Obama campaign outraised Romney campaign in August
September 21st, 2012
12:25 AM ET
2 years ago

Obama campaign outraised Romney campaign in August

(CNN) - President Barack Obama and his allies raised nearly $85 million in August, outpacing Romney's haul in the month which saw both parties’ national conventions, campaign finance paperwork filed Thursday with the Federal Election Commission showed.

Obama's campaign spent heavily in the month, too, with their haul of $84.8 million just surpassing their $83.7 million in August spending.

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His campaign ended the month with $87.7 million cash on hand, passing Romney's $50 million cash on hand at the end of August.

In July, Obama raised $75 million.

Obama's campaign allies at the Obama Victory Fund supplemented his campaign's haul with an additional $39.6 million. Obama is allowed to fund-raise and spend in conjunction with the Victory Fund, while coordinating with some other groups, such as super PACs, is prohibited.

Both candidates ended the month with debt on their balance sheets.

The Obama campaign owed money to vendors, the largest of that amount - $1.6 million - being due to an advertizing agency whose website says it was founded by members of Obama's 2008 digital team.

Romney's debt was in the form of a loan taken to tide over his campaign before general election funds became available in after the party's conventions.

Also see:

– Ryan gives House GOP a 'pep talk'

– Defending Romney, McCain cites 2008 campaign trail misspeak

– Romney to ramp up campaign schedule with bus tour

– Pawlenty takes post at Financial Services Roundtable

– Letterman: No hard feelings toward Romney


Filed under: 2012 • Fundraising • President Obama
soundoff (39 Responses)
  1. Bee

    Obama's motto is "Forward," but Mitt the Twit would have us go "Backward."

    September 21, 2012 01:26 am at 1:26 am |
  2. Jared

    And I meant the total cash on hand with both the rnc and dnc respectively.

    September 21, 2012 01:32 am at 1:32 am |
  3. AmericanWaxwing

    I'm not voting for Mr. Obama this November. There's no way I'd wish four more years of him upon anybody, my children and grandchildren included. We really need Mitt Romney in office.

    September 21, 2012 01:50 am at 1:50 am |
  4. Hillcrester

    So much for the critics who claimed Obama was facing trouble in raising money.

    September 21, 2012 01:52 am at 1:52 am |
  5. Mike

    Romney needed a loan to keep him going till he got government funds? Did he ask his parents for money? Was he afraid to borrow from his own fortune, perhaps fearing he wouldn't be repaid? Sounds like he doesn't trust the leadership of his own campaign – himself! I sure don't.

    September 21, 2012 01:55 am at 1:55 am |
  6. penny wright

    This accounting does not include SuperPACs.

    Republicans have only won the popular presidential vote one time in the last 20 years.....2004.

    So the only way Republicans can win is for the Supreme Court to change the rules on campaign contributions, allowing billionaire donors to give hundreds of millions of dollars to Romney's campaign, and then have the states illegally block people's right to vote.

    September 21, 2012 02:02 am at 2:02 am |
  7. James

    All that money could help our poor but insead all their both interested in is glory. Shameful !

    September 21, 2012 02:03 am at 2:03 am |
  8. Flipider.com

    Hey.
    Spend some of that campaign money on advertising with my website Flipider...com...

    You get some cool full picture with InTab scripting and you get to help build the next generation OS and User Interface for the world to use.

    Thanks
    RobDog

    September 21, 2012 02:07 am at 2:07 am |
  9. Stephen G

    Not only is this article old news (after all, we are over halfway through September), It also has a few misspellings and leaves out a few facts. For example, there were probably red squiggly lines underneath the way you spelled advertising. It might also be helpful to tell the amount of Romney's debt, since you made mention of the numbers for Obama.

    September 21, 2012 02:16 am at 2:16 am |
  10. Griff.

    "I guess you do???"

    September 21, 2012 02:32 am at 2:32 am |
  11. Griff.

    "Well you got it from me, and I am Spontanius!"

    September 21, 2012 02:34 am at 2:34 am |
  12. WILL

    the amount of money being spend on this election is mind boggling. Look how many poor could be helped with such funding or even schools could put new roof on their buildings or update playgrounds, get new books. This is stupid to spend so much.

    September 21, 2012 02:39 am at 2:39 am |
  13. Rob

    What's probably happening, large corporations see that Romney is not going to overtake Obama, so they have to invest their money in Obama. Got to love how corporations can influence our government regardless of who wins. So much for "Government of the people, by the people, for the people"

    September 21, 2012 02:41 am at 2:41 am |
  14. BeverlyNC

    That speaks volumes since President Obama's money primarily comes from grassroots donors (i.e. the People with an average donation of $34). ALL of Romney's money comes from the corporations who he has made promises with to betray us with no regulations on the polluter industries, no regulations on the banks again, no corporate taxes, and even betraying worker rights to items like the existence of a minimum wage, workers comp, and unemployment insurance. Romney is not even elected but has already sold us out for campaign cash. Not a leader and definitely not a man I would trust with the Presidency. I will stand with my President Obama who stands up for ALL Americans without seliing us out. He works for us and has proven that his entire time in office. He has never given up on jobs, economic recovery and people-aid legislation despite constant and record-breaking obstruction and filibustering by Republicans in Congress. Just yesterday, Seante Republicans, like Senator Burr from my state who co-authored a bill for more job programs and healthcare for our veterans, then turned around and filibustered it since it appeared to have a 58 – 41 majority to pass. Our veterans are not a poltical games except to Republicans.

    September 21, 2012 03:08 am at 3:08 am |
  15. M

    Romney – you can't win on lies

    September 21, 2012 04:07 am at 4:07 am |
  16. M

    Romneys rich pals are not going to buy th election out

    September 21, 2012 04:11 am at 4:11 am |
  17. JerPell

    Funny..When Romney was out raising Obama earlier CNN made it look like the rich being rich....Now Obama finally has a good money raising month and it's like the second coming of Christ!.....

    September 21, 2012 04:58 am at 4:58 am |
  18. carlcid

    Paul Ryan is concentrating on his congressional campaign, just to be sure he still has a job come November. Tim Pawlenty ditched the Romney campaign to become a Wall Street lobbyist. Now even Mitt Romney's financial backers are abandoning him, afraid to throw good money after bad!

    September 21, 2012 05:59 am at 5:59 am |
  19. Marie MD

    You are welcome and there's more coming from our family.
    I heard on the radio yesterday something that makes you realize that money can't buy happiness or an election.
    All the billions that millionaires and billionaires have given the twit's campaign seems to be wasted money (I am sure they will geet it back somehow come tax time but . . . .) it took one low paying waiter at a $50,000 per person plate just a little camera aimed right at you to sink a campaign that has been going on for over seven years.
    The 47% are smarter with so much less aren't we twit?

    September 21, 2012 06:51 am at 6:51 am |
  20. T'sah From Virginia

    That's part of the $15 I donated – And I donated another $15 this month and next month, I will do the same... Hmm, I guess those small donors add up after all!!!

    Obama/Biden 2012 – The Only Trusted Way Forward!!

    September 21, 2012 06:52 am at 6:52 am |
  21. EG

    Could it be Mitts donations are falling off because his donors are beginning to feel like they are spending money on a losing cause. I mean who wants to waste their money.....

    September 21, 2012 07:03 am at 7:03 am |
  22. AF

    Welcome to campaign financing under Obamacare!

    September 21, 2012 07:04 am at 7:04 am |
  23. liberal disease

    Hey libs, where is all your 1% er talk now? oh right some how Rich lib money is cleaner!

    September 21, 2012 07:06 am at 7:06 am |
  24. liberal disease

    so you geniuses give this dope more money so you can elect him so he can take more of your money..good move!

    September 21, 2012 07:09 am at 7:09 am |
  25. S.B. Stein E.B. NJ

    The Obama campaign didn't need that money until now. There was no primary.

    September 21, 2012 07:16 am at 7:16 am |
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