Ka-Ching: Team Romney Rakes in $5.5 Million After ObamaCare Upheld

Katie Pavlich

6/30/2012 10:58:00 AM - Katie Pavlich

When people say Thursday's Supreme Court ruling was a big win for President Obama, the Romney Campaign must shake their heads just a little bit. Since the ruling, Team Romney has raked in $5.5 million. That money isn't coming from big time donors at fundraisers, but is made up of 55,000 separate donations, with 65 percent of those people donating for the first time.

These numbers come after Romney outraised President Obama in May, spent less and Obama seems to be draining his war chest quickly.

Just one month after the start of the general election campaign, Mr. Obama has seen his financial cushion sliced in half. An $80 million cash-on-hand lead at the end of April was down to $45 million at the end of May, according to new Federal Election Commission filings. Romney did out-raise Obama in May. It was the first time he'd done so.

But Romney and his supporting superPAC also spent about a third of what team Obama spent on television ads, yet did not get drowned out on the airwaves. That's because Crossroads GPS and two other so-called social welfare groups spent $16 million on ads in the swing states, hammering Obama.


Obama also spent more than he took in last month, although he still has a huge advantage over Romney in the money race at this point.

Fighting to keep his job, President Obama spent more money than he raised in May, and ended the month with $109.7 million in cash reserves — a more than 6-to-1 advantage over his Republican rival Mitt Romney, federal reports filed Wednesday show.