Spent $59 million but campaign only took in $49 million……
Does this not say it all about this guy? This man and everyone around him, including Congress, is incapable of managing the finances of a campaign and this nation. This should be the top headline on every single news site and blog. They are SPENDING more than they are taking in. Sound familiar??!!
This clowns operation can’t spend only what they have “earned” in campaign donations, what do you think they will do if the Emperor gets re-elected? What do you think he will do in a second term with your tax dollars? Spend more money they don’t have and pass the buck onto the backs of rich and poor taxpayers!
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Obama Campaign’s Spending Outpaces its Fundraising
By Fredreka Schouten and Christopher Schnaars | USA TODAY
“Last month alone, Obama spent nearly $59 million through his main campaign account — $10 million more than he raised, financial reports filed late Monday afternoon show. The cost of his campaign so far: more than $325 million, not counting spending by the Democratic Party committees aiding his re-election.
By contrast, President Bush had spent $205.4 million to retain the White House at this point in the 2004 election.
The Democratic National Committee also stepped up its spending on the president’s behalf last month, burning through $32 million — more than double what the national party spent a month earlier, as it undertook fresh rounds of polling and advertising to help Obama.
The president’s new investments included additional staffers. He employed 853 people in July, up from 779 a month earlier, a USA TODAY analysis shows. Romney had 326 staffers on his payroll last month, up from 272 in June. Obama pumped more than $48 million into advertising last month, more than twice what Romney spent.
The Romney campaign has been on a winning streak when it comes to fundraising, besting Obama and Democrats for three straight months. Romney and his fundraising operation reported collecting $101 million in July, outgunning Obama and his allies by $25 million. read more