For those who think Barack Hussein Obama will be easy to beat, here is news to make you pause. The Obama campaign has raised 60 Million dollars for this financial quarter. This puts him well ahead of Romney, the closest Republican in terms of fundraising. This is very disturbing because Obama faces no challengers. Meanwhile, the Republicans will be battling each other for the nomination.
Republican presidential front-runner Mitt Romney will report raising between $15 million and $20 million during the last quarter, according to campaign aides, far outpacing his conservative rivals for the White House but still placing him far behind President Obama’s cash haul during the same period.The fundraising success positions Romney well among a nascent field of candidates, but some GOP insiders say they expected a larger infusion of cash and are worried that it exposes an inability to generate the excitement and, more importantly, money, needed to take on an incumbent with deep pockets.
“Those numbers certainly don’t jump out at you,” said one Republican strategist not affiliated with any of the campaigns. “Look, say what you want about Obama, but the guy can raise money. I just don’t know if any of these candidates will inspire waves of people to write that check. I hope I’m wrong.”
[….]
By comparison, Obama’s campaign is banking on $60 million in donations to his Victory Fund, coordinated with the Democratic National Committee. Many predict that Obama will ultimately raise more than $1 billion over the course of the campaign.
This is very disturbing. Obama will have plenty of cash to hammer whoever gets the nomination. This is an advantage the Republicans need to overcome if they want to win.
Tags: Fundraising, Money
