Obama Spends More, Raises Less

Worth Clicking: Blasts from the past wound Romney

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February 22, 2012

Obama Spends More, Raises Less

An analysis by the Boston Globe shows that President Obama "did not raise as much money from supporters last month as he did during January 2008 in his first campaign for the White House," and he is also "using up cash at a far greater rate than the last incumbent to seek reelection, George W. Bush in 2004."

The numbers: "Contributions to Obama and the Democratic National Committee combined were down 30 percent last month compared with January four years ago. Together they raised $29.1 million in January. That is down from $41.7 million in January 2008... The Obama campaign spent $17.2 million last month, leaving $76 million cash on hand. Eight years ago, Bush raised $12.9 million in January, spent $7.6 million, and had $104.4 million in the bank heading into February... But the campaign also had a payroll of nearly 360 employees in the last quarter of 2011, about 200 more than Bush-Cheney during a comparable period eight years earlier."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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February 22, 2012