Don't Believe the Hype: Obama is Handily Outraising Romney

Don't Believe the Hype: Obama is Handily Outraising Romney

While President Obama continues to talk about how he's going to be the first incumbent president to be outspent in his re-election campaign, keep one thing in mind: he's lying.

Well, either he's lying or he's not checking the numbers often. President Obama spent $58 million in June and still has almost $100 million on hand for more. Romney? He spent a paltry (by comparison) $33 million, and only has $22.5 million left to spend.

The picture is slightly complicated when looking at the added totals of the Democratic and Republican National Committees. The DNC has...