Obama panic: ‘I will be outspent’: President Obama’s campaign is pleading for funds, marking a sharp contrast to his fundraising during the 2008 election.
In an urgent appeal sent out to supporters Tuesday, Obama said in an e-mail, “I will be outspent.” He went on to say he was not referring to the so-called Super PACs, but the Romney campaign itself.
“The Romney campaign raises more than we do, and the math isn’t hard to understand: Through the primaries, we raised almost three-quarters of our money from donors giving less than $1,000, while Mitt Romney’s campaign raised more than three-quarters of its money from individuals giving $1,000 or more,” he said. “We can be outspent and still win – but we can’t be outspent 10 to 1 and still win.”
By contrast, the 2008 campaign rejected federal matching funds and shattered fundraising records raising nearly $750 million. John McCain was limited to a mere $84 million as a condition of his acceptance of the matching funds.
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