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Posted at 04:21 PM ET, 07/02/2012

Obama has a lot more campaign money than Romney

The lie needs to be put to the very idea that President Obama might be outspent during the 2012 election. Nobody knows how much the candidates and campaign will raise in the weeks ahead, but, so far, the numbers are pretty clear. To date, the Democratic National Committee, the Obama campaign and Obama super PACs have raised $471,400,000. This does not include at least $400 million that the labor unions have pledged to spend on Obama’s behalf. The Romney campaign, Republican National Committee and Romney super PACs have raised $264,223,126 — and much of that was spent during the Republican primary contest. 

Anyway, there is a myth in American politics today that Obama will be outspent by Mitt Romney. Maybe that myth exists because Democrats, including Carter Eskew and President Obama, say it is so. It must be a fundraising tactic to scare contributors into giving, because the numbers suggest something completely different. 

If I’m wrong about these numbers, I wish that Carter, President Obama or other readers would let me know. Let’s not quibble over groups like the NRA or the Sierra Club. But any honest analysis of the funding at the top of the ticket confirms that Obama has a huge advantage. As more reliable information is confirmed, I will pass it along. In the meantime I think that the Obama campaign’s complaints about being outspent by Romney should be greeted with skepticism.

By  |  04:21 PM ET, 07/02/2012

 
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