June Fundraising Numbers: Obama Campaign Beaten by $35 Million

Under normal circumstances, news that the Obama campaign had raised a breathtaking $71 million would no doubt trigger an avalanche of gloating from the Left, as well as horrified, panic-stricken reactions from the Right. But these are not normal circumstances, seeing as President Obama is up against a man who knows how to turn a profit, and is doing precisely that in his own fundraising. As such, this pleading email from the Obama campaign (copied courtesy of the Huffington Post) may strike readers sympathetic to Romney as particularly exhilarating:

The good news: June was our best fundraising month of the campaign so far, exceeding all of our expectations. More than 706,000 people supported our organization last month. All told, our campaign, along with the Democratic Party ended June with $71 million to put to work.

The bad news: We still got beat. Romney announced today that his campaign, combined with the GOP, brought in more than $106 million. We're behind again -- and the gap is getting wider.

The fate of this election could be decided before voting even starts.

We have momentum, excitement on the ground, and more grassroots donors and volunteers than any campaign in history. But our opponent has an unprecedented money-for-influence machine geared towards funneling big contributions to his campaign, the Republican Party, and a network of super PACs and anonymous front groups.

There's too much at stake right now to fall behind. Think about what a Romney presidency would mean for the things we've fought for -- like Obamacare, which he says he'll "kill" on Day One. Like the kind of economy we believe in, where everyone gets a fair shake and plays by the same rules.

Each of us has to do our part to close this fundraising gap -- can you step today?

https://donate.barackobama.com/June-Numbers

Thanks,

Ann Marie

Ann Marie Habershaw

Chief Operating Officer

Obama for America

That's right - the Romney campaign reeled in $106 million this month. In other words, he made almost as much in a month as some Federal agencies spend in a year.

Nor is this the first time that the Romney campaign has outraised the Obama campaign - they beat them by $17 million in May, making June the second consecutive month that Obama's camp has lagged behind Romney's. This is going to lead to some tricky math for Obama, whose Super PACs and other semi-affiliated campaign apparati are also outspending Romney's by a sizable margin. Obama is quite literally spending money faster than he takes it in.

Come to think of it, that last sentence could be applied to so much of the Obama Presidency.