Cash collection to continue in U.S. elections
U.S. Presidential elections are marked with crashing cash the heavy fund raising actvities and candidates usually do their best to raise cash.This year's election is no exception,the President Barack Obama and his Republican challenger Mitt Romney are spending their precious time wooing donors to fund their campaigns.Capitalist structure of democracy in embattling electroal battle for apex post has its old tale and tactics of talking directly to voters, both
presidential candidates of premier parties are engaged in face-to-face meetings with
donors to seek a financial edge over one another.
As per White House schedules, Obama attended 21 fundraisers in July alone, compared with 17 campaign events aimed at the general public. Romney's figure is reportedly even higher, attending at least 22 fundraisers and about a dozen public events.White House schedules are packed with fundraisers for months, and Obama has attended over 200 of those events since he announced his bid to seek reelection last April.
Obama advantage has gradually evaporated after Romney sealed his nomination late April. After three straight months of outraising Obama, Romney stands to heavily outspend the incumbent in the coming autumn. Obama campaign and the Democratic National Committee (DNC) raised 75 million U.S. dollars in July. Romney's fundraising number in July is shy of the 106 million dollars he raised in June, but it nevertheless boosts his cash on hand to nearly 186 million dollars, according to figures released by the Romney campaign on Monday. Obama campaign hasn't released its cash on hand figure.
The efforts could take a toll on the candidates, as Rove noted that reaching out for cash could be exhausting for candidates, especially for a sitting president who still has a "day job."
Obama campaign has been urging its supporters to donate more than the Romney campaign, and one of its arguments is that it has to fight not only the Romney campaign, but also outside groups.
The Obama campaign and pro-Democratic outside groups have spent 131 million dollars in television ads during the past three months, in which the campaign footed 111 million dollars, and outside groups only chipped in 20 million dollars. During the same period, pro-Republican outside groups spent 107 million dollars to attack Obama or support Romney in TV ads, and the Romney campaign only spent 42 million dollars.
As per White House schedules, Obama attended 21 fundraisers in July alone, compared with 17 campaign events aimed at the general public. Romney's figure is reportedly even higher, attending at least 22 fundraisers and about a dozen public events.White House schedules are packed with fundraisers for months, and Obama has attended over 200 of those events since he announced his bid to seek reelection last April.
Obama advantage has gradually evaporated after Romney sealed his nomination late April. After three straight months of outraising Obama, Romney stands to heavily outspend the incumbent in the coming autumn. Obama campaign and the Democratic National Committee (DNC) raised 75 million U.S. dollars in July. Romney's fundraising number in July is shy of the 106 million dollars he raised in June, but it nevertheless boosts his cash on hand to nearly 186 million dollars, according to figures released by the Romney campaign on Monday. Obama campaign hasn't released its cash on hand figure.
The efforts could take a toll on the candidates, as Rove noted that reaching out for cash could be exhausting for candidates, especially for a sitting president who still has a "day job."
Obama campaign has been urging its supporters to donate more than the Romney campaign, and one of its arguments is that it has to fight not only the Romney campaign, but also outside groups.
The Obama campaign and pro-Democratic outside groups have spent 131 million dollars in television ads during the past three months, in which the campaign footed 111 million dollars, and outside groups only chipped in 20 million dollars. During the same period, pro-Republican outside groups spent 107 million dollars to attack Obama or support Romney in TV ads, and the Romney campaign only spent 42 million dollars.
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