Obama's Fundraising: Still Looking Good

He's still leading Romney, though that might change.

by

When you do an apple-to-apples comparison of presidential fundraising last month-donations to Obama vs donations to Romney-it seems that the Obama campaign came out on top, despite what reporters said at the time:

After all the reporting from a couple of weeks ago that Romney outraised Obama in May, well technically that isn't correct. In the true apples-to-apples comparison for the campaigns, the Obama camp outraised the Romney camp last month, $39.1 million to $23.4 million. What's more, the Obama camp has $109 million in the bank as of May 31, while the Romney camp has $17 million.

But where Team Romney outraised Team Obama was with the major party committees (the RNC's $34.8 million vs. the DNC's $20 million) and the victory funds. What's going on here: A larger portion of the pro-Obama money is coming in the form of contributions to the campaign (where the maximum donation is $5,000), while a larger portion of the pro-Romney dough is coming from do

It's still the case that Mitt Romney is a prolific fundraiser, and it's still the case that-together with super PAC funds-Republicans might actually out-raise and out-spend the presidential reelection effort. Still, at this point in time, contra the reports of last month, the advantage is with Team Obama.

A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.

Quality journalism is expensive to produce, and we don't have corporate backers to rely on to fund what we do. Everything we do is thanks to our incredible community of readers, who chip in a few dollars at a time to make our work possible. Any amount you give today will help us continue reporting on what matters to our democracy.

You can help power this newsroom by making a one-time donation or by becoming a member today.