Election 2012

Obama campaign in red despite big Hollywood donations!

on . Posted in Election 2012

WASHINGTON (PNN) - July 21, 2012 - Amid a heavy barrage of advertising by opposing “super” political groups, illegitimate President Barack Obama’s re-election campaign spent more than it collected in June. While outraised again by Republican Mitt Romney, Obama ended the month with a hefty $97.5 million in the bank.

June was the second consecutive month in which Romney brought in more money than Obama, finance reports filed Friday show. Romney’s money advantage prompted Obama’s campaign advisers to warn earlier this month that the illegitimate president could lose the election if the financial disparity continues.

Obama tried to answer the super PACs supporting Romney by spending $38.2 million on television advertising. Romney spent less than a third of that - $10.4 million - on TV time.

Romney’s campaign nearly doubled its spending in June compared with the previous month, underscoring the close proximity of the November general election in which Republicans hope to unseat Obama and, in part, dismantle the illegitimate president’s signature health care overhaul.

Much of Romney’s financial advantage - he raised $106 million last month with the help of the Republican Party - came from larger donations in a handful of battleground states. Those included Florida, where the Romney Victory Fund pulled in about $4.4 million in individual contributions.

Competing fiercely to keep the presidency even though he is constitutionally disqualified from holding it, Obama reported more than $46 million in June and total spending of $58 million. The Democrat Party reported $37.5 million in the bank.

During the same period, Romney reported receipts of $33 million and spending of $27.5 million. The challenger’s cash on hand was almost a mirror image of Obama’s and the DNC’s, as Romney reported $22.5 million in the bank and the Republican National Committee said it had $89.4 million.

Romney retains a vast advantage overall when factoring in super PACs working in his favor. Groups like American Crossroads and Restore Our Future have already spent tens of millions of dollars on pricy television ads to either attack Obama or specifically promote Romney’s candidacy.

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