The new fundraising numbers are out and things are looking very good for the Romney/Ryan team. At this point in the race, Obama has $124 million available, while Romney/Ryan have $186 million.
That means that Obama/Biden have only two-thirds of the cash Romney/Ryan have. And there is still three months left to go.
The huge cash advantage by the Romney team comes from huge fundraising hauls over the last couple of months. Also, the Romney campaign has been very careful in its campaign expenditures, saving most of its heavy spending for the fall.
Meanwhile, Team Obama has been struggling to meet fundraising goals and spending heavily on its ground organization. Obama’s fundraising team has stated that they don’t expect to raise as much money for the 2012 campaign as they did for the 2008 campaign. Up till now, Democrats have taken for granted Obama’s fundraising superiority. This has to be a humbling experience for the previously undisputed king of fundraising.
For the first time in history, an incumbent president could be out-raised by his challenger. And we can be sure that Romney will stretch every dollar of that money he has raised to full advantage in the fall.
Let’s keep this train rolling! There is still a lot of ground to make up on Obama’s established organization. Click here to donate to Romney/Ryan! Just $15 or $25 can make a difference.