Worth the Money? Obama Outspends McCain in July by 5-3 Ratio

Worth the Money? Obama Outspends McCain in July by 5-3 Ratio After tightening his expenditures in June, Obama spent far more freely in July, cutting into his cash reserves while mounting an advertising campaign against McCain. Obama raised more than $50 million in July, a slight dip from the previous month, according to his monthly financial report, filed around midnight Wednesday with the FEC. He spent about $55 million, with three-fifths of that devoted to media costs. Despite spending less, McCain has taken a five point lead in a recent Zogby poll.