In a fundraising email yesterday, President Obama noted that he would be outspent in the upcoming election, adding that it would be “a first for a sitting president.”

“We’re getting outraised — , if this continues. Not just by the super PACs and outside groups that are pouring hundreds of millions of dollars into misleading ads, but by our opponent and the Republican Party, which just outraised us for the second month in a row,” the email from President Obama reads.

But Mike Allen notes in today’s Playbook, that President George W. Bush was outspent by Democrats  in 2004 by $114,078,751 according to Bush and the RNC spent $727,891,693 and Kerry, the DNC, plus the funds spent by America Coming Together – the PAC funded by George Soros – spent $841,970,444.