Brief Fundraising Update

There was a bit of a scare last night as reports broke that Mitt Romney's supposed huge cash advantage had not only disappeared, but Obama had turned the tables on him completely.

After dominating the fundraising race for much of the summer, Republican presidential candidate Mitt Romney started the fall campaign sprint with a little more than $50 million available to spend and a large loan to repay, campaign-finance reports filed Thursday show.

Romney raised nearly $67 million in August and spent nearly as much, according to his filings with the Federal Election commission.

President Obama spent even more, burning through nearly all of the $84.8 million he raised in August, but he ended the month with nearly $89 million in cash reserves. Overall, Obama and the Democratic Party raised about $114 million in August, edging past the $111.6 million haul by Romney and the Republican Party.

Before this developed into a full blown freak-out, Reince dropped the hammer.

NEWSFLASH - Cash On HandRNC - 76.5 millDNC - 7.1 mill

— Reince Priebus (@Reince) September 21, 2012

More August Facts:DNC spent 21.9M and RNC spent 47.8M; RNC raised 35.6M and DNC raised 13.6M; Final Cash on Hand RNC 76.5M - DNC 7.1M.

— Reince Priebus (@Reince) September 21, 2012

This breaks down to:
DNC + Obama = $95.9 Million cash on hand.
RNC + Romney = $127 Million cash on hand.

Regardless, it wouldn't hurt to toss Romney some coin for the homestretch.

posted by JohnE. at 11:55 AM

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