Obama’s Fundraising Fail
The media will not hype it, but the Obama re-election
effort is on track to fail at raising the promised billion dollars for his
re-election campaign. After it’s hard to raise money when you look like a loser
and part of your base is alienated. Although news reports credit him with $70
million in the most recent quarter, that includes money raised by the DNC. His
own campaign only got $42 million, nowhere what he needs to hit a billion.
examines the latest data and makes some shrewd observations.
Obama raised $42
his campaign in the third quarter, plus another $27.3 million for the DNC.
Naturally, the top line $70 million joint number is being hyped.
- Obama is nowhere near on
track to raise the $1
wants for his campaign.
- Obama’s $42 million haul is less than
million George W. Bush raised in the third quarter of 2003,
the comparable time period.
- The high campaign number of donors and low average
donation numbers does not reflect wide support, but gimmicks like
the $3 dinner