(CNN) – The most expensive presidential campaign in U.S. history did not disappoint in the final few weeks, with the campaigns, parties, and super PACs raking in checks – and writing them – totaling millions of dollars.
Mitt Romney's presidential campaign brought in $85.9 million in the final three weeks of the presidential campaign, just shy of the $88.1 million raised by President Barack Obama’s effort, which ended in debt.
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The Republican National Committee ended the 2012 cycle with $3 million in the bank. The Democratic National Committee, however, ended the year in the red. Both party committees ended the 2010 midterm elections with debt on their books.
The numbers emerged in campaign statements and new Federal Election Commission filings submitted Thursday, the deadline for reports which cover October 18 through November 26.
Romney raised $85.9 million, but his campaign did not say how much he spent in those final days.
He ended the month with $24.4 million in the bank. "The campaign continues to process invoices for pre-election expenses and forecasts that there will be less than $1 million at year end," the campaign said in the announcement.
Obama had nearly $5.4 million cash on hand at the end of the month but owed $7.2 million in debt. His campaign spent almost $176.4 in the final weeks.
RNC chairman Reince Priebus said he was "proud to announce that the RNC is completely debt-free after facing nearly $25 million in debt less than two years ago."
The committee raised $30 million in the final weeks of the campaign but did not disclose their spending.
A filing from the DNC showed the committee owed $20.5 million at the end of the period, though it still held $9.7 million in the bank. It raised $21.9 million and spent $22.5 million.
The primary pro-Romney super PAC, Restore Our Future, spent $45.5 million in those final weeks and ended the year debt-free with $842,000 cash on hand. It raised $22.1 million in that period.
The major super PAC supporting Obama, Priorities USA, had not yet disclosed their numbers, nor had the group Crossroads, which supported Republican candidates at various levels.
That just shows that the repubs could not buy the election with Romney
off shore bank accounts getting thicker–suckers
He raised so much money, but what did he get for it? I don't think he realized that he could buy the election like he tried to do in Iowa back in 2008.
Money down the drain!
Dems need to hold onto every dime and raise $1B again to defeat the Republican governors in the midterm 2014 as well as hold onto their Senators.
No wonder they're still talking about why he lost.....good money down the drain.
Spending that much money to buy "public office". Disgusting. Campaigning for president simply forever. Disgusting. The hate-filled campaign. Disgusting. National politicians as a whole. Disgusting. I'm spending my time writing to my representatives in D.C. We need to tell THEM what we think.
Whooee. PAC's are almost as good a cash cow as Christian televangelists. A good preacher, of course, could get in on both.
2016 WILL BREAK ALL RECORDS
Because both the Democrats and the Republicans will be raising funds for both the presidential primary and general elections. The Democrats did not have a presidential primary election this season because their man (Pres. Obama) was already in the White House. Therefore, by 2016 both the Democrats and Republicans will have to raise funds for both primary and general election campaigns.
It took US $ 2 Billion and more to educate people on the two candidates. Says a lot on general political awareness in the US. Given the media's ability to influence, it is obvious that they have a great responsibility in the educational as well as commercial process. They for sure will benefit from the ads in such campaigns.
Now the question: Where is the money today and if it has not been utilized, where does it end up? Regardless, it's refreshing that Democracy (upper case d for a reason), isn't for sale to the highest bidder.
All for Nothing! We all knew President Obama was gonna smash Mitt!
CNN the most biased network. Stop covering Romney. He already moved on so should you. In the past couple of months, Stupid Obama was not covered as much
Why is this news? He lost.....I don't want to hear about him and his party of losers any more!!!!!
What a HUUUUGGGGGEEEEE ...as the Donald would say, waste of money. LOL bigtime. I'm so glad the greedy Koch's and Adelson's of the world got their just deserts. Fomenting hate, greed and divisiveness really pays, right Rush Limpburger? Keep paying the huge bucks you fools !
It is really scary at how few people donated this $85.9 million dollars to Romney's campaign as compared to the masses that made up President Obama's donors. If Romney would have won the election, the control of the entire nation would be in the hands of a very small percentage of the people, and most of these donors remain undisclosed and in secret. I believe that Karl Rove's Crossroads GPS Super PAC was loaded with foreign money, most of it Saudi Arabian.
What a waste of money. I guess all those misguided donors were relying on Fox news for their information & actually believed Romney would win. Long live Nate Silver.
Money can't buy you love !
No refunds after sale .
He lost the bid–stop this stuff. Let this nation progress and forward.
Wasted money >:( A total waste of time, Romney never had a chance of ever becoming the next president. He, his money puppeteers and his many closet bigots was totally dependent and counting on the fear of the black man votes. Instead of fearing the black man the real america not only did we champion behind the black man, by showing up at the poles Nov 6, we held each other up as Champions of the American dream, which this president epitomizes. The personification of an American dream is President Barack Obama in a nutshell. Now that's the ticket. The arrogance of the Republican leadership never seen the true fabric of democracy coming until we were leaving. And after the dust cleared who should be still standing . . . President Barack Obama, God's choice! Period.
And it still didn't work!!
Who gives a rats'?
Correction, the twit followers WASTED $85M. Now adelson comes out to say that he is pro choice and pro everything the twit was for or against at one time or another and that he should have backed President Obama.
Losers all! (except the President)
the greatest stimulus to the economy of 2012 was the spending on campaigns
I agree with the article. The nation is indeed indebted to the DNC.