October 26, 2012

Romney heads for home with big money advantage

Rick Moran
It's taken most of the campaign season, but Mitt Romney now has the upper hand in spending over Obama. Businessweek: Republican presidential nominee Mitt Romney had a financial advantage over President Barack Obama entering the final weeks of a campaign that polls of likely voters show as a dead heat. The final campaign finance reports before the Nov. 6 election showed that Romney, the Republican National Committee and super-political action committees backing his candidacy raised just short of $1 billion through Oct. 17. That's about the same amount as Obama, the Democratic National Committee and his allied super-PAC combined. Romney and his allies entered the last three weeks of the campaign with $151 million to spend -- $50 million per week -- while Obama and the Democrats had $114 million, according to reports filed yesterday with the Federal Election Commission. "Obama's campaign bet on their ability to define Romney during the summer season, and outspent him by a large margin early on," said Rogan Kersh, a campaign-finance specialist and provost.... (Read Full Article)

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