Vampyr, on 2012-October-26, 17:55, said:
About a month ago, according to the New Yorker, Romney had WAY more money than Obama. Has that changed?
My understanding is that Obama raises money mostly from large numbers of small donations, whereas Romney's tends to come from smaller numbers of large donations. The US has campaign finance laws, which make it illegal for an individual to donate a large amount of money to a single politician's campaign. However, these have recently been effectively neutered by the Citizens United ruling, which allows unlimited donations to political action committees, which can then run ads as long as they "don't coordinate with the candidate."
The upshot is that Romney raises a lot of money for the Republican National Committee or for various PACs. Obama's
campaign has more money than Romney's
campaign, but if you count various other organizations Romney has raised more. This does give Romney some issues, in that he doesn't have direct control over much of the money he raises, but when you count all the spending there is more on the Republican side.
Adam W. Meyerson
a.k.a. Appeal Without Merit