Skip to comments.Obama Sees Steep Dropoff in Cash From Major Donors
Posted on 04/20/2012 6:54:18 PM PDT by lbryce
President Obamas 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. Romneys 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. Theyre 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. Obamas campaign raised about $196 million through March,
(Excerpt) Read more at nytimes.com ...
They haven’t yet cranked up the ‘donations’ from the unverified credit cards from virtually every part of the world.(everyone watch your accounts)
In my best Nelson voice: Ha Ha!
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.
Spews Balls of Manure each time he gives a speech!!
Light bulbs are starting to come on in the minds of liberals?
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.
Something's not adding up here.
I guess that the Lamestream Media will just have to work harder to provide free propaganda for The One.
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.
Obama himself can't even "see" himself in a mirror without Axelrod there to point him out.
Maybe because he sucks at being President? Don’t need a whole article for that.
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.
Actually, yes, they have.
Just a bit over two weeks ago.
Times be tough in O`bammy land...
Thanks lbryce. Maybe they’ve figured out what he intends for them if he wins reelection?
FUBO FUMO FUEH FUSC FUJB FUTG FUJN FUHC FUSS FUEK FUKS FULP FURL FUVJ!!!!
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.