Mitt Romney is currently out raising President Obama in campaign contributions. Juan Williams of FoxNews thinks in late October, President Obama may announce his campaign is tapped out of money and unable to answer the final round of attack ads from his opponent, Mitt Romney.
Get ready for this year’s “October Surprise” — the news event in the weeks before the presidential election that has the potential to push the remaining undecided voters behind one candidate and decide the outcome.
Here’s a sneak peek at the “surprise.”
In late October, President Obama announces his campaign is tapped out of money and unable to answer the final round of attack ads from his opponent, Mitt Romney.
This scenario is no longer outside the realm of possibility.
On a recent conference call with potential donors, President Obama said: “If things continue as they have so far, I’ll be the first sitting president in modern history to be outspent in his reelection campaign.”
The president then asked his donors “to meet or exceed what you did in 2008.”
That is a pretty high bar to clear.
In 2008, Obama shattered all campaign fundraising records by bringing in more than $700 million. His GOP opponent, John McCain, raised only $316 million, giving the Democrat a tremendous advantage.
It is a different ball game this time around.
At the moment, President Obama’s campaign has $170 million in the bank while his GOP opponent, Mitt Romney, has $144 million.
But the Romney money machine is gaining momentum.
It raised more money than the Obama campaign in May and June. Romney’s donors also appear to have more money: Only 17 percent of Romney’s donations have been less than $200, compared to 40 percent of Obama’s donations that came in at less than $200.
The big money going to Romney also has more ways than ever to avoid limits on donations. Keep in mind this is the first presidential election since the Supreme Court’s ruling in Citizens United, which opened the floodgates for unlimited contributions to outside groups and created the super-PACs.
Read more: FoxNews