News / USA

    Romney Surges Ahead of Obama in Campaign Fundraising

    Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets a group of supporters gathered outside his fundraising event on Monday, Aug. 20, 2012 in New Orleans, Louisiana.
    Republican presidential candidate, former Massachusetts Gov. Mitt Romney greets a group of supporters gathered outside his fundraising event on Monday, Aug. 20, 2012 in New Orleans, Louisiana.
    The campaign of presumptive Republican presidential candidate Mitt Romney has a huge lead over President Barack Obama's campaign when it comes to money.

    According to Federal Election Commission reports filed Monday, Romney and the Republicans raised $101 million in July, compared with $75 million raised last month by  Obama and the Democrats.

    The Republicans had a total of $186 million in cash on hand, funds that are immediately available, while the Democrats had $124 million.

    Those totals do not include money spent by outside political groups, including political action committees and politically active non-profit groups.

    The Politico website reported Monday that during the first half of August, the largest pro-Romney organizations spent eight times more than the largest pro-Obama political action committee, Priorities USA Action.

    The Republicans will hold their national convention in Tampa, Florida, next week, during which they are expected formally to nominate Mitt Romney as their presidential candidate.

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    by: Jeff Burdick from: Chicago, USA
    August 21, 2012 5:40 PM
    But does this spending deficit matter? Obama is blessed with an inept opposition that money can't buy. The Republicans are masters of self-distraction. The game plan for unseating an incumbant president is pretty simple: make it a referendum on the incumbant. "It's the economy stupid." "Are you better off than four years ago." Instead these Republicans are making their own tax returns, ending Medicare, and lose-at-all-cost rape debates the dominant issues. God love a weak opposition. For a few intended laughs, enjoy this funny blog item about Ann Romney's recent "No new tax returns" interview on NBC: http://bit.ly/MCkCtw

    by: Godwin from: Nigeria
    August 21, 2012 1:07 PM
    It's sign of a good thing. Mitt Romney will also surge past Obama in popularity soon, because Americans are soon to see what he represents to all Americans and American interests. This is a sign that Americans are prepared to reclaim their America and reposition it in its pride of place in the comity of nations which is at very low levels presently.

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