The Obama reelection campaign has been plowing through its cash at a rate that's alarming some Democrats, according to a Wall Street Journal report. "The burn rate — the investment in infrastructure and polling — is great if you've got the resources to follow through," said Douglas Schoen, a pollster who worked for former President Clinton. "It's unclear to me whether the president has the resources." Obama's camp has spent twice as much as Romney's for the second consecutive month, and it also spent more than it took in during the month of June.
Paid campaign staff for Obama swelled to 778 in June and the team dropped a cool $38.2 million on television advertisements in the same month, almost four times more than Romney. Still, Obama closed the month with $97.5 million in the bank.
So, worry? Said Ben LaBolt, press secretary for the Obama reelection campaign, "Since we knew from the outset that Republican super PACs would likely outspend us on the air, we made a decision to invest early in building the largest grassroots campaign in history so that our supporters could engage in 500 days of persuasion with their networks."
Clearly LaBolt and the rest of the staff are not heeding a Mitt Romney campaign slogan: "We have a moral responsibility not to spend more than we take in."