Before this campaign season began in earnest, supporters of President Obama said he would get swamped in fundraising due to the impact that the new political action committees, called super PACs, would unleash. But that really hasn't been the case — at least until now.
Bloomberg reported that the final campaign finance reports before the election show that Mitt Romney, the Republican National Committee, and super-political action committees backing his candidacy raised just short of $1 billion through Oct. 17. That’s about the same amount as Obama, the Democratic National Committee, and his allied super-PAC combined.
However, forces supporting Romney have about $37 million more than those supporting the president in the campaign's final stretch.
But there's always been the argument that such ads wouldn't have as much impact in a presidential race as they would in House or Senate seats, where the candidates — including the incumbents — aren't as well known. And we're seeing that play out to an extent here in Florida, as Connie Mack strives to stay competitive with Bill Nelson in their battle for U.S. Senate.
The Sunlight Foundation reported that close to $19 million has been spent by outside groups in the Mack IV-Nelson battle, with most of the money supporting Mack.
