His cash advantage threatened, President Barack Obama and his party are redoubling their fundraising efforts after robust hauls by Republican rival Mitt Romney and a slew of GOP-leaning super PACs that are raking in cash from the party faithful highly motivated to topple the Democrat.
Obama still has a significant edge, but it’s shrinking rapidly.That explains why the president, fresh off of back-to-back international summits, was plunging back into his re-election race Wednesday with a series of fundraising events in Denver and California’s Silicon Valley as he looks to stockpile cash to pay for his coast-to-coast organization, advertising to spread his message and get-out-the-vote operations in key states.
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