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PICKET: Obama - I will be first president to be outspent in modern history

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President Barack Obama’s campaign sent out the following e-mail to his supporters today: (bolding is mine)

I will be the first president in modern history to be outspent in his re-election campaign, if things continue as they have so far.

I’m not just talking about the super PACs and anonymous outside groups — I’m talking about the Romney campaign itself. Those outside groups just add even more to the underlying problem.

The Romney campaign raises more than we do, and the math isn’t hard to understand: Through the primaries, we raised almost three-quarters of our money from donors giving less than $1,000, while Mitt Romney’s campaign raised more than three-quarters of its money from individuals giving $1,000 or more.

And, again, that’s not including the massive outside spending by super PACs and front groups funneling up to an additional billion dollars into ads trashing me, you, and everything we believe in.

We can be outspent and still win — but we can’t be outspent 10 to 1 and still win.

More than 2.2 million Americans have already chipped in for us, and I’m so grateful for it. As we face this week’s fundraising deadline, will you donate $3 or more today?

Every donation you make today automatically enters you to join Michelle and me for one of the last grassroots dinners of this campaign — today is your last chance to get your name in.

These dinners represent how we do things differently. My opponent spent this past weekend at a secretive retreat for the biggest donors to both his campaign and the super PACs that support him.

I’ve got other responsibilities I’m attending to.

Donate today to stand for our kind of politics

Mit Romney raised more money than Barack Obama in May. This was the first time a Republican presidential challenger pulled ahead of President Obama in terms of fundraising. According to the San Jose Mercury News, “Romney and his party raised more than $76 million last month, the campaign said Thursday. Obama’s campaign reported that it and the Democratic Party raised $60 million for the month.”

Democrats appear to be scrambling to raise money and appear to be having trouble raising funds for the DNC convention. Bloomberg reports:

Democrats canceled a political convention kick-off event at the Charlotte Motor Speedway and will move the activities to Charlotte’s main business district, the convention’s host committee announced.

“While we regret having to move CarolinaFest away from our great partners at the Charlotte Motor Speedway and the City of Concord, we are thrilled with the opportunity that comes with hosting this event in Uptown Charlotte,” said Dan Murrey, the executive director of the Charlotte in 2012 Convention Host Committee.

The move comes as party planners are grappling with a fundraising deficit of roughly $27 million, according to two people familiar with the matter who requested anonymity to discuss internal party politics. With a party ban on direct contributions from corporations, the host committee has raised less than $10 million, well short of its $36.6 million goal, said one of the people.

Murrey said that logistics, not costs, were behind the decision to cancel the Speedway event.

The filing disclosure for the upcoming fundraising quarter ends on on July 15.

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