Obama's coffers far fuller than Romney's as campaign entered final two months
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(AP) WASHINGTON — At the end of August, President Obama had about $88.8 million to spend on the final months of the campaign, nearly twice as much as Republican rival Mitt Romney, according to campaign fundraising reports released Thursday.
While Romney's report showed he had $50.4 million to spend as of Aug. 31, he also owed $15 million on a $20 million loan taken that month.
The loan helped Romney pay for mailings, staff salaries and TV advertising — and it helped his finances appear healthier on paper. It also boosted his cash-on-hand total from $35.4 million — a number that's closer to a third of Mr. Obama's haul.
While Romney raised about $66.6 million in August to Mr. Obama's $84.7 million, the $20 million loan boosts Romney's total receipts to $86.6 million, slightly higher than his Democratic opponent's take.
Both Romney and Mr. Obama spent about as much as they raised during the month of August. Romney spent about $66.4 million, while Mr. Obama spent about $83.7 million.
Romney and the Republican Party raised more than $111 million combined. That was less than Mr. Obama and the Democrats, who raised more than $114 million.
Romney took out a $20 million loan in late August, in the days before his campaign had access to funds they had raised for the general election, because he was not yet the official nominee. He used general election money as collateral for the loan.
The new report shows he paid back $5 million before the end of August. The campaign said it had paid back an additional $4 million in September, although that data won't be publicly recorded until next month.
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Mitt Romney has been so effective for the Obama Campaign I can see how the Dems can cut back on spending.
Mitt's the best guy Obama has for his campaign!
compared to Robmee 99% of us are poor
now put your arm back in its socket after that reach
the poor victims of the media
are they supposed to lie about Robmee's lies?
and I thought Pox snooze had the best ratings?
Is is because you want to make the masses feel that Obama is worthy of respect where Mitt Romney isn't?
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call it what it is
how can you respect desperation pandering?
how can you respect pathological lying?
how can you respect a different message every 5 minutes?
we are starting to see the few remaining donors that will support a bald faced liar and a guy who changes directions faster than Barry Sanders.
This whole story is a lie Romney had more than 100 million more as of the end of August. CBS is nothing more than a liberal propagada station, ask Dan Rather..he got himself fired for lying about GWB at the end of the Kerry debacle..what a bunch of losers
by mollysmop September 21, 2012 8:39 AM EDT
WEll is'nt that SOMETHING...After ALL the "hard-work" obama has done in "SHOWBIZ-FUND-RAISING", and "House-Hopping" with the "stars" to make a buck....Instead of working hard for "the people"...does obama remember "US"?????He had forgotten, so he could mingle with the people he puts down the MOST, as being too wealthy...Where are the pictures of his Party the other night with $800.00 bottle of "beer"???...Oh! forgot THE FOOD STAMPS....THE Wanna-be "movie-star" wants us to VOTE now... he is soooooo "out of touch with the voters"...
OK boys and girls, let's get your stories straight - which is it? He either doen't have more money than Romney or he does due to hanging out with Hoolywood elites. Make up your mind.
http://elections.nytimes.com/2012/campaign-finance