Obama campaign says it will be out-raised in June
June 20th, 2012
05:42 PM ET
8 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. doc handen

    that is a lot of money. what happens to the extra? they should use it for the people. the buggit. the USA. the company's that need help. anything ....you don't need a lot of money to run a campaign and if you do there will be extra help the hungry the poor or rich..use it for good

    June 20, 2012 08:22 pm at 8:22 pm |
  2. scott

    Well what about Obama's Hollywood donors and big Wall street donors, not to mention the Democrats Super Pacs. Corporate money is also being sent to Obama. What about the money he is getting from the Cartels for selling them guns? That is why Obama invoke executive privilege.

    June 20, 2012 08:25 pm at 8:25 pm |
  3. mk1

    Of course they will be out fund raised. Al it takes is simply one of the big Republican money bags(Adelson and his hundred million he has pledged to name just one) to out raise President Obamas entire campaign. They can match dollar for dollar anything the President raises. Obscene is the only word that comes to mind.

    June 20, 2012 08:27 pm at 8:27 pm |
  4. Ronda in Houston, TX

    Massive money is being raised by Republicans, but it won't help. The people of the United States are sick of Congress not doing what they were elected to do which is create jobs to boost the economy. Just wait until November 2012. They will be voted out!

    June 20, 2012 08:36 pm at 8:36 pm |
  5. Bootstomper

    Looks bad for all the poor people.

    June 20, 2012 08:40 pm at 8:40 pm |
  6. Howard

    HYPOCRISY is when Obama spends a year bragging about his anticipated Billion dollar 2012 campaign warchest, and then demonizes Romney for taking in more money than he did. Another name for this phenomenon is POETIC JUSTICE. Hopefully, in November, America will rid itself of this corrupt lying thief.

    June 20, 2012 08:40 pm at 8:40 pm |
  7. Donkey Party

    And he's still leading Mitt Robot by double digits! Keep spending Mr. Adelson, Koch brothers, and foreign-owned corporations!

    June 20, 2012 08:41 pm at 8:41 pm |
  8. Lee927

    I hope independents see what this is doing to our democracy. Romney is doing everything he can to buy this election plain and simple. Look what he did to Newt....his fellow Republican! I have to believe there are still enough common sense people in our country who see him as he really is.....a flip flopper on the issues, cannot give a straight answer when asked and his continual distortion of Obama's record. No doubt he is disconnected from ordinary everyday people.

    Obama/Biden 2012!!

    June 20, 2012 08:49 pm at 8:49 pm |
  9. Chuck

    I'm less worried about how much money is being raised than where it's coming from.

    Democrats raise $100,000,000 with a million people.
    Republicans raise the same amount with a dozen.

    June 20, 2012 08:53 pm at 8:53 pm |
  10. 100 % ETHIO

    R = RICH
    D = ?

    It sounds like, the Democrats are giving-up..., before election time.

    June 20, 2012 08:55 pm at 8:55 pm |
  11. T'sah from Virginia

    ►Obama campaign says it will be out-raised in June◄
    It does not matter because we’re fighting against a bunch of goons
    WAKE UP AMERICA because you no longer decide and that's no joke
    A bunch of billionaires and racketeers are for R-Money and they're buying your votes

    And it's all for the 1% and maybe 40% of the 99% left is falling for it........WAKE UP – You are not part of the 1% so why would you vote against yourself!!!

    Obama 2012 – The Only Trusted Way Forward!

    June 20, 2012 08:57 pm at 8:57 pm |
  12. sittingduck

    The only way money will help Romney is if he sends $1,000 to every voter.

    June 20, 2012 08:58 pm at 8:58 pm |
  13. Dave in Arizona

    Clearly the economy is as bad as Romney says it is when he has this much money go towards his campaign.

    Funny thing is, a lot of this money is probably coming from the "job creators" that Republicans insist need money in order to make jobs. Shouldn't the be creating jobs with it instead?

    June 20, 2012 09:03 pm at 9:03 pm |
  14. gt

    both are pathedic..americans are takingit ball deep from both parties..

    June 20, 2012 09:05 pm at 9:05 pm |
  15. Darryl

    The money going to Mitt Romney is all from the wealthiest people in the country. ( Adelson, the Casino guy is a billionair. Wallstreet is also giving Romney millions.They will NOT give P.Obama any money because he put a STOP to their corruption and regulations that are still not yet in affect yet.If the BIG bUCKS can buy the U.S. and Wallstreet takes control of Health Care,Social Security,Education and Medicare like the Republicans want, then we are really screwed and Democracy as we have always known it will be NO-MORE ! People in this country will make enought to get buy and the Wealthy will get all the benefits and the middle class & poor will pay ALL the Taxes for the Trillions of dollars owed for the wars ect.What a shame if that happens.And Big Money could do exactly that.No wonder President Obama said this election was going to be the most important election in a lifetime forever.

    June 20, 2012 09:08 pm at 9:08 pm |
  16. bilk7

    Money doesn't always equal votes. Are the Koch Brothers and Addelson going buy off every American's vote?

    June 20, 2012 09:17 pm at 9:17 pm |
  17. Joseph

    Keep wringing those hands, lefties.

    June 20, 2012 09:20 pm at 9:20 pm |
  18. DW

    United States, now bought by the highest bidder. Our forefathers must be doing flips in their graves.

    June 20, 2012 09:24 pm at 9:24 pm |
  19. elle

    Why do people donate so much to these candidates to run a race for a chance to make a difference? If people would be so willing to donate money to the governments debts or towards a much needed program fund, then our economy might not suck so much.

    June 20, 2012 09:25 pm at 9:25 pm |
  20. mike

    The perfect example that highlights the fraud American "democracy" really is. We all know that the donors not being disclosed are wall st banks like Goldman Sachs, JP Morgan, etc. Who needs a democracy when you can buy whatever you want?

    June 20, 2012 09:27 pm at 9:27 pm |
  21. myk_H

    There are also many billionaires that believe in Obama and true democratic values. But they'll have to break from their belief in the immorality of it for this once. At least until we get the problem created by the SCOTUS corrected through a constitutional ammendment.

    June 20, 2012 09:36 pm at 9:36 pm |
  22. Rich

    This should be a worry for the American people. The big Corporations and yes, some overseas, will be electing your next President. The American people have lost their vote and voice as to who will be elected. The Republicans and conservatives have turned this nation over to a select few. Those are the rich and big Corporations.
    Just look at the vote that is taking place in the Senate and House in a few days on the FARM AIDS bill. It gives $969B dollars to big farm corporations during the next 10 years. Yes, $969B more debt, voted by the Republicans. In that bill it takes $104B away from seniors and the poor. This is what the Republicans think of the American people. Support the big corporations and take from the poor. People you need to be concerned what the Republicans mission is if they get in power. Romney intents to trash the average individual. He indicated in MICH. he will do what the Republicans Governors have done. This is serious Americans. The Tea Party is silent on this new $969 Billion in debt. So who is creating the DEBT. REPUBLICANS. They are not telling you, they are feeding you misinformation. just like FOX NEWS does 24/7. People vote smart in November, it is your life you have to be concerned about.
    Boehner is complaining about the dream act that Obama issued the executive order on. The Republicans have had since 2007 to pass the Dream Act, with G. Bush Support and they refused. They do not want any resolves on immigration. Don't let them feed you misinformation. .

    June 20, 2012 09:49 pm at 9:49 pm |
  23. Jr.

    It not the big spending thats going too win. It the truth. Romney is not for middle-class America nor imigrants. OBAMA just stay with the truth that'll work. Cause in the presidential debate thats when America will see what a dusbag Romney is. Just like McCain. Money cant give you brains. And thats what Obama has alot of. And sense. Smart Smart black man.........Can You Dig It....Show ya Right

    June 20, 2012 09:56 pm at 9:56 pm |
  24. California

    And here the dems were so happy about Hussein raising $1 Billion for his campaign. Put that fire out real quick. HA HA HA

    June 20, 2012 09:59 pm at 9:59 pm |
  25. Como

    And the millions of $$ raised by Obama in 2008 were OK but Romney's millions are not? The way Obama is going he may end up spending his money on a defense attorney and not the re election campaign.

    June 20, 2012 10:04 pm at 10:04 pm |
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