Romney’s cash flow better than Obama’s

Updated
Frown face close-up on Monday.
Frown face close-up on Monday.
Kevin Lamarque/Reuters

Mitt Romney out-raised President Obama by more than $35 million, according to newly released fundraising numbers for June. Romney’s campaign and the RNC raked in $106 million — the best monthly haul yet in the 2012 campaign — compared to the $71 million brought in by Obama and the DNC.

June’s health care ruling might have contributed to the dramatic uptick in donations. The Romney campaign reported raising $4.6 million via 47,000 online donations within the 24 hours after the ruling.

“This month’s fundraising is a statement from voters that they want a change of direction in Washington,” Spencer Zwick, Romney’s finance chief said in a statement. This marks the second month in a row Romney has beat Obama in fundraising.

In the subject line of the email to supporters on Monday, Team Obama warned, “We could lose if this continues.” The newsletter broke it down as “good news” (June was best fundraising month yet) and “some bad news” (they “still got beat”). The note from Ann Marie Habershaw, Chief Operating Officer of Obama for America, added, “This is no joke. If we can’t keep the money race close, it becomes that much harder to win in November.”

We’re on track to witness the most expensive presidential election in American history. (Yeah, yeah, I know, they say that every year). In 2008, Obama was Mr. Money Bags, setting fundraising records to beat his Republican rival at the time, Senator John McCain.

Fundraising, John McCain, Mitt Romney and Barack Obama

Romney's cash flow better than Obama's

Updated