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Rove: Disappointed Obama Donors Turning Off The Spigot
newsmax. ^ | Thursday, 15 Mar 2012 11:54 AM | By Richard Wagner

Posted on 03/19/2012 2:11:33 PM PDT by dennisw

Democrats disappointed with President Barack Obama are withholding campaign donations, leaving him well below his campaign’s fundraising goals, political analyst Karl Rove writes in an opinion column in The Wall Street Journal.

Reports issued by the Obama campaign show that donations have trickled in at a rate of about half of the $50 million a month needed to reach the campaign’s goal of a $1 billion war chest for the 2012 race.

Through January, the president had raised an average of $24 million a month for his campaign and the Democratic National Committee (DNC). Compared with an average of $29 million in each of the previous three months, reported in July, Obama is on track to fall hundreds of millions of dollars short of his original goal, Rove wrote in Wednesday’s issue of the Journal.

“It’s not for lack of trying,” Rove said. “Mr. Obama has already attended 103 fundraisers, roughly one every three days since he kicked off his campaign last April [twice his predecessor’s pace].”

Reports show that fewer than 7 percent of Obama’s 2008 donors renewed their support in the first quarter of his re-election campaign. The typical renewal rate of contributions is about one-fourth to one-third, Rove said. Former President George W. Bush had a renewal rate of about 20 percent in his 2004 re-election campaign.

Rove pointed to other troubling signs for Obama. His e-mail appeals generally ask for donations of $3, compared to the $10 to $50 donations as they did in 2008.

“Nor are the appeals mostly about issues; many are lotteries. Give three bucks and your name will be put in a drawing for a private dinner with the president and first lady,” Rove writes in the Journal.

“This is clever marketing, but it suggests the campaign has found that only a low price point with a big benefit can overcome donor resistance among people who contributed via mail or the Internet in 2008,” Rove writes. “It also point to higher-than expected solicitation costs and lower-than-expected fundraising returns.”

Statistics also reveal another problem for the president: He is burning through cash at a rapid rate. For instance, his campaign spent 25 percent of what it raised in the second quarter of 2011, compared to Bush’s re-election expenditures of only 9 percent in the first quarter of 2003.

In the third quarter, spending was 46 percent of money raised for Obama compared with 26 percent for Bush; for the fourth quarter, Obama's spending was 57 percent vs. Bush’s 40 percent.

This year, Obama’s numbers worsen, Rove writes in the Journal. In January, his campaign spent 158 percent of its donations, compared with Bush’s 60 percent in January 2004.

Team Obama and the DNC had $91.7 million in cash at the end of January. Bush’s campaign and the Republican National Committee had $122 million in cash at the same point in 2004.

“The Obama campaign’s high burn rate doesn’t come from large television buys, phone banks or mail programs that could be immediately stopped,” Rove writes in the Journal. “It appears to result instead from huge fixed costs for a big staff and higher-than-expected fundraising outlays. These are much tougher to unwind or delay. Left unaltered, they generally lead to even more frantic efforts to both raise money and stop other spending.”

Rove pondered whether these problems perhaps explain why Team Obama told congressional Democrats last week not to expect “a single dime for their campaign efforts from the Democratic National Committee this year. All the DNC funds will be needed for the president’s re-election.”


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 2012; bho2012; democrats; elections; fundingtheleft; fundraising; nobama2012; obama

1 posted on 03/19/2012 2:11:44 PM PDT by dennisw
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To: dennisw

I’ve turned off my “give a durn” spigot where Rove is concerned.


2 posted on 03/19/2012 2:13:09 PM PDT by Albion Wilde ("The facts of life are Tory." -- Margaret Thatcher)
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To: dennisw
Rove pointed to other troubling signs for Obama. His e-mail appeals generally ask for donations of $3, compared to the $10 to $50 donations as they did in 2008. Must be another sign the Obama Depression is having its intended effects.
3 posted on 03/19/2012 2:14:39 PM PDT by Standing Wolf
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To: Albion Wilde

I think we may be hearing alot more from Rove, in the near future.

His Super-Pac has $20 million...with a goal of raising $300 million.

Sooner or later, the GOP contenders will have to kiss his ring.


4 posted on 03/19/2012 2:16:12 PM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: lacrew
Sooner or later, the GOP contenders will have to kiss his ring.

Thank God I'm not running...Turd Blossum can KMA! LOL!

5 posted on 03/19/2012 2:22:11 PM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: dennisw

Upon first glance at the title, I thought Rove was disapointed Zero’s donations are down.


6 posted on 03/19/2012 2:25:03 PM PDT by Rennes Templar
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To: lacrew

That money is already ear marked for Romney.


7 posted on 03/19/2012 2:25:24 PM PDT by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: lacrew

That money is already ear marked for Romney.


8 posted on 03/19/2012 2:30:14 PM PDT by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: dennisw

The Obama admin’s economic policies remind me of the spending patterns of star athletes who come from modest to no means and who suddenly find themselves with a boatload of money to spend. They don’t know when to stop spending. Obama’s campaign appears to be no different than his administration. Unfortunately, the country is triple-times broker than when Obama took over. I realize that Congress controls the purse strings, but Congress has done nothing that Obama didn’t want.


9 posted on 03/19/2012 2:37:31 PM PDT by petitfour
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To: dennisw
So, it turns out that running on a platform of hope, change, magical fairy dust, and glittery unicorn kisses is much easier than running on an actual record of hard work and concrete accomplishments.

Huh. Who'da thunk it, right?

Okay, other than everyone who actually produces and creates for a living, who'da thunk it?

I'm betting that this has come as an absolute, stunning surprise to the White House.

10 posted on 03/19/2012 2:38:47 PM PDT by mountainbunny (Seamus Sez: "Good dogs don't let their masters vote for Mitt!")
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To: dennisw

Obama has already attended 103 fundraisers and finds out the well is dry and it’s getting real dark,no sign of $oros.


11 posted on 03/19/2012 2:39:23 PM PDT by Vaduz
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To: dennisw
“The Obama campaign’s high burn rate doesn’t come from large television buys, phone banks or mail programs that could be immediately stopped,” Rove writes in the Journal. “It appears to result instead from huge fixed costs for a big staff and higher-than-expected fundraising outlays. These are much tougher to unwind or delay. Left unaltered, they generally lead to even more frantic efforts to both raise money and stop other spending.”

In other words, his campaign's approach to financial management is a microcosm of the bloated government he presides over (and expands at every opportunity).

12 posted on 03/19/2012 2:40:02 PM PDT by BlatherNaut
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To: mountainbunny

Obama has concrete results of his now three plus years in office?

About as “concrete” as the overshoes that used to be poured around the feet of the rats the mob then threw into the East River.

When the magic is gone, it is gone....

Unfortunately, the money that is NOT going to Obama’s re-election, will be poured into the effort to hold the Senate and retake the House of Representatives.

And that trade may be one which we can ill afford.


13 posted on 03/19/2012 2:46:51 PM PDT by alloysteel (College "education" may be the worst mischief to be inflicted upon the next generation.)
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To: dennisw; All

I wonder how they intend to funnel the millions being raised overseas to the Obama campaign coffers, as stated in an FR article earlier today?


14 posted on 03/19/2012 2:49:26 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: lacrew

$20M with a goal of $300M? Sounds like Mr. Rove may be behind schedule himself.


15 posted on 03/19/2012 2:50:46 PM PDT by 9YearLurker
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To: dennisw

The totally FREE promoting and protection given Obama by the sycophantic press and TV more than compensates for any small drop in his collections from other Marxist sympathizers.


16 posted on 03/19/2012 3:15:03 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: dennisw
They may not be donating but I think Rove divined the wrong motivator.

It is not that they are disappointed in his action. I think it is more acceptance that the money would be spent on a losing proposition, obummer's re-election.

17 posted on 03/19/2012 3:24:55 PM PDT by pfflier
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To: dennisw

"Uh, yes, Mr. S? My funding's running out, and I was, uh, wondering if we could count on you for some help?"

"Yes, yes, Barack! I'll call you back! [hangs up] Idiot! Totally useless! Somebody get me my new monkey! Hello, Jeb? How are you?",


18 posted on 03/19/2012 3:41:11 PM PDT by COBOL2Java (Mitt Romney is SEVERELY conservative - and I'm SEVERELY against giving him my vote!)
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To: dennisw
Rove, go away.

I know that you won't since you are running Mitt's campaign.

19 posted on 03/19/2012 4:02:40 PM PDT by Christie at the beach (I like Newt and would love to see political dead bodies on the floor.)
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To: dennisw

Are all the people and organizations they funneled the trillion dollars in tax payer “stimulus” to, getting greedy and holding onto it?

That wasn’t the plan...


20 posted on 03/19/2012 4:12:58 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: dennisw

“”He is burning through cash at a rapid rate””

What are they spending the money on? The campaign certainly is not reimbursing the taxpayers for all the taxpayer paid travel and WH government employees are working on the campaign so where’s the money going? Wonder if Debbie W-S in FL could clue us in??

Does anyone believe they are hard up for $$$$? Not me. They have more than enough sugar daddies to plug the holes.


21 posted on 03/19/2012 4:24:31 PM PDT by Thank You Rush
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To: COBOL2Java; dennisw; ntnychik; dixiechick2000

22 posted on 03/19/2012 4:32:43 PM PDT by PhilDragoo (Hussein: Islamo-Commie from Kenya)
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To: Albion Wilde

I’d like to turn the spigot on Tokyo Rove. After I’ve passed the beer through my kidneys, of course.


23 posted on 03/19/2012 4:55:50 PM PDT by M1911A1
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To: dennisw

Rove pondered whether these problems perhaps explain why Team Obama told congressional Democrats last week not to expect “a single dime for their campaign efforts from the Democratic National Committee this year. All the DNC funds will be needed for the president’s re-election.”
***************************************
If that is truly happening, it’s a real opportunity for Republicans to gain big majorities in the House and Senate. That should be the goal of Conservatives, whether Republican or Independant, regardless of which party wins the race for POTUS.


24 posted on 03/19/2012 5:34:28 PM PDT by octex
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To: alloysteel

No, my point was that Obama has to run on his “record”, such as it is, rather than on promises and wishes. He can’t run on hot air, finger pointing, and empty rhetoric, even though that’s pretty much all he has.

His record stinks, partly because of his leanings, and partly because doing productive work and creating meaningful results is something he is not accustomed to.

Community organizer? How do you measure results with a job like that? Exactly when is the community organized? How do you know when its done? Heck, how do you know if it has started?

So, he’s lagging, rightfully. Not as much as he should, but as you say, the magic is gone, and that’s something.

Now comes the hangover.


25 posted on 03/19/2012 8:45:53 PM PDT by mountainbunny (Seamus Sez: "Good dogs don't let their masters vote for Mitt!")
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To: dennisw

I dont buy this Crap for a second,Fits right into Obozos Strategy,The RICH are against me,Boo Hoo,Im for the Little Guy, Vote for me,Im not like that Rich Bum Romney


26 posted on 03/20/2012 4:04:22 AM PDT by ballplayer
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To: ballplayer

No kidding. Poor little baraq can’t get funding.
Yeah right. MF Global lost 1.2 Billion and still no one knows where the money is. 1.2 Billion just doesn’t go missing. Right about that same time, baraq was bragging that he has around a billion raised. Connect the dots.
Also baraq, being the good team player he is, has told the congressional dimrats they would not be receiving any of his stash. Nice way to stab your fellow rats in the back.

Add to that baraq will get billions worth in fawning praise from his media that he won’t have to pay for.


27 posted on 03/20/2012 4:12:09 AM PDT by Texas resident (Hunkered Down)
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