Washington (CNN) - The big bucks being raised by Mitt Romney and the pro-Republican independent groups aiding his bid for the White House are a major concern, say top members of President Barack Obama's re-election team.
And one of the officials says he expects Romney's GOP presidential campaign to bring in $100 million in June, out-raising the Obama campaign for a second straight month.
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"I think he's going to have a $100 million month this month, between him and the [Republican National Committee]," said the official, who, along with other top members of the re-election team, spoke to reporters on background Wednesday. "I think Romney's going to continue to have big months. Combine that with the super PAC stuff and we're going to be the first incumbent outspent. That's clear."
Romney and the RNC out-raised the president and the Democratic National Committee by more than $16 million last month. And independent pro-Republican groups such as Crossroads (co-founded by Karl Rove), Americans for Prosperity (funded by the Koch brothers), and Restore Our Future (the super PAC dedicated to electing Romney president), have outraised and outspent the pro-Democratic groups that support the president's re-election.
Obama campaign officials predict a total of $1.225 billion will be raised by Romney's campaign, the RNC, and pro-Romney independent groups. And that worries top re-election officials.
"The two things that concern me about this race are externalities that we can't control. One is super PAC spending," says one of the officials. "The fact that Romney and his assorted super PACs are spending $20 million in 10 days in the last couple weeks in June is a harbinger of what's to come."
"It's a source of concern and there's no point in being cute about it," added the official. "We're having to use our money to respond to super PAC attacks and that puts us at a disadvantage that Gov. Romney doesn't have in this race."
The officials also highlighted that much of the money raised on the Republican side goes to independent groups that legally don't have to disclose their donors.
"Three quarters of the money that's being deployed right now is undisclosed money. You have no idea who's writing those checks," said the official. "What is it that they're trying to hide from the American people?"
While super PACs report to the Federal Election Commission and are required by law to publicly reveal their donors, groups such as Crossroads GPS, which has gone up with tens of millions of dollars of anti-Obama ads in key battleground states, report to the IRS and are set up as non-profit 501(c)(4) organizations do not have to reveal their contributors.
On Tuesday, Obama's re-election campaign filed a complaint claiming Crossroads GPS is in violation of election law by not disclosing its donors. In a letter to the Federal Election Commission, a lawyer for Obama's campaign argued that Crossroads GPS is a political committee–not a charitable organization–and therefore should meet disclosure requirements.
"We're going to push through in the courts, if necessary, to get exposure," said the official, discussing their legal push. "We are going to try and make clear where this money is coming from, what the motivation of those donors are who are writing the checks."
Responding to the complaint, Crossroads spokesman Jonathan Collegio described it as a "goofy sideshow" and pointed to a group supportive of the president.
"Folks would do well to consider this a goofy sideshow until Obama sends the same letter to Priorities USA - the group modeled after Crossroads but which supports the president. Obama doesn't care about the campaign laws; he only cares about silencing conservative groups that are holding him accountable for his failed record," Collegio said.
Priorities USA, the pro-Obama group, is also a 501(c)(4) non-profit group that is not required to disclose its donors. Similarly, it's connected to a super PAC, Priorities USA Action, to which the Obama campaign has urged donors to contribute.
Regardless of their concerns, the re-election team is confident they can overcome their expected disadvantage on campaign cash.
"I think we have certain advantages that will allow us to overcome that. The president is a well known person in this country, he's got a big following. We've got a big organization. While we don't have $10 million donors, we do have millions of donors who are giving an average of $51 a piece, and will chip away at it," said one official.
"I think we'll have the resources to do what we think we need to do to win this election," added another official.
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Screw rent. I am sending my next paycheck directly to the Obama campaign. Romney will destroy this country. He will double our debt. DOUBLE. Yet somehow, I bet you, the big corporations will still profit, even while 98% of America lives in poverty because of him. Is that really what you conservatives want the future to be like? You talk about making America prosperous again, but you'll vote for the guy who will do the opposite. What is the matter with this stupid country?? Why can't we just elect someone because of their policies and our common sense, not because of money or God or because he likes gay people or race or whatever other stupid reasons people think up.
How much of that romney money came from foreign sources???
Most likley most of it.
They should give all that money to the poor! Each should have the same amount.
Well if you can't win it fair and square ...stack the deck in your favor! It's the Republican way! It's the Supreme Court. It's the law!
Everyone for Obama, send in what you can. Even if its a dollar. If a million send in a dollar , that's a million more that can help with pamplets or a TV ad. Every dollar counts. Don't be embarrassed. It can help.
Despite the fact that Republican candidate, Romney and pro Republican independent group are raising more money than Obama campaign group, i still believe that president Obama will defeat Romney.
Big rmoney versus The People is what this race is boiling down to and luckily it is still June so that the GOPropaganda effort will be exposed for the nefarious amchinations of the NEO CON Artists waiting the wings ready to swoop in like vultures and spend, spend, spend on DEFENSE! Karl Rove and the burning Bushes are licking their chops meanwhile the ghost of Goebells churns good news into bad. The grassroots wildfire that is coming will have to stop the scorched earth policy of the Mitt Romney and the Greedy Old Politicians.
Money, paradoxally, does not seem to mean much to Republicans; easy come, easy go : might as well throw it away on a pretty boy!
It's a sad commentary in our country that a politician is able to "buy" the presidency. It certainly doesn't make for an even playing field and gives me pause to look at the sinking values in the political arena, and in particular, the republican party. The "old-guard" republicans at least had some morales, but today's breed are nothing but a bunch of muckrakers, who spend their time pandering to only the wealthy. Their mentality leaves room for nobody else.
LOL, last election Obama raised more money than any presidential hopeful in history through internet contributions, much of which was unverified meaning it wasn't vetted as coming from US citizens because most of it was under $100 a POP . At the time Obama said it was the will of the people, well I guess the will of the people has changed.....
Obama had his chance already just can't make, it's time to give to Romney the same opportunity,too many problems for Obama to solve in so little time.
We already know the desapoinment from this administration along with Bernanke and Geithner we going no were.
Oh cry me a river! These are the same people who announced last year they planned on raising a billion dollars for this campaign. They never dreamed a Republican would be able to out raise them, now that it's happening, they want to cry foul? They urge people to donate to their SuperPac, while complaining about the other guys? I guess when you can't run on your record, any subject you can come up with to deflect attention is ok!
It's not that the republicans are raising "massive" amounts of cash, it's that nobody trusts Obama anymore and donations to him are tanking, making the republicans funds look "massive" in comparison.
And you will continue to be outraised Mr. President, however take heart in the FACT that it is NOT the average citizen contributing to Romney's campaign, it is the corporations that he hopes to represent IF he gains the White House....which he won't. Corporations, according to Romney, may be people too, but they can't vote only PEOPLE can. And the PEOPLE are giving their contributions and their VOTE TO YOU Mr. President.
Walk in light and out of fear for God is with you.
Obama 2012. Because even Romney's "AMERCIA" deserves better.
Am I supposed to feel sorry for obama? Give me a break. You mean that obama hasn't reached his 1 billion dollar war chest goal? The obama team should be concerned. But not because of the amount of money raised but because of his broken promises and closed door policies.