Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama Sees Steep Dropoff in Cash From Major Donors
New York Times ^ | April 20, 2012 | NICHOLAS CONFESSORE and DEREK WILLIS

Posted on 04/20/2012 6:54:18 PM PDT by lbryce

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.

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. And Mr. Obama is asking far more of those large donors still giving, exploiting his joint fund-raising arrangement with the Democratic National Committee to collect five-figure checks from individuals who have already given the maximum $5,000 contribution to his re-election campaign.

“They clearly are feeling the pressure,” said one major Obama fund-raiser, who asked for anonymity to characterize his conversations with campaign officials. “They’re behind where they expected to be. You have to factor in $500 million-plus in Republican super PAC money.”

With no primary to excite his base, the economy struggling to rebound, and four years of political battles with Wall Street and other industries taking their toll, Mr. Obama’s campaign raised about $196 million through March,

(Excerpt) Read more at nytimes.com ...


TOPICS: Extended News; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2012; 2012election; campaign; election2012; elections; kenyanbornmuzzie; mittromney; nobama2012; obama; reelction
Let the bad times continue to roll for Obozo. What's bad for the KDE (Kenyan Dog Eater) is good for America.
1 posted on 04/20/2012 6:54:26 PM PDT by lbryce
[ Post Reply | Private Reply | View Replies]

To: lbryce

They haven’t yet cranked up the ‘donations’ from the unverified credit cards from virtually every part of the world.(everyone watch your accounts)


2 posted on 04/20/2012 6:57:40 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce
Looks like those “evil” millionaires and billionaires have found out you can not do business with a tyrant.
3 posted on 04/20/2012 6:59:13 PM PDT by oldbrowser (They are Marxists, don't call them democrats)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KoRn
I'd like to know if he can get a decent inflow of funds from Chinese dish washers...
4 posted on 04/20/2012 7:03:21 PM PDT by C210N (Go Newt!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: lbryce

In my best Nelson voice: Ha Ha!


5 posted on 04/20/2012 7:04:33 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it and the law is what WE say it is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KoRn
Your exactly right. The money is there, the only problem is in the accounting for it. This was not a major obstacle to overcome in 2008 and I don't see it as being a problem for him in 2012. If the final polls don't show the republican nominee up by 20~25 points just prior to election day, Obummer will steal it by 10 % points. If this guy is recoranated this great Country of ours is done.

My Brother died in Floriduh 2 years ago, I know he'll vote the one (He would have voted for him had he still shared our AIR, anyway.

6 posted on 04/20/2012 7:04:38 PM PDT by corbe (mystified)
[ Post Reply | Private Reply | To 2 | View Replies]

To: lbryce

Spews Balls of Manure each time he gives a speech!!

7 posted on 04/20/2012 7:07:14 PM PDT by Colonial Warrior (Help us OB/GYN! You are our only hope!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

Light bulbs are starting to come on in the minds of liberals?


8 posted on 04/20/2012 7:09:41 PM PDT by doc1019 (Romney will never get my vote!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Colonial Warrior

LOL, good one.

Guess Obama will have to rely on all his “little people” this time for contributions. Problem is, none of them have jobs.


9 posted on 04/20/2012 7:09:41 PM PDT by LibsRJerks
[ Post Reply | Private Reply | To 7 | View Replies]

To: lbryce
Earlier tonight: Obama Raised $46 Million in March

Something's not adding up here.

10 posted on 04/20/2012 7:11:38 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

I guess that the Lamestream Media will just have to work harder to provide free propaganda for The One.


11 posted on 04/20/2012 7:13:34 PM PDT by Lysandru
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

There were numerous reports in 2007/2008 that Obama had gotten huge amounts of money from the Middle East. It is obvious that the “thrill of hope and change” is gone for many O-bots, but I wonder how much the lack of muslim funds will impact his administration. He raised a ridiculous amount of money last time.


12 posted on 04/20/2012 7:17:37 PM PDT by volunbeer (Don't worry America, our kids can pay for it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce
Bad headline.

Obama himself can't even "see" himself in a mirror without Axelrod there to point him out.

13 posted on 04/20/2012 7:22:53 PM PDT by elkfersupper ( Member of the Original Defiant Class)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

Maybe because he sucks at being President? Don’t need a whole article for that.


14 posted on 04/20/2012 7:25:17 PM PDT by MacMattico
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

If the Evil Rich that BO vilifies every chance he get still contribute to his re-election, they deserve every tax increase with which he promises to punish them. They are too stupid to hang on to what they have.


15 posted on 04/20/2012 7:25:53 PM PDT by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: KoRn
They haven’t yet cranked up the ‘donations’ from the unverified credit cards from virtually every part of the world.(everyone watch your accounts)

Actually, yes, they have.

Just a bit over two weeks ago.

http://www.freerepublic.com/focus/f-bloggers/2867544/posts

Times be tough in O`bammy land...

.

16 posted on 04/20/2012 7:27:14 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
[ Post Reply | Private Reply | To 2 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks lbryce. Maybe they’ve figured out what he intends for them if he wins reelection?


17 posted on 04/20/2012 7:28:49 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: elkfersupper

FUBO FUMO FUEH FUSC FUJB FUTG FUJN FUHC FUSS FUEK FUKS FULP FURL FUVJ!!!!


18 posted on 04/20/2012 7:31:42 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
[ Post Reply | Private Reply | To 13 | View Replies]

To: lbryce
Obviously,the Slimes got the fax from Victory Headquarters.it appears that thy’re unaware that Osama only today sent out his first solicitation to the mullahs in Tehran and to Fatbody in North Korea.
19 posted on 04/20/2012 7:34:28 PM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce
DG EAT DG

20 posted on 04/20/2012 7:50:40 PM PDT by null and void (Day 1186 of America's ObamaVacation from reality [Heroes aren't made Frank, they're cornered...])
[ Post Reply | Private Reply | To 1 | View Replies]

To: txrefugee

Hollywood-the evil rich-they are just too stupid to know it!


21 posted on 04/20/2012 8:02:32 PM PDT by dandiegirl
[ Post Reply | Private Reply | To 15 | View Replies]

To: doc1019

Only if they’re the bulbs with mercury in them.


22 posted on 04/20/2012 8:09:11 PM PDT by FedsRStealingOurCountryFromUs
[ Post Reply | Private Reply | To 8 | View Replies]

To: null and void

I want one!!!! Make that a dozen!!


23 posted on 04/20/2012 8:16:18 PM PDT by SueRae (Tale of 2 Towers - First, Isengaard (GOP-e), then, the Tower of Sauron on 11.06.2012)
[ Post Reply | Private Reply | To 20 | View Replies]

To: GlockThe Vote

You forgot FUDA FUDWS FUDP


24 posted on 04/20/2012 8:19:44 PM PDT by txhurl (Thank you, Andrew Breitbart. In your untimely passing, you have exposed these people one last time.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Steely Tom

With only 6 months remaining, at $46 M /month won’t reach Billion by election day.


25 posted on 04/20/2012 8:40:28 PM PDT by entropy12 (Winning is the only thing...coach Vince Lombardi. Losers in elections have zero power.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: lbryce
"sharp dropoffs in donations from nearly every major industry"

This is impossible because 0bama is so pro-industry!

26 posted on 04/20/2012 8:45:45 PM PDT by Uncle Miltie (FOCUS ON FACTS: 0bamaCare Hated. Worst Recovery. Failed Stimulus. Worst Deficits.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

27 posted on 04/20/2012 8:53:02 PM PDT by CodeToad (If it ain't Newt, we're screwt !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

Funny thing - when your ideology is to redistribute unlimited wealth from those who have it to those who don’t, the deep pockets suddenly don’t feel much inclined to donate to your campaign any more.......


28 posted on 04/20/2012 9:26:02 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

Couldn’t happen to a nicer guy.Now the DNC will have to give most of their funds to him and won’t have the $$ to help fund the Congressional races. :)


29 posted on 04/20/2012 9:40:01 PM PDT by chris_bdba
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

Couldn’t happen to a nicer guy.Now the DNC will have to give most of their funds to him and won’t have the $$ to help fund the Congressional races. :)


30 posted on 04/20/2012 9:48:01 PM PDT by chris_bdba
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

31 posted on 04/21/2012 10:24:30 PM PDT by jonrick46 (Countdown to 11-06-2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

BTTT!


32 posted on 04/22/2012 1:13:27 AM PDT by neverdem (Xin loi minh oi)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

What do they expect when the campaign manager spends his time gossiping on twitter about the Romney family vacation?


33 posted on 04/22/2012 2:16:09 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lbryce

At this point, just the kickbacks from his firesale of the treasury will exceed the income of most third world nations.

Obama does not need money, if he needs more money he will just print it...


34 posted on 04/24/2012 5:12:49 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson