While President Obama continues to talk about how he’s going to be the first incumbent president to be outspent in his re-election campaign, keep one thing in mind: he’s lying.
Well, either he’s lying or he’s not checking the numbers often. President Obama spent $58 million in June and still has almost $100 million on hand for more. Romney? He spent a paltry (by comparison) $33 million, and only has $22.5 million left to spend.

The picture is slightly complicated when looking at the added totals of the Democratic and Republican National Committees. The DNC has only $37.5 million in the bank compared to the RNC’s $89.4 million. Still, the added Obama/DNC and Romney/RNC totals give a hefty edge to the Democrats.

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