According to Buzzfeed, the Romney campaign spent far more during the month of August than they took in. Because fiscal responsibility.
Mitt Romney’s presidential campaign announced early Monday that they have raised more than $100 million for the third consecutive month, but spent more than $17 million more than they took in.
The $111.6 raised, puts the total brought in by the campaign an associated Republican groups at $319 million since the beginning of June. But Romney’s cash on hand actually decreased despite the haul, amid apparently heavy spending. [...]
Campaign officials did not comment on what was responsible for the $129 million in spending in August. Their July outlay was over 40% less at $75.4 million.
And what do they have to show for it? Nothing. On the contrary, Romney has slid backwards in the polls.
Rasmussen now has the president leading by 5 percent and CNN has him leading by 6 percent.
This post-convention bump, if that’s what it is, could fade over the next month, but the Romney campaign spent an awful lot of money just to sink in the polls.
Additionally, the Obama campaign out-raised the Romney campaign in August thanks to over one million individual donors.
(Reuters) – U.S. President Barack Obama’s campaign and Democratic allies raised more than $114 million in August, narrowly beating Republican rival Mitt Romney for the first time in months as the race for the White House approaches its final stretch.
“The key to fighting back against the special interests writing limitless checks to support Mitt Romney is growing our donor base, and we did substantially in the month of August,” Messina said in a statement.
“Fueled by contributions from more than 1.1 million Americans donating an average of $58 — more than 317,000 who had never contributed to the campaign before — we raised a total of more than $114 million,” he said. “That is a critical downpayment on the organization we are building across the country — the largest grassroots campaign in history.”
There is no reason to become complacent, but there is ample reason to be confident.