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Obama has more cash than Romney
Mitt Romney is coming under fire for belittling 47 percent of the electorate, but President Obama isn't exactly gaffe-free himself: In 2008, he quipped that "bitter" rural voters "cling to guns or religion."
Mitt Romney is coming under fire for belittling 47 percent of the electorate, but President Obama isn't exactly gaffe-free himself: In 2008, he quipped that "bitter" rural voters "cling to guns or religion."
fang zhe/Xinhua Press/Corbis, Ron Sachs/dpa/Corbis
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ccording to campaign finance records released Thursday, President Obama had $88.8 million in his campaign war chest at the end of August versus $50.4 million for Republican challenger Mitt Romney. Romney's total includes $15 million of a $20 million loan he took out to finance his campaign until after the Republican convention, when he could start tapping his general-election money. Both candidates spent about as much money as they raised in August — $84.7 million for Obama and $66.6 million for Romney. The records also show that Romney handed out more than $200,000 in bonuses on Aug. 31, including $37,500 for national political director Richard Beeson and $25,000 to half a dozen other top aides, including campaign manager Matt Rhoades.

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