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If the 2008 United States Presidential election taught us anything, it's that you need to grossly outspend your opponent to win.
True, which is why, according to the New York Times, Barack Obama, the Democratic Party, and Priorities USA Action Super PAC raised $80 million more than Mitt Romney, the Republican Party, and Restore Our Future Super PAC(1). Though they also claim that Romney and his peeps spent about $7 million more.

[edit] (1) http://elections.nytimes.com/2012/campaign-finance