Is Obama really losing the money battle? A fundraising Q&APresident Obama is claiming that Mitt Romney and his allies could outspend him, but the truth (not surprisingly) is a little more complicated. Here is what's known about the money race
The recently leaked recording of a conference call among President Obama and some of his top 2008 campaign donors sparked a new round of less-than-rosy headlines about the president’s fundraising. On the call, Mr. Obama didn’t mince words: With donations pouring in to Republican "super political-action committees" and the Mitt Romney campaign, Obama said he is on track to become the first sitting president in modern history to be outspent by his opponent.
In fact, Obama’s campaign has been making this claim repeatedly, in a battery of urgent fundraising pleas during the past few weeks. Republicans, in turn, have been accusing the president of crying wolf – pointing out that his campaign holds the advantage in cash on hand over Mr. Romney’s.
So who’s right? Could Obama – who famously shattered all fundraising records back in 2008, collecting nearly three-quarters of a billion dollars – actually lose the money race this time around? Or is he just trying to instill fear in the hearts of Democratic donors who have been reluctant to pony up?http://news.yahoo.com/obama-really-losing-money-battle-fundraising-q-235904031.html