Flood of Republican money after convention could change dynamic of race
OutFront tonight, a new storm warning.
Forget the hurricane, forget the vice president cruising through Tampa looking for a fight, forget everything you know about this election so far, because in Florida tonight, Mitt Romney's team is preparing to unleash a flood of money that could dramatically change the political landscape of this race.
With the Republican convention looming, new polls tonight show the race is still very tight, essentially a statistical tie. President Obama has a slight lead but it is within the margin of error. He's boosted by a twelve-point lead among women and voters under 50, and a whopping 29 point lead among urban voters.
Much of his advantage has been won through hard-hitting ads. But consider the cost – to get this small overall lead, the President and his supporters have had to outspend the Republicans. Not just Romney, but all those outside groups supporting him as well.
Compare the spending by just the candidates themselves on ads in battleground states this summer. In Colorado, Obama has more than doubled Romney's spending, and the same is true in Virginia, Ohio, and Florida.
All of this has left Mitt Romney with substantially more money in his campaign treasure chest, and over the next few week, as the convention takes off, he's sure to crack it open.
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