Romney continues to kick Obama’s butt in fundraising

Mitt Romney goes grocery shopping in New Hampshire
(AP Photo/Charles Dharapak)

For a third straight month, Republican presidential challenger Mitt Romney‘s fundraising has outpaced incumbent Barack Obama, who set fundraising records four years ago and who was supposed to outpace all rivals in campaign cash this time around.

Romney’s fundraising machine is so robust that Democratic political strategists are worried the President may not be able to raise the cash the he needs to keep his job.

“This is not the way it was supposed to happen,” a veteran Democratic strategist, who asked not to be identified, told Capitol Hill Blue Monday.  “We didn’t expect to get our butts kicked when it came to raising money.”

Romney and the Republican National Committee pulled in more than $101 million in July, easily outpacing the $75 million collected by Obama and the Democratic National Committee.

And panic is setting in at the DNC headquarters and the West Wing.

Romney’s fundraising advantage has forced the Obama campaign to spend more than wanted during the summer to keep the race close in public opinion polls and officials with the President’s campaign worry that they might not have the money to keep up with the GOP challenger when the election season enters the crucial stage in the fall.

“If we don’t step it up, we’re in trouble,” Obama’s campaign said in an urgent fundraising appeal to supporters.

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