The day started out with what initially seemed like good news for the Obama campaign. It had beat its April fundraising haul, a mediocre $43 million, by bringing in $60 million in May:
President Barack Obama and his Democratic allies together hauled in more than $60 million for his re-election campaign in May, a large jump as he struggles to maintain a fundraising edge against Republican challenger Mitt Romney. …
It was also a dose of good news for Obama after a Republican victory in the closely watched Wisconsin governor recall election raised warning flags over Democratic fundraising and campaign organizing that could pose problems for the president in the November 6 general election.
After a string of flops for Obama — the failed Bain attacks, the dismal jobs numbers, and the Wisconsin loss — this finally seemed like a chance for some positive publicity. At least until the Romney campaign blasted out this email on its own May fundraising numbers:
Today, Romney for President, Romney Victory, and the Republican National Committee announced fundraising totals of over $76.8 million in May. The campaign and RNC have $107 million cash on hand.
Announcing the numbers, Romney Victory National Finance Chairman Spencer Zwick said, “We are encouraged by the financial support from a broad range of voters. To them, whether they are Republican, Democrat, Independent, a first time political donor, or a former Obama donor, this is not just a campaign; it’s an opportunity for the country. It is clear that people aren’t willing to buy into ‘hope & change’ again. Voters are making an investment because they believe that it will benefit the country.”
The biggest surprise is that Romney beat Obama’s May fundraising numbers by $17 million — and nearly doubled his $40 million April total.
That $107 million cash on hand is big news, too. The Obama and the DNC haven’t released their cash-on-hand numbers yet, but at the end of April it was $144 million, and their spending has been high lately. Romney seems to be quickly closing the gap.
Romney’s campaign has also released these details about his fundraising haul:
FAST FACTS About Romney For President, Romney Victory, and RNC Fundraising:
· Over $76.8 Million Raised In May
· 93% Of All Donations Received In May Were $250 Or Less
· $12 Million Raised By Donations Under $250 In May
· 297,442 Donations Received Under $250 In May
· $107 Million Cash On Hand
· Contributions Received From All 50 States And Washington, D.C.
The Obama campaign, which likes to tout its large number of small-money donors, reported that 98 percent of its donations were $250 or less. That’s still a higher percentage than Romney, but not by much. Democrats may be grumbling about political spending by super PACs and outside groups this week, but it looks like they already have serious competition from Romney and the RNC in terms of campaign fundraising as well.