Obama Campaign in the Red, Spent More Money Than It Took In

Given the Super PAC money that has poured into the Romney campaign, it’s a wonder that the Obama campaign has been able to keep pace. Sure,  Romney out-raised Obama in May, but Obama still brought in a respectable amount of cash. Problem is, the Obama camp spent more in May than it took in, according to ABC News:

President Barack Obama’s campaign spent more than it took in over the month of May despite his frenetic fundraising schedule, leaving the massive operation with just shy of $110 million dollars cash on hand against $115 million one month earlier.

The embattled incumbent scooped up a hair over $39 million dollars but spent nearly $44.6 million, according to a formal filing with the Federal Election Commission.

Money isn’t everything, though. Kerry outspent Bush, and you see where it got him.

 

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2 Responses to Obama Campaign in the Red, Spent More Money Than It Took In

  1. Elizabeth June 21, 2012 at 3:45 pm

    Black folk have money, make a donation to the Obama-Biden campaign. With over 12 MIL blacks working in America,if each gave $5 a month President Obama would be in the “BLACK”.

    Reply
  2. dorothy June 24, 2012 at 1:20 am

    is this article designed to help Romnry if so it will not work Dr. Boyce. People Pray,Donate and Vote for the President.

    Reply

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