Obama thinks election would be close but he'd win

By NANCY BENAC

NEW YORK (AP) — President Barack Obama told campaign donors Monday that "if the election were held today, I think it'd be close, but I think we'd win." He said his opponents were "spending like nobody's business" and that Democrats need substantial sums to counterpunch.

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Obama went through his administration's efforts to boost the struggling economy but allowed that "right now, the economy is still rough enough for enough people that this is going to be a close election. He said "continued headwinds" were likely, including the financial uncertainty in Europe.

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Obama said the Democrats don't have to match that spending dollar-for-dollar, "but we do have to make sure that we can get our message out effectively."

While the president was raising millions in New York, Republican rival Mitt Romney trolled for cash overseas, working a fundraiser into his schedule in Israel. Both sides are in a pell-mell race for campaign dollar as polls show the two candidates running about even. June was the second consecutive month in which Romney brought in more money than Obama.

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