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Romney and the Republican National Committee raised $35 million more than the President and the Democratic party in June — the second-straight month that the incumbent President has trailed well Romney with donors.
“People in the fundraising offices are shaking their heads and wondering what the hell’s gone wrong,” one Democratic strategist told Capitol Hill Blue. “There’s a sense of panic.”
Obama, who raised far more campaign cash than challenger John McCain in 2008, was expected to top all fundraising records in this year’s election but it is Romney who has been on a record-setting pace.
Strategists see Obama as the problem, alienating fatcat donors with attacks on Wall Street while maxing out with big-buck contributors from other areas.
So the challenge is to find new high-dollar donors among those who view the President with increasing skepticism.
“We’re losing the fundraising war,” says another Democratic strategist, “and the loser of the money war may well lose the election in Novemer.”