Monday, October 17, 2011

Obama is Raking in the Cash for 2012

New York Times reported today that Obama and the DNC have spent $87 million, more money than all of the Republican nominees have raised so far. In particular, super PACS have been contributing a lot to his fundraising:

"Such groups can raise unlimited contributions and are required to disclose their expenditures much less frequently than the campaigns or party committees, creating some uncertainty in assessing how the fund-raising wars will ultimately aid one candidate or another."

Everybody loves a nice loophole.

To read the entire article, click here.

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