From Bloomberg: President Barack Obama spent more on
his re-election effort last month than he raised, ending May
with $109.7 million cash on hand, according to U.S. Federal
Election Commission reports filed today.
The $39.1 million his campaign took in was outpaced by
$44.6 million it paid for television advertisements, employees,
offices and other expenses, the reports show. The spending rate
is a reversal from the past three months, when the campaign was
taking in millions of dollars more than it was spending.
http://www.bloomberg.com/news/2012-06-20/obama-spends-more-than-he-raises-as-aides-see-romney-advantage.html
I guess Obama is running his campaign like he is running the country- in the red. I think this says a lot about the man and his followers.
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