Show me the money: Romney beats Obama in May campaign fundraising

With the Republican presidential nomination assured, Mitt Romney is now focused on beating incumbent President Barack Obama at the polls and in campaign fundraising and the former Massachusetts Governor scored a big win in May by besting the President’s vaunted campaign cash machine.

Romney and the GOP raised $76 million in May — $12 million more than Obama and the Democrats.

The presumptive GOP nominee also reported more than $150 million cash on hand — a big campaign war chest this early in the primary season.

With the bitter primary fight behind him, Romney has been focused on fundraising and while veteran political operatives expected him to close the money gap on Obama, most admitted surprise at the numbers.

“He’s doing far better than expected,” GOP strategist John Raines told Capitol Hill Blue.

Over in the Obama camp, the news brought both shock and gloom.

“We got feat,” said Obama campaign manager Jim Messina.

Romney is also benefiting from a cash advantage from GOP-leaning “Super PACs” which are raising and spending far more campaign cash than those on the Democratic side.

“Money is the mother’s milk of politics and at this point mama like Mitt more than Barack,” said Raines.

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