Romney’s Fundraising Juggernaut Tops Obama’s for Third Straight Month (UPDATED)

Mitt Romney.<a href="http://www.flickr.com/photos/seth/399340323/sizes/m/in/photostream/">sethrubenstein</a>

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The Mitt Romney money machine is showing no sign of slowing down.

Romney’s re-election effort raised north of nine figures for the second month in a row, raking in $101.3 million in July, his campaign announced Monday. That comes after raising $106 million in June, a blockbuster haul that topped the Obama campaign’s June fundraising by $35 million.

The Obama campaign, Obama Victory Fund, and Democratic National Committee said they’d together raised more than $75 million in July. That makes the third straight month in which the Romney campaign, Romney Victory Fund, and Republican National Committee outraised Obama and affiliated Democratic groups.

It’s still unlikely that Romney will raise more than Obama, despite the Obama campaign’s many emails suggesting otherwise. By the end of June, Obama and affiliated Democratic groups had raised $552 million to Romney and the GOP’s $394 million. The Sunlight Foundation’s Bill Allison noted that, at the current pace, Romney would have to beat Obama’s monthly fundraising total by an average of $39.5 million in July, August, September, and October to come out on top.

That’s not impossible. But the chances of Romney pulling that off are slim, especially as less-motivated Democratic donors who’ve stayed on the sidelines thus far notice tightening polls and finally crack open their checkbooks. What Romney can count on, though, is a sizeable advantage in GOP outside spending by super-PACs and secretive nonprofit groups—a difference that, on Election Day, could prove crucial.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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