Tuesday, August 21, 2012

Spendthrift-in-Chief spent more, on his campaign, than he brought in last month

From the AP
President Barack Obama and Democrats have spent more than they brought in last month during the presidential campaign...

Mr. Obama expanded his campaign operations and purchased millions of dollars in television advertising...

The president's campaign spent about $59 million in July, much of it on advertising and paid staff. That's compared with about $49.2 million in total receipts during the same period.

By contrast, Romney's campaign reported $40.3 million in July revenues and spending $32.7 million.

Just like for Mr. Obama, a bulk of those expenses went to advertising purchases, although only about $15.5 million by comparison. Romney had fewer than half the number of paid staffers as the president, or about 320.
Sadly, the President does not have the authority to levy a brand new tax on the American people to help fund his excessive campaign expenditures, as is the case with his tax-funded government spending sprees. [Spend, spend, spend, tax, tax, tax...] Instead, the President is relying on the typical Obama gimmickry to haul in his campaign cash: 1) Asking his supporters to redistribute their birthday, wedding and anniversary gifts to his re-election campaign. 2) Offering donors a chance to join the First Couple on their "next date night"; a chance to experience the same euphoria that Barack and Michelle felt the first time they ate lunch together.

If all else fails, there is always the third option.

However, it should be noted, that while the national debt has risen nearly $5 trillion due to Obama's reckless government spending sprees, the President's campaign is nonetheless debt free, as he has amassed plenty of campaign cash over the past couple of years, and thus the "Big Spender" has managed to garner more campaign cash than he has spent. [What's more, the President did not have to spend any money on a primary campaign.] Nevertheless, in the month of July, Obama was true to form, spending more than he brought in; he is, afterall, the Spendthrift-in-Chief.

P.S. Obama hauled in almost $9 million more than Mitt Romney in the month of July. He also outspent Romney by more than $26 million.

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