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Obama campaign overspending?

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    Latest look at candidate's fundraising efforts

  • Duration 2:51
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Good evening -- in -- in red there.

It appears that in an effort to keep his job President Obama is engaging in the kind of deficit spending that could cost him his job.

The money battle is part of -- presidential campaign that is -- back up ever so slowly.

After -- in the wake of the Colorado shootings chief political correspondent Carl Cameron has our updates.

In Costa Mesa, California Mitt Romney resumed campaigning in the wake of last week's deadly shooting Rampage in Colorado with a new signs -- the president for suggesting entrepreneur or is don't build their own businesses.

Government does.

I happen to think that that for people who have spent their entire livelihood working working and government.

That they sometimes don't appreciate.

Just how hard it is to start a business.

President Sunday visited with families stricken by last week's deadly attack in Colorado.

Both the Obama and Romney campaigns have suspended their Colorado TV ads.

During his meeting with small business owners -- chastised the president for not meeting with his White House jobs council once this year.

The president needs to spend time with the jobs council.

I guess in the last six months he's done a 109 fundraisers he found time for that.

-- became the presumptive GOP nominee in April when Rick Santorum dropped out of the race.

The real clear politics average of national polls then.

-- the president ahead by four point seven points in the thirteen week since Romney's gained ground despite being outspent head to head by the Obama campaign.

Which for a second month in a row spent more money that it took in.

The Obama for America campaign collected 45 point nine million dollars -- spent 58 million in June.

A so called burn rate of a 128%.

Of what it raised Romney's campaign -- 33 million dollars in -- spent 27 and a half million.

For a burn rate of 83%.

The Obama camp paid 778.

Staffers two point nine million dollars last month -- June team was a third that size and got paid one point three million.

Obama for America pay two point six million dollars for polls in June Romney's spent one point six million total on polls this whole year.

In terms of the head to head air -- Obama for America spent 38 point two million dollars on advertisements in June more than a million a day.

Romney ten point four million and he was out spent nearly 401.

Super pacs the national parties and other special interest spent tens of millions more and overall helped Romney even the score.

A new Marist poll for the Knights of Columbus says 78%.

Of Americans are frustrated by the tone of political campaigns.

66%.

Say candidates spend more time attacking their opponents.

And by a twenty point margin most say campaigns are largely on civil and disrespectful.

Romney plans a tough foreign policy speech tomorrow to the VFW's annual convention in Nevada.

Before he heads to Europe for a week of meetings with foreign leaders in England.

Israel and Poland and he'll be attending the opening ceremonies at the Olympics at the end of the -- shipments -- about that trip with the panel -- thanks --

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