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(Newser) President Obama’s campaign outraised Mitt Romney’s in August, marking a first since the spring. Obama raised $114 million, just squeaking by Romney’s $111 million, Reuters reports. It’s a small gap compared to July, when Romney’s $101 million dwarfed Obama’s $75 million. But Obama’s latest haul represents the contributions of 1.1 million donors, 317,000 of whom were giving for the first time, the Obama campaign says.
Some 98% of donations were of $250 or less; the average donation was $58. It’s the first month that the president, combined with the DNC, have raised more than $100 million this year. “Now we know we can match them, doing this our way,” the campaign tweeted. Still, before the latest report, Romney and his RNC fund had $60 million more on hand than the president. And Obama has spent money at a much quicker clip than Romney, Reuters notes: $58.5 million in July alone. What’s more, now that Romney has been officially nominated, he can spend money he raised during the primaries.
After reading this, no doubt the spirits of democrats will be buoyed to the point where they might even make a contribution of their own. What do you think?