President Obama’s campaign team is putting their cards on the table. They say it is reasonable to expect that they are going to be outspent by Mitt Romney and the Republicans this election cycle. This is a dangerous admission for a President who has long been credited with being one of the best fundraisers the Democrats have ever seen.
Speaking to a group of Washington D.C. based reporters the Obama campaign said that Romney and affiliated Super PAC’s will spend more than $1 billion dollars to defeat the President in November. The number is significant because Obama himself predicted that he would be able to raise $1 billion dollars towards his reelection. A number that seems increasingly difficult for him to reach.
The Campaign also predicted that Mitt Romney himself would raise more than $100 million dollars in June. If Romney does pull off that feat, it could demoralize Democrats as they expect Obama to be able to pull off the fundraising advantages he was able to enjoy in 2008.
A top Obama official said,
“Citizens United has ushered in a very different era in politics, the possibility of the spending advantage we might have had has been erased. I think Romney is going to have big months. We are going to be outspent, that is clear.”
There is speculation in Washington that the Obama campaign is trying to paint a picture in the press that Romney will never be able to live up to. Romney is having a very impressive month to be sure, but a $100 million dollar month still seems difficult.
In a mocking statement, Romney spokeswoman Andrea Saul said in an e-mailed response,
“President Obama said if he didn’t turn the economy around in 3 years, he’d be looking at a one-term proposition, and, now, he’s asking for 4 more years. President Obama’s team also said they’d raise $1 billion. The Obama campaign is used to moving the goal posts.”
The Obama Campaign said that for the last two months they have been outspent by Republicans at a rate of more than 3-1.
One nervous campaign official said,
“It is a harbinger of what’s to come. That’s something that worries us. It is a source of concern. There is no point in being cute about it. I think we have certain advantages that will allow us to overcome that: the president is a well-known person in this country, he has got a big following, we have got a big organization. And while we don’t have $10 million donors we do have millions of donors giving an average of $51 a piece. We will chip away at it.”