According to Federal Election Commission data, the Obama re-election efforts spent $59 million in July but only took in $49.2 million.
Democrats raised around $10 million in July, which sounds OK, until you realize that they spent $32 million in the same time – mostly on very negative and false character assassination attack ads aimed at Mitt Romney.
Facing strong fundraising from his Republican challenger, President Obama and Democrats have spent more than they brought in last month as the president expanded his campaign operations and purchased millions of dollars in television advertising to compete with rival Mitt Romney.
New campaign finance reports
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