Obama Campaign: We Will Be Outspent In 2012

Source: Devin Dwyer / ABC News

President Obama smashed fundraising records in 2008, collecting $746 million to win what turned out to be the most expensive presidential contest in history.

But four years later, the president’s senior campaign advisers say they expect to be outspent by pro-Republican outside groups, including nonprofit advocacy organizations with secret donors and the sky’s-the-limit super PACs.

“We are going to be the first incumbent outspent,” a senior Obama campaign official told reporters during a background briefing in Washington today. “I think that’s clear.”

The looming influence of outside groups means that “any spending advantage we might have had is erased,” another campaign adviser said.

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