It was a rough week for the “Campaigner-in-Chief.” First he got an an indirect thumping in the Wisconsin recall race. Now this…
Despite his nonstop fundraising Mitt Romney outraised Team O by $17 million in May.
Via HotAir and Free Republic:
First, the good news for the Obama campaign … they improved on a relatively poor showing in April’s fundraising numbers. Earlier today, Team O and the DNC announced that they had jointly raised $60 million in May, up from the previous month’s $43.6 million:
President Barack Obama and the Democratic Party have raised a combined $60 million in May for his re-election effort.
The totals helped the president exceed his fundraising haul in April, when his campaign and his party raised $43.6 million. That was slightly more than his presumed challenger in the November election, Mitt Romney, and the Republican Party, which raised about $40 million during the month.
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So far, though, there isn’t any indication of their cash on hand. Obama has gone on a fundraising tear, which racks up the costs and burns through the donations. The cost of raising all that cash, advertising, and organizing will be seen in the burn rate.
And now the bad news for Team O. According to a news release from the Mitt Romney campaign, the Romney/RNC partnership outraised Obama by nearly $17 million in its first full month of operation:
Today, Romney for President, Romney Victory, and the Republican National Committee announced fundraising totals of over $76.8 million in May. The campaign and RNC have $107 million cash on hand.