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.Read the full story HERE.
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.
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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