President Obama has money troubles
President Obama has money troubles. The president's re-election campaign was rumored to be a $1 billion juggernaut, it was supposed to dominate the 2012 election. But it has fallen short of that lofty number, by a lot.
The inability to reach the big B is a warning signal to the base. In 2008 Democrats had every reason in the world to donate, and they need to be convinced of the same this time around.
Of course part of the problem stems from Super PACs, groups that can raise and spend unlimited amounts of money on candidates, as long as they do not co-ordinate with those candidates. The disparity between the Super PAC backing Obama -- Priorities USA -- and the conservative one affiliated with Karl Rove -- American Crossroads -- is stark: American Crossroads has ten times as much money in the bank as Priorities USA.
Once the general election begins, the Karl Rove group can start dumping a lot of cash on Obama's head, which will lead to a wake-up call for Democrats to start writing checks. Will the top fundraiser also be the Electoral College winner? This will be a hard-fought campaign where money is going to have to play.
Re: President Obama has money troubles
my man doin his part...
America is an idea, but it's an idea that brings with it some baggage, like power brings responsibility. It's an idea that brings with it equality, but equality even though it's the highest calling, is the hardest to reach. The idea that anything is possible, that's one of the reasons why I'm a fan of America. - Bono, Commencement University of Pennsylvania May 17, 2004
The Following 4 Users Say Thank You to Tracy For This Useful Post:
EpicWin (04-11-2012),hockey (04-11-2012),laserhaas (04-11-2012),motherof3 (04-12-2012)