Monday, August 6, 2012

President Obama Spent his Campaign money like it's your tax dollars

He blew it!
President Obama has spent more campaign cash more quickly than any incumbent in recent history, betting that heavy early investments in personnel, field offices and a high-tech campaign infrastructure will propel him to victory in November.


The price tag: about $400 million from the beginning of last year to June 30 this year, according to a New York Times analysis of Federal Election Commission records, including $86 million on advertising.

But now Mr. Obama's big-dollar bet is being tested. With less than a month to go before the national party conventions begin, the president's once commanding cash advantage has evaporated, leaving Mitt Romney and the Republican National Committee with about $25 million more cash on hand than the Democrats as of the beginning of July.
Read the full story HERE.

hahahaha....And what does he have to show for it after throwing away all that money? He's basically tied with Romney in all the major polls.

What will he do once Romney is officially the nominee and legally allowed to spend all that money he's been raising?..... Maybe he can send his White House staff out on to Pennsylvania Avenue with some Windex and rags.

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MrX said...

Obama doesn't believe in budgets. At least, not balanced ones. This may be his downfall.

Anonymous said...

What people forget is that all that green stimulus will come back as re election donations.That has yet to be seen.