Subject: Five Notes from the FEC Reports
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Wed, 21 Mar 2012 11:26:00 -0400

Five Notes from the FEC Reports
First Read: "One, Obama's fundraising and cash on hand is on par -- more or less -- with Bush's numbers in '04 (which is surprising given what many, including us, thought he was capable of raising at the beginning of this race)... Two, Romney's burn rate is over 100% (which might explain why the Super PAC, and not the campaign, is airing ads in post-Illinois races)... Three, the pro-Santorum Super PAC has just $365,000 in the bank (Foster Friess, you have a call on Line 2)... Four, Gingrich now has more in debt ($1.55 million) than cash on hand ($1.54 million)... And five, the pro-Obama Super PAC Priorities USA continues to be a flop, with it raising just $2 million (half of which came from Bill Maher)."

"By the way, don't overlook the spending numbers for the campaigns. It's where you learn the philosophies of the campaign. Obama's campaign is putting a LARGE emphasis (read: money) online. A large chunk of the February spending was devoted to online advertising. Also, do note that the Obama campaign continues to keep overall STAFF salaries down, at least compared to what other campaigns pay, including Romney. In fact, Romney has at least five staffers who make more than Obama's campaign manager."

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked]
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