How Was Your Fundraising Month?

Just don’t ask the Obama campaign … because they won’t tell you until they are required to because just like the previous months, I’m sure the Romney campaign smoked Obama.  It was a slight negative burn rate which would be a huge negative months ago like when the Obama campaign was irresponsibly blowing through its cash, but now there are less than 60 days left in the campaign there is no reason to hold anything back. We previously blogged that Romney again cracked the $100 million mark in August fundraising but were lacking the specifics. Now they have been released and it is a record month:

Mitt Romney’s presidential campaign announced early Monday that it raised $111.6 million during the month of August, its single best month of the campaign and the third straight month it has raked in more than $100 million.

The total combines fundraising for the Romney campaign committee, the Republican National Committee and a joint fundraising committee between the two, and it tops the $105.9 million raised by those entities in June and the $101.3 million raised in July.

Romney’s campaign says the three groups have a combined $168.5 million cash on hand, meaning they spent about $17 million more than they brought in for the month of August. That’s not surprising of course as spending — particularly on TV ads — ramps up at the end of a presidential campaign.

President Obama’s campaign has not announced its August fundraising totals yet, but he has been significantly outraised by Romney over the last two months. Obama, the Democratic National Committee and their joint fundraising committee had $123.7 million cash on hand at the end of July.

UPDATE: Kudos to Team Obama but let’s see just how negative their burn rate was and how much cash they have on hand.

For the first time since April, Chicago has outraised Boston, with the Obama campaign and the DNC pulling in more than $114 million in the month of August, while Romney and his supporting Republican committees raised $111.6 million, National Journal/CBS’ Sarah Huisenga reports.

2 Comments

  1. ed
    Posted September 10, 2012 at 8:11 am | Permalink | Reply

    I just heard from another site that Obama beat Romney by a few million….

  2. Posted September 10, 2012 at 2:00 pm | Permalink | Reply

    Yes he did and congratulations to him. Since Romney had a nominally negative burn rate, I can’t wait to see how bug Obama’s is going to be.

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