Fox Business
Expand
Browse All Video
Watch Live

You're watching...

The Spending Problem of the Obama Campaign

Details

  • Description

    FBN’s Lou Dobbs on the Obama and Romney campaigns’ fundraising and spending.

  • Duration 3:58
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

For weeks now the Obama campaign has been emailing donors warning governor Romney is out -- raising the president.

Big time as -- say on the campaign trail while all of that's true there is a more troubling trend for Obama supporters.

And that is the president's lavish and unprecedented.

Spend.

President Obama is now spending money are faster than he's raising that's right he has a spending problem not a fund raising problem.

Last month the president raised 46.

Million.

Dollars.

Which is -- -- -- -- -- And let's just spend.

58 million which is exactly.

What they did.

Now.

You don't have to be -- economists are -- in the genius political strategists.

Understand that's unsustainable.

I even with the good faith and credit to the president of the United States as -- incumbent candidate.

This marks a second month in a row that the campaigns -- on adoption by comparison.

Governor Romney.

He's doing a little banner into let's say money management.

33.

Million dollars.

Less money certainly.

-- only spent.

Tony seven and a -- Million.

Again you don't have to be a financial genius to figure out.

This is probably sustainable.

This definitely is not the Wall Street Journal by the way reported some Democrats are so deeply worried now about the president's burn rate.

Fearing that the campaign will have to cut back on advertising and payroll in the months ahead.

And those are critical months just as many voters.

Then start paying very close attention to this race the president's campaign is arguing that this is all part of their pastor I.

They will be able but spending too much money.

More money that certainly than they have.

They'll be able to dip buying governor Romney before Romney has a chance.

To project -- own image but that strategy so far is does.

A majority of the president's spending going to a massive television and campaign and a handful of swing state.

But an -- poll of likely voters in key battleground states last week.

Found the candidates tied at 46.

-- -- Each.

And its governor Romney who now holds more cash on hand Romney in the Republican National Committee.

Ended June with a 170.

Million.

In the back a 170 million and the incumbent candidate the president United States.

147.

-- Part of -- the reason is because the campaign laws and this is kind of interest thing if you bear with me.

-- federal election regulation actually prohibits governor Romney from spending some of that campaign cash.

Until he is the official.

Nominee of the Republican Party and that doesn't happen -- late next month or once it does happen Romney will step up -- spending certainly.

And Romney retains a significant advantage when you factor in the super -- working in support of his candidacy.

The pro Romney group restore our future ended the month of June was more than 21 million in the bank.

And less than half of that held by the pro Obama priorities USA.

Ten million the campaigns hate numbers because -- -- dispense.

And the numbers are shouting trouble right now.

For mr.

Obama.

We'll.

Load More