The Note's Must-Reads for Tuesday, August 7, 2012

The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at

Compiled by ABC News' Jayce Henderson, Amanda VanAllen, Carrie Halperin, and Will Cantine

PRESIDENT OBAMA: ABC News' Olivier Knox: " Obama Campaign: Romney Fundraising Edge Means 'We're In Trouble'" President Barack Obama's re-election campaign warned supporters in an email plea for cash on Monday that Mitt Romney's vast fundraising edge means "we're in trouble" with scarcely three months to go before Election Day. LINK

ABC News' Olivier Knox: " Obama Warns 'Romney Hood' Will Take From Poor, Give To Rich" President Barack Obama told cheering supporters at a fundraiser in Connecticut on Monday that Mitt Romney's tax plan would raise taxes on middle-class Americans to pay for a tax cut benefitting the very rich: "It's like Robin Hood in reverse. It's Romney Hood." His remarks drew laughter and applause. LINK

The Hill's Amie Parnes and Justin Sink: " Obama campaign downplays gap, but some donors are nervous" The Obama campaign sought to downplay fundraising expectations on Monday as some top donors expressed exasperation that the president had been outraised for the third month in a row by Mitt Romney's campaign. "We know we will be outspent, that's just the reality, " Jen Psaki, a spokesperson for the Obama campaign told reporters as the president traveled to Connecticut for two high-dollar fundraisers - including one by movie mogul Harvey Weinstein - estimated to bring in $2 million. LINK

The New York Daily News' Kristen A. Lee: " Obama says Mitt is 'Romney Hood' as GOP tops Obama with another huge fundraising haul" President Obama, fresh off another monthly walloping in the fund-raising race, attacked his Republican adversary by giving him an unflattering nickname: "Romney Hood." Obama, outraised in July by Mitt Romney and the Republicans for the third month in a row, blasted the GOP challenger's tax policy, which the President said translated into taking resources from the poor to benefit the rich. LINK

Bloomberg's Kathleen Hunter: " Wintour, Weinstein Host Connecticut Fundraiser to Help Obama" President Barack Obama, seeking to raise at least $2.4 million, turned to movie mogul Harvey Weinstein and other entertainment industry leaders for help funding his re-election campaign. At the second of two events in Connecticut last night, Weinstein and his wife, Georgina Chapman, held a $35,800-a-head dinner at their Westport home. LINK

The Wall Street Journal's Laura Meckler: " Obama Calls For 'Soul Searching' On Guns" In the aftermath of two mass shootings in just over two weeks, President Barack Obama on Monday repeated his call for a national dialogue and "soul searching" over gun violence. But White House officials said they had no information about when or how he would make that happen. LINK

The Wall Street Journal's Laura Meckler: " Obama Visits Connecticut For Hollywood Cash" Fresh off the latest reports showing his campaign is being swamped in the money race, President Barack Obama hit the road Monday to collect millions from one of his favorite sources: Hollywood. LINK

MITT ROMNEY / VICE PRESIDENT WATCH: The Los Angeles Times' Matea Gold and Melanie Mason: " Romney gains rapidly on Obama in Fundraising race" If there was one certainty about this year's presidential campaign, it was that President Obama's fundraising juggernaut could not be beat. But the razor-tightness of the 2012 campaign is now evident not only in the polls, but also in the money race, in which Republican challenger Mitt Romney is rapidly gaining on Obama. LINK

The Washington Post's Karen DeYoung and Scott Wilson: " Romney team struggles to sharpen foreign policy message" Every Friday morning, dozens of Mitt Romney foreign policy advisers hold a conference call with top campaign officials. Some find the calls a useful chance to discuss urgent international crises and long-term strategic issues with like-minded experts, many of them old friends and veterans of Republican administrations. LINK

Politico's Maggie Haberman: " Santorum, Jeb, Rand Paul get convention speaking slots" Via Reuters, the latest news on convention slots for the RNC: Rick Santorum, the former presidential candidate who lobbed harsh criticism at Romney during some bitter primary contests, will join a host of other big-name Republicans as headline speakers, according to Republican sources. LINK

The Boston Globe's Callum Borchers: " Mitt Romney raises $101.3 million in July, beating President Obama for third straight month" Mitt Romney's joint fund-raising committee announced a July haul of $101.3 million on Monday, outraising President Obama's joint committee for the third straight month. No presidential candidate had ever had two $100 million months in a single election. LINK

USA Today's Catalina Camia: " Romney Bus Tour To Roll Through Key Swing States" It's official: Mitt Romney is hitting four swing states starting Saturday for a bus tour aimed at promoting his policies for the middle class. LINK

USA Today's Catalina Camia: " Romney Runs Errands On Day Off Campaign Trail" Mitt Romney bought caffeine-free diet sodas, bottled water and two ears of corn Monday as he ran errands near his vacation home in Wolfeboro, N.H. LINK

USA Today's David Jackson, Fredreka Schouten and Gregory Korte: " Romney Campaign Is On Three-Month Fundraising Winning Streak" President Obama and his aides have been warning supporters for weeks that they're in danger of losing the money battle. Mitt Romney leaves a hardware store in Wolfeboro, N.H., during a day off from the campaign trail on Monday. Mitt Romney and the Republican Party said Monday that they picked up $101.3 million in July, the third straight month they have outraised the incumbent's campaign. LINK

OTHER: The New York Times' Shaila Dewan: " In Weak Economy, an Opening to Court Votes of Single Women" Being single, Alyson Sheradin had no one to rely on when the financial crisis hit. She lost the considerable savings she had tucked away after selling her business in 2002, and struggled to find work as a business consultant, recently moving in with a friend in the suburbs who does not charge her rent. LINK

ABC NEWS VIDEO: ABC News: " Obama Celebrates America's Olympic Achievements" LINK

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