Obama Campaign in the Red for May

Posted by on Jun 20, 2012 at 8:43 pm

Despite 2,847 fundraisers for the month of May (and probably more already in June), the failed president’s stumbling re-election bid is already spending more money than it’s bringing in. Quite symbolic considering this clown has spent trillions we don’t have. Makes you wonder why the boob has to spend anything considering all the fawning free publicity he gets from his media minions.

President Barack Obama’s campaign spent more than it took in over the month of May despite his frenetic fundraising schedule, leaving the massive operation with just shy of $110 million dollars cash on hand against $115 million one month earlier.

The embattled incumbent scooped up a hair over $39 million dollars but spent nearly $44.6 million, according to a formal filing with the Federal Election Commission. A more detailed breakdown can be found here.

The figures followed the release of data showing Republican standard-bearer Mitt Romney outraised Obama and Democrats in May—the first time the former Massachusetts governor topped the president in the 2012 cycle.

A senior Obama campaign strategist, briefing reporters on condition of anonymity, said earlier in the day that Romney would best his earlier total — and predicted that the Republican’s hauls, plus unrestricted super-PAC cash, would mean “we’re going to be the first incumbent outspent. “The super-PAC phenomenon has been a recurring source of handwringing at Obama HQ in Chicago. Aides say they worry that those deep-pockets will unleash an unprecedented blitz of negative ads—and that comparable entities on the Democratic side lack the cash to counter effectively.

Already playing the victim. Typical sniveling claptrap.

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