Earlier this week, we received final fundraising totals for the month of July – and the numbers were quite a shocker. The Republican side of the campaign (a joint effort between Mitt Romney and the Republican National Committee) raised a total of $101.3 million dollars, and has $185.9 million in the bank. Meanwhile, the joint effort of President Obama and the Democratic National Committee raised $75 million and has $95.8 million in the bank.

Given this president’s amazing success in fundraising in 2008, I have to wonder: why can’t Barack Obama compete with Mitt Romney in the money race?