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You are here: Home / 2012 Campaign / Breaking Down the Fundraising Numbers

Breaking Down the Fundraising Numbers

July 23, 2012 at 9:36 am EDT By Taegan Goddard Leave a Comment

First Read reports the Obama campaign “actually outraised the Romney campaign in the apples-to-apples comparison for the month of June, $45.9 million to $33 million. And it has more campaign money in the bank as of June 30, $97 million to $22.5 million, as well as a higher burn rate, 126% to 83%.”

“But where Team Romney outpaced Team Obama was with the RNC vs. DNC fundraising ($39.8 million to $20.5 million) and the victory fund money. Why these distinctions matter, as we’ve said before: While the campaigns control the party/victory fund money, there are limitations in how they’re able to use it. For example, coordinated party expenditures are limited to $21.7 million in this presidential contest.”

“Overall in June, GOP presidential campaign entities (Romney camp, RNC, American Crossroads, Restore Our Future) outraised the Dem groups (Obama camp, DNC, Priorities USA Action), $99 million to $72.6 million. So again: The Obama campaign has more money directly in its control, and Romney will be the beneficiary of a lot of help from outside groups.”

Filed Under: 2012 Campaign

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

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.

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

Goddard is the owner of Goddard Media LLC.

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