It's a good bet that there was an air of smug satisfaction in President Obama's Chicago headquarters last month when both sides in the White House race posted their end-of-April cash-on-hand numbers.
Obama for America and the Democratic National Committee had a combined $139 million in the bank while the newly minted presumptive GOP nominee, Mitt Romney, and the Republican National Committee had a total of $44 million. And $35 million of that was the RNC's. Mr. Romney's coffers were nearly bare.
Fast forward to June 7. The Obama campaign announced the combined Democratic effort had taken in $60 million in May, primarily from an extensive schedule of presidential fundraisers (including $15 million from a dinner at actor George Clooney's).
To continue reading Mr. Rove's column in The Wall Street Journal, click here.
Karl Rove joined Fox News Channel as a political contributor in February 2008. He also currently serves as a columnist for the Wall Street Journal. Mr. Rove helped organize the political-action committee American Crossroads. His latest book is "The Triumph of William McKinley: Why the Election of 1896 Still Matters" (Simon & Schuster, 2015). Follow him on Twitter @KarlRove.