Obama’s Fundraising Fail

Obama’s Fundraising Fail

Thomas
Lifson

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.
William Jacobson
examines the latest data and makes some shrewd observations.

Obama raised $42
million
for
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.
(snip)

  • Obama is nowhere near on
    track to raise the $1
    billion
    he
    wants for his campaign.
  • Obama’s $42 million haul is less than
    the $50
    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
    raffle
    .

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