Obama's campaign spent more money than it raised in July.

Discussion in 'Politics' started by tinydancer, Aug 20, 2012.

  1. tinydancer

    tinydancer Diamond Member

    Oct 16, 2010
    Thanks Received:
    Trophy Points:
    By 10 million. These are some very interesting figures on what has been spent and by whom.

    Here's part of the article. Rest at link:

    Obama campaign's spending outpaces its fundraising

    WASHINGTON – As Election Day approaches, President Obama is burning through campaign money faster than he can collect it — exceeding his spending pace at this stage of the 2008 contest as he expands his field operation and trades combative ads on the airwaves with Republican rival Mitt Romney.

    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 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.

    Obama campaign's spending outpaces its fundraising

Share This Page