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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