Another Negative Burn Rate Month for the Obama Campaign

As we expected would be the case after the Romney campaign released its July fundraising figures and the Obama campaign demurred stating they would only reveal their total at the filing deadline (today), it’s another negative burn rate month for the Obama campaign — it’s third straight. The details are just trickling in so I will update this post as the numbers come available, but the initial figures are very bad for Obama. Here is our post on Obama’s negative burn rates in May and June.

Obama for America raised $49.2 million in July and Spent $59.0 million. The top five expenditures last month were media buys ($39 million), online ads ($8.7 million), payroll ($2.9 million), payroll taxes ($1.2 million) and polling ($900,000).

Romney’s cash advantage now stands at $185.9 million to $123.7 million, at the end of July. Obama’s cash on hand figure is a decline from $144 million in June to $123.7 million at the end of July.

The $123.7 million figure is the combination of a few Obama campaign vehicles:

  • Obama campaign had $87.7M cash on hand at the end of July, down from $97 million last month. Debts owed by the campaign rose to $2.8 million.
  • Obama victory fund has $20.6 million although it also reported an outstanding debt of $5.5 million to BULLY PULPIT INTERACTIVE for online ads
  • The DNC cash on hand is $15.5 million, down dramatically from $37.5 million at  the end of June raising $9.9 million in July

Great “Cash on Hand” graphic from “FixAaron” at the Washington Post.

One Comment

  1. Romney will rise
    Posted August 21, 2012 at 4:05 am | Permalink | Reply

    Out with liar and in with Romney!
    Go R&R

2 Trackbacks

  1. […] 14-points four years ago. And if we want to talk about campaign finances, how about Obama’s negative burn rate every month since May (and some months even prior to that)?  How about Obama outspending Romney […]

  2. […] interestingly, in May, June, and July Obama was spending much more money than he was taking in (the “negative burn rate”) […]

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