Obama recaptures fundraising mantle in August
For months, Mitt Romney has been outraising President Obama in monthly fundraising leading to concerns among Democrats that the President would have trouble matching the GOP nominee dollar-for-dollar down the stretch. The President is still at a disadvantage overall but the month of August showed a slight turnaround for the Democrats.
Report from the LA Times:
For the first time in four months, President Obama won a narrow victory over Mitt Romney in the campaign fundraising race.
Obama’s August total — more than $114 million between his campaign and the Democratic Party — marks the first time the incumbent president has out-raised Romney since his challenger secured the GOP nomination in April.
Romney’s haul, through a joint fundraising effort with the Republican National Committee, totaled $111.6 million. Both campaigns released their finance figures early Monday morning.
It is the first time this election season that Obama raked in more than $100 million in one month. Romney has done so for three consecutive months.
Team Romney ended August with $168.5 million in the bank; the Obama camp did not reveal how much cash it has on hand.
I would have to credit more election coverage with giving the President a boost, probably among his party faithful. The Obama campaign has been making countless impassioned pleas with supporters and perhaps it is beginning to pay off.
Filed in: Democrats Tagged in: