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Obama camp panics as fundraising falls short

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A new fundraising email out today from the Obama campaign sums up the month of June -- in a word, Mitt Romney and the RNC walloped President Obama and the DNC:

Friend --

Well, I've got some good news and some bad news.

Good news first: June was our best fundraising month yet. We exceeded expectations -- more than 706,000 people stepped up and pitched in for a grand total of $71 million raised for this campaign and the Democratic Party.

Bad news? We still got beat. Handily. Romney and the RNC pulled in a whopping $106 million.

So, to recap: We had our best fundraising month yet, and we still fell about $35 million short. We can win while being outspent -- but we need to keep it close.

You know what that means. We've got some work to do.

Pitch in $3 or more right now to start closing the gap.

The email goes on to insist that this election isn't about money, Obama campaign Chief Operating Officer Ann Marie Habershaw makes one final plea for... money.

And before the Obama camp starts insisting that Romney's support comes from big, bad corporations, it's worth noting that 94% of all GOP donations last month were $250 or less -- from an a half-million individual donors.

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