The Associated Press reported yesterday that during the month of June, President Obama’s campaign spent more than it collected. President Obama has been running the federal budget that way since he took office. Unfortunately he didn’t start with a surplus, so we are deeply in debt as a nation due to his spending.
The article reports:
June was the second consecutive month in which Romney brought in more money than Obama, finance reports filed Friday show. Romney’s money advantage prompted Obama’s campaign advisers to warn earlier this month that the president could lose the election if the financial disparity continued.
There is a little confusion in the above statement about the concept of cause and effect. If President Obama loses the election, it will not be because of the financial disparity–the financial disparity will instead be the result of waning support among the people who voted for the President in 2008.
According to the article, President Obama still has more money in the campaign bank than Governor Romney. The concern is that if the fund raising disparity continues, that money will soon be exhausted.
The Associated Press article leaves out a few facts. Many of President Obama’s donors give less than $200. Their donations do not have to be reported to the Federal Election Commission. Because the software on the President’s campaign website to prevent fraudulent and illegal contributions has been disabled, foreign donations are accepted. This was also the case in the 2008 election.
Power Line reported in April:
Urgent Agenda reader Adrian Murray wondered if the Obama campaign has become any more compliant this time around than it was last time. He conducted the necessary experiment and wrote Urgent Agenda proprietor Bill Katz.
Adrian Murray then attempted the following donation to the Obama campaign:
Name – Adolph Hitler
Address – 123 Nuremburg Way, Berlin, Germany
Occupation – Dictator
Employer – Nazi Party
After submitting, I received an email that began, “Dear Adolph, thank you for your generous donation….”
I then went to the Romney and Santorum websites and tried the same thing. Both rejected the donations with a message that the address could not be verified as belonging to the card holder.
Next time you hear the Obama campaign brag that their donations are mostly in small amounts, remember this!