President Barack Obama told supporters on June 29 that he is concerned he may be the first sitting president to be unable to raise enough campaign funding to outspend his rival.
"We see where we stand, and right now on a month-to-month basis, we've fallen behind," Obama told supports in a call during one of his 175 re-election fundraising trips aboard Air Force One.
In fact, in the 30 days of June, Obama attended 33 "money events." That is an incredible amount of time to devote to increasingly desperate measures. Five emails in the span of 48 hours from the likes of Vice President Joe Biden and First Lady Michelle Obama - even the president, himself - begging for cash before the June 30 monthly fundraising deadline, appear to have fallen far short of the boost Obama's camp had been seeking.
Mitt Romney, meanwhile, is getting help from all corners of the nation, and a wide variety of organizations. According to Romney's campaign, in the 24 hours after the U.S. Supreme Court voted to uphold most of Obamacare, more than $4.3 million - from approximately 43,000 online donors - poured in to its coffers.
Clearly, Obama does not see where he stands. There is simply no money left to wring from even his staunchest supporters; and the tide rising against him contains too many individuals and organizations determined to ensure he does not get another four years to wring them dry, too. As more and more Americans think about his presidency, Obama may find it increasingly difficult to raise campaign funds.