I honestly didn't see this coming: the Mitt "Money Boo Boo" Romney campaign is running out of money!
The financial tide turned against Republican presidential candidate Mitt Romney and his key allies, who spent more than they brought in during the month of August, according to disclosures filed Thursday.
Romney’s presidential campaign committee raised nearly $67 million last month — a strong figure — but spent about the same amount building its campaign organization and responding to a barrage of attack ads from Obama and his allies. Even so, the campaign spent just $13.7 million on ads, which was less than the $15 million it spent in July.
In addition to his cash-flow problems, Romney had more trouble raising money from grass-roots donors in August, with just 14 percent of his total coming from contributions of $200 or less — a significant drop from the month before. Obama has collected about 40 percent of his monthly hauls from donors giving $200 or less.Lucky for Mitt he can break open his Swiss bank account and self-finance if the donors give up on him.
Romney, however, continued to do well among the wealthiest donors who are able to legally give more than $70,000 to the Romney campaign, the RNC and associated committees. Romney and the RNC say they had a total of $170 million cash on hand at the end of August.
9:17 PM PT: The NYT is also on the case: