’s very possible that Romney has already spent a lot of his money on ads that are yet to run. There is only a limited amount of TV ad space available, and I would bet the Romney campaign locked as much of it up as possible as soon as they were allowed to spend the money.


32 posted on 09/21/2012 7:03:20 AM PDT by CA Conservative (Texan by birth, Californian by circumstance)
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To: SoFloFreeper

Nothing new here. Obama had led in donations all along; he was only telling his base he was behind (through his contorted math formulas I guess). Here’s a couple of sites to keep up with the $$: http://www.opensecrets.org/pres12/index.php and http://www.campaignmoney.com/


33 posted on 09/21/2012 7:05:53 AM PDT by TennesseeGirl
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To: SoFloFreeper

Yes but here is the deal. Zero will not spend all of that money because he can keep it after he loses. I predict he’ll keep 40+ million. That leaves him with 40 or so.

But our superpacs are not included here. We have way more money in our superpacs and Barry has little here.


34 posted on 09/21/2012 7:36:57 AM PDT by AdamBomb
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To: SoFloFreeper
Romney and his team are incompetent. They are losing this critical battle...maybe it's already lost. My vote and small financial contribution are going to Gary Johnson. A libertarian, a true conservative...our best hope for a conservative future for this great country.

Scream and yell if you wish, but I believe going down with the ship’ as heroic as it sounds won't buy our kids and grandkids the future they deserve.

35 posted on 09/21/2012 3:15:48 PM PDT by winnotwhine (It's easy to whine...I'd rather win)
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To: RummyChick
hope you're right....remember that the PUMA's and Hillbuzz talked about some major things to come out about bammey after the first selection and nothing ever came out...

this guy has some big names protecting him....

36 posted on 09/21/2012 3:21:01 PM PDT by cherry
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To: winnotwhine

I would rather leave it blank than go for the libertarian


37 posted on 09/21/2012 3:21:53 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: winnotwhine
A libertarian, a true conservative...

A libertarian is a "true conservative"?

Who knew...???

38 posted on 09/21/2012 3:26:59 PM PDT by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: okie01

Okay you got me there! But I wanted to make myself absolutely clear! There are all sorts of beasts masquerading as conservatives...RINO Romney being #1.


39 posted on 09/21/2012 3:29:59 PM PDT by winnotwhine (It's easy to whine...I'd rather win)
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To: winnotwhine
RINO Romney being #1.

Better Romney than McCain.

Romney has, at least, bothered to learn and use the language of conservatism.

As a candidate, however, McCain couldn't let a day pass without insulting conservatives in some fashion.

Lord, I learned to hate that opportunistic SOB.

40 posted on 09/21/2012 3:40:17 PM PDT by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: AdamBomb
I predict he’ll keep 40+ million

His new place in Hawaii is costing him $35 million alone.

41 posted on 09/21/2012 5:25:21 PM PDT by bigheadfred
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To: Soul of the South

does he need to borrow it? who’s controlling the cash in WaRshington? well we say that would be criminal, but what does that mean to 0?


42 posted on 09/21/2012 9:46:32 PM PDT by BrianE ("Dead at 25 buried at 65 the average American" - Benjamin Franklin 1776)
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To: GeronL
“Stimulus” kickbacks for Obama?

0's campaign "war chest" - compliments of the American taxpayer.

43 posted on 09/21/2012 9:52:16 PM PDT by Jane Long (Soli Deo Gloria!)
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