Obama Outspends Romney but PACs Level the Field
NEW YORK ( TheStreet) -- President Barack Obama's re-election campaign has spent a gush of cash.
Through February, the incumbent has disbursed some $135.4 million on operations, which included $12.2 million spent solely during February, according to reports filed to the Federal Election Commission.
Nationwide campaign office expenditures in the past two months include $1.1 million on computer equipment, $435,000 on rent and utilities and $305,000 on telephones, according to The Associated Press.Obama's camp has spent about $68.1 million more in operating expenditures than Mitt Romney's campaign, which has dished out about $67.3 million through the Republican primary. Obama's ability to outspend Romney by more than what his Republican opponent has spent in the entire election season likely will be overshadowed in 2012 by super PACs. Super PACs, which are independent committees that cannot coordinate directly with candidates, may raise unlimited amounts of funds from individual donors and spend the money in support of, or opposition to, any given political candidate. Restore Our Future, the super PAC backing Romney, has spent about $40.1 million through March 28 as a huge chunk of that cash has been spent to oppose Republican candidates,
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