Back in the heady days of 2011, while the GOP seemed mired in a multi-candidate primary campaign, the Obama campaign boasted that it was on track to raise over $1 billion for the 2012 election. Reuters breathless reported at the time that Obama’s campaign would be a “bigger, slicker machine likely to dwarf that of his eventual Republican opponent.” As with most things, Obama’s rhetoric has failed to match up with reality.

This morning, the Obama campaign reported the campaign and the DNC had raised a combined $71 million in June. It’s their highest monthly total to date, but, unfortunately for the Democrats, falls far short of Romney’s June fundraising haul. The Romney campaign reported this morning that, together with the RNC, it had raised a whopping $106 million in June–$35 million more than the Democrats.

Romney first started beating Obama’s fundraising in May, but June’s numbers show the financial disparity is growing. Romney and the RNC had over $160 million cash-on-hand at the end of the reporting period.

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