Tweet
The New York Times reported that:
President Obama’s re-election campaign is straining to raise the huge sums it is counting on to run against Mitt Romney, with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors.
From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago. The falloff has left his fund-raising totals running behind where they were at the same point in 2008 — though well ahead of Mr. Romney’s — and has induced growing concern among aides and supporters as they confront the prospect that Republicans and their “super PAC” allies will hold a substantial advantage this fall.
To whom does the Obama campaign turn when the stuffed-pocket crowd has turned its collective back on him?
With big checks no longer flowing as quickly into his campaign, Mr. Obama is leaning harder on his grass-roots supporters, whose small contributions make up well over half of the money he raised through the end of March, according to reports filed Friday with the Federal Election Commission.
The Republican Super PACs are fat with cash just as one should have expected after the Supreme Court’s very controversial Citizens United decision (.pdf). This problem has thus forced the Obama campaign to make appeals for funding to the lesser people whose interests he failed to serve during his first term.
Caveat emptor!
4 Comments
I dunno, not-Saul; O’Bomba’s raised over twice what Mitt has, though the percentage from ‘smaller donors’ is vastly different. Take a look at the ‘Bundlers’ list; I really forget how that works, but his list looks pretty extensive to me. Sooner or later those amounts add up to real money. And didn’t I hear some large gay groups are holding back for now to get O to reverse reneging on gay rights in the workplace? They’ll come through.
And…I forget what my other point was, lol!
Hell, the Banks’ll come through for him; what more could they expect from Romney, really?
This is just clever pro-Obama misinfo/”framing” from the NYT.
That could actually be used as a case study in modern political deceptive propaganda.
You’d think that he might now show his base some love. But that’s not how these clever Chicago Democrats think. They’ll say to themselves, if our left-leaning base abandons us we’ll have to more further to the right in search of funding.