Team Romney outraised Team Obama $106 million to $71 million in June, making for the highest fundraising numbers yet of the 2012 campaign.
Obama's campaign upped its haul by $11 million from last month, but that's nothing compared to the 50% jump made by Romney's campaign, which leapt from $77 million. It's the second straight month that Romney has outraised Obama, and he has just about closed the gap between the two treasuries (Obama, who didn't have a contested primary, got a head start on his Republican challenger).
The numbers reflect the combined totals of the individual campaigns and the party committees. Romney and the RNC also have a joint fundraising committee, Romney Victory, which, yes, sounds like an evil spaceship.
| Related: Can Obama Turn Romney's Fundraising Advantage Against Him? |
PoliticOlogy has said before that since the Obama campaign has no hope of catching Romney in the fundraising race—if nothing, his allied Super PACs have pledged to carpetbomb the election with $1 billion—then it's in their best interest to play up Romney's coffers. Obama has been trying a middle class populist narrative the past few months, one that doesn't jive well with his, until now, unprecedented fundraising abilities: it's hard to act like you're sticking up for the little guy when you're also raising $750 million. However, if your opponent is outraising you by 25%, it's much easier to play the underdog. Going into the fall, expect to hear a lot about how Romney is buying the election for his rich friends, even as Obama rakes in hundreds of millions of dollars.
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