The State of the Money Race

First Read: “After all the reporting from a couple of weeks ago that Romney outraised Obama in May, well technically that isn’t correct. In the true apples-to-apples comparison for the campaigns, the Obama camp outraised the Romney camp last month, $39.1 million to $23.4 million. What’s more, the Obama camp has $109 million in the bank as of May 31, while the Romney camp has $17 million.”

“But where Team Romney outraised Team Obama was with the major party committees (the RNC’s $34.8 million vs. the DNC’s $20 million) and the victory funds. What’s going on here: A larger portion of the pro-Obama money is coming in the form of contributions to the campaign (where the maximum donation is $5,000), while a larger portion of the pro-Romney dough is coming from donations to the RNC (max is $30,800) and Romney’s victory fund.”

Rick Klein: “This election won’t be determined by either side running out of money. But a few data points suggest that the Obama campaign isn’t spinning by saying it will be outspent, as unthinkable as that is for an incumbent to have to worry about. Mitt Romney is coming off a record-setting, $6 million to $8 million day in Michigan — yes, Michigan — with a super, mega fundraising weekend coming in Utah this weekend… It’s only June, and already Romney has erased, if not reversed, the financial edge of the most prolific fundraiser in American politics.”