NEW YORK TIMES: Mitt Romney’s cash advantage over President Obama and the Democrats more than doubled in July, as intense Republican fund-raising and heavy spending by Mr. Obama and his allies left Mr. Romney and the Republican National Committee with $62 million more in the bank than the Democrats at the end of last month.
Mr. Obama’s campaign and the Democratic National Committee spent $91 million in July, significantly more than the $75 million the Democrats raised, underscoring the investments Mr. Obama made in technology and field staff as well as nearly $40 million his campaign spent on advertising that month. While Mr. Romney continued to husband his resources for the fall — he spent less than half of what Mr. Obama did on advertising — conservative “super PACs” and other outside groups stepped into the breach, spending millions of dollars on ads attacking Mr. Obama…
But the biggest outside spenders in the advertising battle are tax-exempt groups that do not have to disclose their donors. In the last 30 days, Americans for Prosperity, founded by the billionaire industrial executives Charles and David Koch, has spent at least $14 million on ads against Mr. Obama, F.E.C. records show. Crossroads Grassroots Policy Strategies, a nondisclosing affiliate of American Crossroads, spent more than $16 million, according to the Campaign Media Analysis Group, which tracks ad spending… (more)
