The Obama Campaign is still stuck in the first stage of grief: denial. They are trying to reassure their supporters that just because the Romney campaign has raised more money than Obama for the third straight month, there is no sad ending for Obama.

Jen Psaki, a spokeswoman for the Obama campaign, told reporters, “We know we will be outspent — that’s just the reality.” Don Peebles, a member of Obama’s finance committee, said of Obama, “He’s making a strong showing with a very large pool of donors. Those are very significant numbers, and if Romney is outraising Obama the past couple of months, it’s not enough time to catch up.” Tad Devine, a senior adviser to the Gore and Kerry campaigns, whistled in the dark,

Overall, Romney is going to be in a much better position than McCain, who was massively outspent. But I don’t think he’s going to have the same advantage that the president had over McCain. I don’t mean to diminish it — I think it’s a real advantage — but he’s not bringing in three or four times as much money.

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