Obama camaign spent more than it raised in July – Dave Levinthal and Tarini Parti – POLITICO.com

Do you wonder why Mr Obama has no budget to offer Americans?

By DAVE LEVINTHAL and TARINI PARTI | 8/20/12 5:50 PM EDT Updated: 8/21/12 2:48 PM EDT

President Barack Obama’s campaign burned through more money in July than it took in.

Obama for America spent nearly $59 million last month while raising $49 million, according to federal campaign finance reports filed Monday.

Such a cash burn illustrates the heavy spending Obama’s campaign has made this summer on advertisements designed to promote his own image and parry attacks from Republican presidential candidate Mitt Romney and right-leaning outside groups.

Roughly two-thirds of the campaign’s expenditures — $39.27 million — went toward media buys, Obama’s new campaign filings show. Another $8.75 million went toward online advertisments.

Obama also continues to invest in his massive national ground operation, with other notable expenditures in July including payroll ($3 million), travel and lodging ($1.19 million), polling ($909,550), printing ($621,465) and telemarketing ($363,188).

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Obama camaign spent more than it raised in July – Dave Levinthal and Tarini Parti – POLITICO.com.

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