Obama’s Whopping Cash on Hand Advantage

The volatile Republican presidential primary has given President Obama
an opportunity to take full advantage of an incumbent’s fundraising
advantage, according to The Fix.

“Obama’s
campaign had $76 million cash on hand at the end of the month; the four
GOP candidates had less than $13 million combined. Even better for
Obama is the fact that Romney’s opponents closed the fundraising gap
significantly, which will reduce Romney’s spending advantage going
forward.”

Meanwhile, The Hill
notes that Mitt Romney started January “with $19.9 million on hand and
ended it with $7.7 million in the bank, as expenditures were nearly
triple the amount the campaign was able to raise… The pro-Romney
super-PAC, Restore Our Future, which by law cannot coordinate with the
campaign, also announced its January fundraising figures on Monday,
taking in nearly $7 million while spending twice that amount.”