Obama campaign says it will be out-raised in June
June 20th, 2012
05:42 PM ET
2 years ago

Obama campaign says it will be out-raised in June

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.

Also see:

Major GOP donor eyes $100 million in donations

Rubio to shelve GOP immigration plan

Romney credits governors with states' success

Sunny Romney predicts Wisconsin win


Filed under: Mitt Romney • President Obama
soundoff (91 Responses)
  1. Me IN HOUSTON

    "Massive money being raised by Republican side worries top Obama campaign officials"

    WELL, IT SHOULD!
    The only reason Obama had more money than the other guy last time is because of campaign finance laws.
    The Citizens United case opened the floodgates. Corporate money IS Republican Money.
    Romney is in the back pocket of big business and his presidency will favor them over the people...the little people. The ones who don't own NASCAR or fancy dancing horses.
    I see I need to make a donation to Obama TODAY

    June 20, 2012 05:47 pm at 5:47 pm |
  2. vic , nashville ,tn

    Rich candidate, wall street’s friend money will flow

    June 20, 2012 05:50 pm at 5:50 pm |
  3. IntelligentDesign

    At this point in the game its useless to complain about the money but we have to admit the supreme court is due for a shake up and replacements. How can they look at this mess and say they didn't see this coming. 1 billion spent to get a job that most CEO's make more than every year.

    June 20, 2012 05:53 pm at 5:53 pm |
  4. Obama 2012 - BEND Forward America, take another 4 long years of FAILURE

    "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."
    =======================================================================================
    ahhhhh..... boo hoo hoo.... lefties had no trouble with this when THEY were getting hundreds of millions from their labor union masters. Now the playing field is level and they are all whining and crying. I love it.

    June 20, 2012 05:55 pm at 5:55 pm |
  5. Obama 2012 - BEND Forward America, take another 4 long years of FAILURE

    "What is it that they're trying to hide from the American people?"
    ===================================================
    Their home address so the leftist union thugs don't come there to harrass, intimidate and threaten their families for participating in the election process. Democrats and lawlessness go hand in hand.

    June 20, 2012 05:58 pm at 5:58 pm |
  6. Thomas

    We have a military industrial corporiat complex . And now we have Super Pac industrial corporate complex .
    Lobbyist own our children's future . And to think of how much Super PAC money is from overseas interests .

    Thank you Judge Roberts ! Thank you for distroying our individual freedoms , the power of the individual vote !

    Corporations are people too !

    June 20, 2012 06:00 pm at 6:00 pm |
  7. Mike in Texas

    Let's just have the candidates wear race suits and drive in Nascar vehicles so we can see who is funding them.

    June 20, 2012 06:08 pm at 6:08 pm |
  8. Oh Well

    Of course the right will raise more money, they got the banks in their corner and the filthy rich who couldn't care less about the middle class. What is important is that the Dems have the people on their side, very evident by the enormous ammount of money they have raised in a total unequal field. The right doesn't have enough hicks in banjo country to support them no matter how much they rais.

    June 20, 2012 06:11 pm at 6:11 pm |
  9. AmericanSam

    If this concerns you, chip in what you can to Barack Obama. He can't afford to lose this election.

    June 20, 2012 06:14 pm at 6:14 pm |
  10. Four and The Door

    Even a greater advantage is Mitt Romney's ideas, philosophy of governing and that he is not such a partisan political hack like Obama turned out to be.

    June 20, 2012 06:21 pm at 6:21 pm |
  11. ted

    the reality of the whole thing is that the amount of money doesn't matter. Most Republicans will vote for Romney, Most Democrats will vote for Obama, and the non-committed will vote for whoever they want based on their ignorance of the issues determined by the baloney fed to them by the mainstream media.

    Obama/Biden 2012

    June 20, 2012 06:24 pm at 6:24 pm |
  12. California Gary

    This should surprise nobody.......there is a "club" of billionaires out there going all out to see if they can actually buy the U.S. Government. They have already bought several state houses, now they are trying for the big enchilada. Obama will be out spent, there is no doubt about that. The question is: Can big money actually buy enough votes to swing a national election. I hope not, but we will be put to the test.

    June 20, 2012 06:33 pm at 6:33 pm |
  13. Woman In California

    All we have to do is come out and VOTE and no amount of money is going to buy mine.

    Obama 2012 ALL the way.

    June 20, 2012 06:39 pm at 6:39 pm |
  14. Anthony

    Democrats are not going to out-raise Republicans this time. The rich are investing in the trillions they will get in Romney's tax cut plan, which will become trillions in deficits, because, let's face it, no one is going to cut the big items in the federal budget: the military, Social Security, and Medicare. Big tax cuts + no meaningful cuts in spending = big deficits.

    June 20, 2012 06:58 pm at 6:58 pm |
  15. Natalie

    What makes me laugh is that all these wealthy types who whine and scream about paying their fair share of taxes, yet gleefully toss millions to buy the Whitehouse....so they can whine and scream about hoarding their tax money. Then there's "all-American" Mittens who gets a free pass hiding his money in the Caymans. Somehow I think if that was Obama hiding his $$, there'd be Fox Noise outrage.

    June 20, 2012 07:12 pm at 7:12 pm |
  16. They ought to change from the elephant to the hippo...

    These guys aren't DONATING, they're INVESTING! Only a fool would think otherwise.

    June 20, 2012 07:48 pm at 7:48 pm |
  17. Melo-D

    All the money in the world will not change the fact that Willard is a out-of-touch flip-flopper. Obama shouldn't need as much money as Romney, Willard is a joke.

    June 20, 2012 07:50 pm at 7:50 pm |
  18. Carol

    Here he goes... Obama blaming others again. I'm tired of this guy who blames others with every chance he gets.

    June 20, 2012 07:53 pm at 7:53 pm |
  19. tony, michigan

    Money will not matter once you get these two debating in front of Americans. Once the debates start happening, president Obama's number will go up...

    June 20, 2012 08:00 pm at 8:00 pm |
  20. notabobblehead

    Democracy is DEAD, Adelson pledges $100,000,000, Koch Brothers pledge $50,000,000 and this is just the start of the plutocracy. The rich shall inherit or buy the country.
    Unions, Medicare, medicaid, social security, your pensions, your 401k, your bank savings, bonds, are DONE. It will all be in the hands of the bankers, wall street, insurance companies, Giant corporations.

    June 20, 2012 08:04 pm at 8:04 pm |
  21. 2020

    HOUSTON, HOUSTON. The big oil, the big contractor? the big Casino? ALL OF ABOVE. Shame on you.

    June 20, 2012 08:07 pm at 8:07 pm |
  22. jerry

    you leftist goof balls...you need to see who put money into obamas last campaign...that is besides the union interests... big big business, big pharma, wall street, and a huge host of special inttrests. The problem now for obama is many of these donators realize obama just isnt up to the job and they WANT OBAMA OUT!

    June 20, 2012 08:08 pm at 8:08 pm |
  23. doc handen

    I don't understand..they raise all this money for the complaint why can't they use some of that money for the people..or the buggit or the company's that need help or people that need help..what happens to all that money or extra money..help the USA. that's what the president is sapose to do..use some of that money now and show people you want you wasn't rom be president ..help us out..that's a lot of money

    June 20, 2012 08:15 pm at 8:15 pm |
  24. RRP

    Romey and The republican party better find more money cause it isnt enough to buy the White House....A million in my personal account might get my vote.. Anything less is not gonna happen.

    June 20, 2012 08:16 pm at 8:16 pm |
  25. MikeB

    What is Obama concerned about?
    He already has his travel, room and board, and even much of his media coverage paid for by tax payers and the media.

    June 20, 2012 08:18 pm at 8:18 pm |
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