Romney hasn't reached financial parity with Obama -- yet

 

President Obama and his allies continue to hold a sizable fundraising advantage over Mitt Romney and his allies, including a 2-to-1 edge in available cash, according to the latest totals filed with the Federal Election Commission.

The numbers show that Team Obama (the campaign, the DNC, and the major pro-Obama Super PAC Priorities USA Action) had a combined $144 million cash on hand as of April 30, and it raised $41.7 million last month.

That's compared with the $77.5 million in the bank that Team Romney (the campaign, the RNC, the pro-Romney Super PAC Restore Our Future, and the anti-Obama Super PAC American Crossroads) has reported, and it raised a total of $29.5 million in April.

But these fundraising figures tell only part of the story.

Last week, the Romney campaign announced raising a combined $40 million with the RNC and other committees -- essentially equaling the Obama-DNC haul -- which spurred stories about how Team Romney was catching up to Team Obama. The Romney camp also said it had $60 million in bank.

But the fundraising totals the Romney camp filed with the FEC are short of those numbers.

So how did it come up with $40 million raised in April and $60 million in the bank?

The Romney campaign tells First Read that its Victory Fund brought in $17 million, but those numbers won’t be filed to the FEC until July. That $17 million -- added to the campaign's $11.7 million and RNC's 11.4 million -- gets you to $40 million.

And the Romney camp gets to $60 million in the bank when adding up the campaign's cash on hand ($9 million), the RNC's ($34.8 million), and that Victory Fund ($17 million).

 

Overall, when you add up the totals for the campaigns, political parties, and top Super PACS, here’s where we stand:
Team Obama raised in April: $41.7 million
Team Romney raised: $29.5 million (they are also counting that extra $17 million from the Victory Fund)

Team Obama cash on hand: $144 million
Team Romney cash on hand: $77.5 million cash on hand

The components:
Obama: $25.7 million raised, $115 million cash on hand
DNC: $14.4 million raised, $24.3M cash on hand
Priorities USA Action $1.6 million raisd, $4.7 cash on hand

Romney: $11.7 million raised, $9 million cash on hand
RNC: $11.4 million raised, $34.8 million cash on hand
Restore Our Future: $4.6 million raised, $8.2 million cash on hand
American Crossroads $1.8 million raised, $25.5 million cash on hand

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President is the man to keep in the White House. Unlike his Republican counterparts that want to raise the interest rate on loan repayment President Obama is keeping those interest rates low so that Americans can afford to goto school.

Those who cannot attend traditional schools are being encouraged to participate in Online Learning Programs that they can complete from the comfort of their.

The Republicans do not like Americans having this ability because it takes away from their ability to dictate or determine who does what and who learns what.

Why else would the GOP try to raise the interest rate on school loans?

One to deter Americans from reaching for higher education goals. Goals that always take away from the political bases ability to blow smoke up an Americans ass.

Higher interest rates on loans are also meant to make money for the GOP so they can fund their luxuries and expensive habits.

Basically if the interest rates are doubled on loans then only 1/8% of the doubled amount actually goes to pay for the loan officers services while the remaining 7/8% of the loan goes to any one GOP sponsored event.

So instead of paying back your original loan amount plus interest that goes to pay the loan officer for their services the interest rate increase under the Republican Plan for loan repayment would see a certain amount skimmed off of the top for their needs.

Needs and wants that the borrower did not sign up for nor has to tolerate in paying.

The Treasury was full during Clintons administration because America trusted Bill Clinton then along comes Bush and wiped the Treasury out with wars hoping that he could achieve the same success as Bill Clinton but as America can tell the monkey see monkey do mentality of the GOP has taken America down a dark road that if the GOP elected to office under Romney excessive abuse of Executive Powers to get the money back that was spent on the wars in the Middle East will cause the deficit to continue to double in the first two three years of Romneys term.

Coupled with the high gas prices at the pump are another reason that student loans are not being paid back.

America has been drawn into a single tunnel of thought where its either pay bills. pay school loans or pay for gas to get back and forth to work. Instead of being able to balance a multiple budget Americans can now only focus on a single bill at a time.

The last administration was a disaster and with Romney being supported by Dick Cheney we all know what type of administration Romney's will be.

It will be a Dick Cheney dictated regime that will see the same problems that were encountered during Cheneys time in office as the VP.

Dick Cheney is still trying to get into the White House as the President of the United States so he can say that he was the President of the United States.

An ego that America cannot survive under.

    Reply#53 - Tue May 22, 2012 12:45 PM EDT

    Has Cheney invited Obama to go bird hunting with him?

      #53.1 - Tue May 22, 2012 12:51 PM EDT
      Reply

      Occupy Chicago. Those are supposed to be Obama supporters. From their appearance, they are more likely to be demanding money than donating to campaigns. Anyway, they are what they are; they agree on one thing: To each according to his/her needs; from each according to his/her contributions--of course, needs and contributions will be determined by government...that makes them not just Democrats but Obama Progressives..

        Reply#54 - Tue May 22, 2012 12:49 PM EDT

        Be careful how you 'dis' Obama. Hell hath no fury like a narcissist scorned.

          Reply#55 - Tue May 22, 2012 12:52 PM EDT

          The writer neglected to show amounts collected, paid, and on hand for bribes.

            Reply#56 - Tue May 22, 2012 12:56 PM EDT

            Now is the time to repay your debt back to government.

            President Obama has set up a National Debt Repayment Program where the government will work with you to pay back your loans.

            Oh by the way the largest single source for the reason that school loans have gone into default is because of the religious right wing and morons like Mike Huckabee who want to do with away with the Department of Education so that the extreme religious right can dictate to Americans who can learn what and who can work where. Basically, Communism.

            Why is there such a large amount of financial student debt out there? It's because the religious right hates higher forms of education unless they are the ones receiving the higher form of education so they can continue to look down on Americans at being all knowing.

            If you are having pressure put on you in your attempts to goto school or while you are in school it is coming from the religious right wing that does not want you to be highly educated which is a Constitutionally Protected Right but rather instead only want you to listen to their pulpiting of assumptions so you will be fearful and give them money each week hoping that God does strike you dead with bolts of lighting from his eyes and balls of flame from his ass.

            Keep the religious right wing out of the White House and America will continue to thrive. Put someone like Romney in office and America is going to suffer a double effect depression worse than we are already in.

            Blame it in the greed of the GOP wanting absolute control over everything, what you say, think, see and do....Communism.

            Now everyone knows why Nixon went to China.....he went there to learn how to incorporate Chinese torture methods into political wording so the Republicans could force Americans to continue to put them into office.

              Reply#57 - Tue May 22, 2012 12:56 PM EDT

              a lot of small religious based liberal art colleges are broke. When sold the accredidation goes with the school until the end of time. A number of businessmen buy these schools, turn them into online colleges because along with accredidation comes automatic qualification to US Govt backed loans.

              Know how much money is made with veterans getting out of the military and they are recruited to high cost, low perfomance online colleges. When the vet realizes its a diploma mill they drop out or have a worthless degree.

              We do end up with very wealthy and successful businessmen educators. Free enterprise at its finest.

                Reply#58 - Tue May 22, 2012 2:34 PM EDT
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