by Peter Grady –
Recent e-mails sent out by Obama and his campaign begging for funds appear to have been justified with new reports showing in June the campaign spent more than it took in.
The campaign has recently sent out a series of e-mails with alarming tones saying the campaign is in danger of being outspent.
One e-mail said, “The Romney campaign raises more than we do, and the math isn’t hard to understand: Through the primaries, we raised almost three-quarters of our money from donors giving less than $1,000, while Mitt Romney’s campaign raised more than three-quarters of its money from individuals giving $1,000 or more,” he said. “We can be outspent and still win — but we can’t be outspent 10 to 1 and still win.”
Recent campaign filings show the Obama campaign is, in fact, being outspent. In June, the Romney campaign raised $106 million compared to the Obama campaign’s $46 million while spending $58 million.
This marks the second month in a row that Obama’s fundraising has lagged behind Romney prompting concerns from the campaign that the President could lose his re-election bid.
Romney has seen his fundraising levels rise since the Supreme Court ruled that ObamaCare’s individual mandate requiring everyone to purchase insurance was a tax and therefore legal based on the Constitution’s taxing authority it gives to Congress.
In the hours following the ruling, the campaign raised over $4.2 million as the Republican candidate vowed to repeal the tax along with the rest of Obamacare.
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