his morning, the Obama re-election campaign reported a record-setting fundraising haul of over $86 million in a three-month period, the combined total taken in both by them and by the Democratic National Committee. The Obama campaign says it brought in $47 million. That was enough to lap the entire Republican field, which has about $35 million in its collective coffers.

It’s hard to argue this is bad news for the Obama campaign. Republican presidential candidate Herman Cain is willing to try.

His latest ad, “Priceless,” mimics the famous MasterCard ads in order to make the pitch that a campaign raising a lot of money is somehow a bad thing. Mr. Cain attacks fellow GOP candidate Mitt Romney for raising over $10 million in one day in May. He also says Mr. Obama claims he’ll be able to raise $1 billion, with a “b,” for his campaign. (There was no such prediction, in the Washington Times article Cain shows in the ad, or otherwise.)

What’s “priceless,” per Mr. Cain? Having (what his campaign reports as) a crowd of 15,000 cheer his entry into the presidential race and not being for sale. With $2.5 million or so raised, his campaign is near bottom of the list of known fundraising totals. Full list after the jump.

 Mark Murray of NBC News posts this list of 2nd quarter fundraising:

  • Obama: $47 million
  • Romney: $18.25 million
  • Paul: $4.5 million
  • Pawlenty: $4.2 million
  • Huntsman: $4.1 million
  • Cain: $2.5 million
  • Gingrich: $2 million
  • Bachmann: TBA

Source: MSN