Ha: Obama Campaign Spent More than it Made in May

Kate Hicks

6/21/2012 8:35:00 PM - Kate Hicks

Well, you have to give the Democrats some credit: at least they're consistent. Just as Dems in Congress have no problem spending like sailors, so too does the Obama campaign manage its money. Team O put itself in the red in May, spending several million more than they took in:

President Barack Obama’s campaign and the Obama Victory Fund spent $15 million more than they raised in May, campaign finance reports show.

The campaign and the Obama Victory Fund, a joint fundraising committee with the Democratic National Committee, raised more than $54 million last month, but they spent $69 million.

The committees spent $34 million on advertising and the rest on various expenses including payroll, travel, food, and equipment.

Most of the ad budget - $29 million - was spent on traditional television advertising and the costs of making those ads, representing a shift to the general campaign after Mitt Romney cinched the Republican nomination. But the campaign continued to spend big on online advertising, dropping more than $5 million last month.

And what has all that money bought them? Statistical dead heats in formerly blue stalwarts like Michigan and Wisconsin.

"Forward" march!