"I will be the first president in modern history to be outspent in his re-election campaign"...
Yesterday President Obama gave video dating tips as he wooed donors to to enter the 'Dinner with Barack and Michelle' fundraising contest, the fifth from the campaign. In an e-mail sent today with the subject line "I will be outspent," the President asks for a $3 donation to enter the contest as he explains fundraising math, warning that GOP rival Mitt Romney is likely to raise more and outspend him. That's a first for a sitting president, Mr. Obama wote. The deadline for contest entries is midnight Hawaii time.
The President is on the second day of a fundraising tour through four states, with nine events scheduled. This evening he will attend a $40,000/plate dinner co-hosted by singer Marc Anthony in Miami Beach, Florida.
I will be the first president in modern history to be outspent in his re-election campaign, if things continue as they have so far.
I'm not just talking about the super PACs and anonymous outside groups -- I'm talking about the Romney campaign itself. Those outside groups just add even more to the underlying problem.
The Romney campaign raises more than we do, and the math isn't hard to understand: Through the primaries, we raised almost three-quarters of our money from donors giving less than $1,000, while Mitt Romney's campaign raised more than three-quarters of its money from individuals giving $1,000 or more.
And, again, that's not including the massive outside spending by super PACs and front groups funneling up to an additional billion dollars into ads trashing me, you, and everything we believe in.
We can be outspent and still win -- but we can't be outspent 10 to 1 and still win.
More than 2.2 million Americans have already chipped in for us, and I'm so grateful for it. As we face this week's fundraising deadline, can you make a donation of $3 or more today?
Every donation you make today automatically enters you to join Michelle and me for one of the last grassroots dinners of this campaign -- today is your last chance to get your name in.
These dinners represent how we do things differently. My opponent spent this past weekend at a secretive retreat for the biggest donors to both his campaign and the super PACs that support him.
I've got other responsibilities I'm attending to.
Donate today to stand for our kind of politics: