2012 Tuesday: Obama’s failing to out-raise the GOP this time

A little over a year ago, independent analysts were projecting that Barack Obama’s re-election campaign could raise an unprecedented $1 billion. Now, the president’s team is lamenting he may be the first incumbent outspent by his opponent and has taken to asking supporters to forgo wedding gifts and ask their friends to donate to his campaign instead:

Obama Registry

How the mighty have fallen.

We can get into the reasons for this drop-off, which includes fewer contributions from donors both large and small, but let’s also get ahead of an emerging meme in the election: that Mitt Romney and the Republicans are trying to “buy” the presidency.

Most of the people making these complaints didn’t have much to say four years ago, when Obama was the first major-party presidential candidate to forgo public campaign financing and outspent John McCain by half a billion dollars, or more than 3-to-1. And few of them will rue the fact that Obama will end up spending about as much money this time, just that Romney will far outpace McCain’s 2008 total and possibly edge the president.

Minus the hypocrisy, I have no problem with the lack of complaints about Obama in 2008. Campaign contributions are a form of political speech, and there simply were more people wishing to speak via their wallets in favor of Obama than for McCain. If McCain’s team thought it could have raised $500 million more in 2008 by forgoing public financing, I expect they would have done so. (If they thought so and held off anyway, well, they sure proved their point, huh?!?)

The fact is that, this time around, Obama has a record as president that he’s having a hard time defending. It appears there are fewer people this time wishing to speak on his behalf via their wallets, and more people speaking in favor of his opponent. If the left didn’t think there was a national campaign-finance crisis in 2008, they shouldn’t think there is one now.

And it’s not as if he isn’t out there trying to raise money. Today’s fund-raisers in Atlanta, among four today alone, bring Obama’s total number of events to 104 this year (more than one every two days) and 171 since he filed for re-election, according to Mark Knoller, White House correspondent for CBS News.

The message just isn’t selling — literally — this go around.

– By Kyle Wingfield

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211 comments Add your comment

RC---apoi

June 26th, 2012
11:23 am

Well, I’m mad. Somebody made a gift to this couple that’s getting married, and they made it in my name. Trouble is, they made it to the Obama registry and it won’t be long till I start getting grief down at the warehouse. The worst part is, I got this e-mail from the Obama campaign thanking me. It about burned me up.

Is there no limits to where these librul Democrats will go to scrounge up campaign money? I mean, sure, Romney’s getting lots of donations. Trouble is, he’s only got 20 donors or so. I reckon one billionaire is worth about 4,000 Obama supporters.

I say if you’re going to buy the election, go ahead and do it and then let us know who bought it. Don’t put us to the trouble of going to the polls. There must be lots of stupid voters out there voting for the canadate that puts on the most TV ads, is all I can think. We need to bring back the reading tests and the other tests that made sure the folks voting are our kind of people understand what they’re voting for.

the cat

June 26th, 2012
11:23 am

Sure Kyle, keep drinking the kool aid.

Kyle Wingfield

June 26th, 2012
11:25 am

Sorry, cat, but the Kool Aid is going to the people who think it’s OK for Obama to raise $750M but a constitutional crisis for Romney to do the same.

td

June 26th, 2012
11:40 am

What would be funny and send a great message would be an organized effort to send 100,000 to 1 million toasters to the WH.

md

June 26th, 2012
11:40 am

Kool-aid is when unemployment is still high and even higher among certain demographics yet the masses applaud an executive order that bypasses congress and gives illegals the opportunity to get work permits……….

Thomas Heyward Jr.

June 26th, 2012
11:46 am

The amount of money spent in an election has absolutely no influence on the outcome.
.
One million or one trillion…….your typical Romney/Obama supporter can’t even count past his toes and fingers.
.
Thank God……they only make up about only 1 quarter of the population.

Finn McCool (The System isn't Broken; It's Fixed)

June 26th, 2012
11:51 am

Gonna be funny when Obama spends less money but still wins.

Jefferson

June 26th, 2012
11:55 am

A fool and their money are easily separated.

tiredofIT

June 26th, 2012
11:59 am

Bob Dole: Romney looks like a president! That’s enough for me.

Don't Tread

June 26th, 2012
12:00 pm

“asking supporters to forgo wedding gifts and ask their friends to donate to his campaign instead”

Really? Because his lust for more power outweighs helping someone start a new life together, I suppose. It’s all about him and what he wants, and screw everyone else. :roll:

I’m glad I don’t have “friends” like that.

JDW

June 26th, 2012
12:00 pm

@Kyle…interesting misdirection. I know no one that is concerned that Romney will either outraise or outspend the President relative to direct contributions. That may happen but it is not really a concern per se.

Where both the concern and problem lie, as you well know but chose to ignore in this piece, is in the “Corporations are people too” hogwash. The attempt to buy the election will come from that direction. I for one am damn concerned that Adelson can pump $100 million in just for fun and that is just a single source. If I were in Wisconsin I would be damn concerned that two thirds of Walker’s money came from outside the state.

The real problem is that you and everyone else should be concerned as well but can’t see the ramifications beyond your own short-term political agenda.

Jimmy62

June 26th, 2012
12:03 pm

Finn: Gonna be funny when people look at Obama’s record, as well as the economy under his watch, and still vote for him.

DannyX

June 26th, 2012
12:08 pm

Romney should try this, he would rake in some big bucks.

Every time one of his Mormon friends adds a new wife Romney would get more donations. It would start to really add up after the sixth or seventh bride. Help elect Romney, marry another one!

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:08 pm

Cheesy Grits bought the nomination.

Why not try for the whole thing.

Cheesy grits is gonna be in big trouble when he actually has to start taking positions.

The position that ” The President is wrong ” on every issue wont fly forever.

Then its nightie nightie Cheesy Grits.

md

June 26th, 2012
12:08 pm

“Corporations are people too” hogwash”

It’s hardly hogwash considering at least now the unions, corps, and media are playing by the same rules. It made no sense for the 1st to protect the media corps and their agendas without allowing other corps the same access.

md

June 26th, 2012
12:11 pm

“The position that ” The President is wrong ” on every issue wont fly forever.”

“It’s Bush’s fault” has worked for 3.5 years…………..obviously it doesn’t take much to win over the masses.

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:12 pm

Kool Aid is actually believing that Cheesy Grits and his buddies will cut spending when they take power.

It will be business as usual. Tax cuts for the wealthy. Dropping bombs on some dark people somewhere.

And looking very Presidential on Fox News.

DannyX

June 26th, 2012
12:13 pm

“Corporations are people too”

I am going to ask Coca Cola to marry me! Please, instead of wedding gifts send a contribution to the Romney campaign.

Ayn Rant

June 26th, 2012
12:13 pm

Simple explanation: Obama represents the interests of the American people who need better economic and social opportunities but have little change to spare; Romney represents the interests of Big Business and the ultra-rich, who are desperate to retain their privileged status and willing to draw from their hoarded billions whatever it takes to deceive gullible voters.

Rickster

June 26th, 2012
12:14 pm

JDW… are you equally concerned that Unions can pour the same huge amounts of money (taken under the guise of union dues) into efforts to (re-)elect Democrats in both national and state races?

I can’t afford to buy a television commercial on national TV, so I donate to organizations who will use that money – and the money from others who believe the same way – to buy the same ad time.

So, in a very real (and constitutional) sense, money = speech.

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:16 pm

“It’s Bush’s fault” has worked for 3.5 years…………..obviously it doesn’t take much to win over the masses.

Thats because there was some truth to that. Most rational people even hard core Republican friends conceded the Bush administration was a disaster. Compare Bush’s popularity ratings to Obama’s now. No contest.

Your argument doesn’t hold water.

Considering Obama inherited skyrocketing unemployment and economy on the brink of depression and two wars Bush started and had no idea how to fight or end…. Id say Obama has done pretty well holding it together.

md

June 26th, 2012
12:18 pm

Gullible voters are those that think the gov’t is the answer to their prayers when that very same entity must be paid for with the dollars the private sector desperately needs to grow the economy……….

carlosgvv

June 26th, 2012
12:19 pm

Big Business is 100% behind Romney and they will NOT be outspent. They have tons of corporate cash and will spend as much as necessary to get their puppets in the House, Senate and White House.

JDW

June 26th, 2012
12:19 pm

@md…”It’s hardly hogwash considering at least now the unions, corps, and media are playing by the same rules.”

Not hardly, media doesn’t contribute so they are irrelevant. While I don’t believe that unions as an organization should be able to make unlimited contributions, a strong argument can be made that the source of their funds is limited to the workers they represent and is therefore an extension of the individual. On top of that Unions are non profits.

A corporation is contributing money that was gained by selling products and services for profit and are solely interested in doing things that are in their economic interest which may differ dramatically from the interests of the rest of us. On top of that when a corporation gives money from those profits they are using money from their customers without informing them in advance of their intentions. The money has no direct line from the individual.

Middle of the Road

June 26th, 2012
12:22 pm

Count me in as someone who’s been complaining about campaign finance imbalances for many, many years. And Citizens United has just exacerbated the situation. Yes, Obama is losing the monetary battle with Romney but what’s sad is that the last I read he has over a third more donors. Romney just has more fat cats in his pocket. Sheldon Adelson’s contributions alone is equal to the donations of tens of thousands of ordinary Americans. And its no surprise which party is so feverishly guarding the Bush tax cuts for the highest brackets. Quid pro quo.

Kyle, in light of what’s REALLY going on your statement that ” It appears there are fewer people this time wishing to speak on his behalf via their wallets, and more people speaking in favor of his opponent.” is completely nonsensical. I expect better from you.

And no I’m not a card carrying member of any party. Never have been, never will be.

md

June 26th, 2012
12:22 pm

My argument doesn’t hold water? Blaming Bush for the malfeasance of a large group of homeowners especially when Bush warned that Fannie/Freddie were in trouble is what doesn’t hold water……..

And that includes our President that doesn’t have the intellectual honesty to acknowledge said fact….

You are aware that without homeowners borrowing more than they knew they couldn’t afford there never would have been bad securities…….don’t you?

And to blame their behavior on bush……sad.

md

June 26th, 2012
12:24 pm

“Not hardly, media doesn’t contribute so they are irrelevant.”

Irrelevant? In what world do you live in?

Up until Citizens united, the media was the major player in pushing an agenda…..please tell us you understand that every media corp has it’s own agenda……….

JDW

June 26th, 2012
12:25 pm

Rickster…” are you equally concerned that Unions can pour the same huge amounts of money (taken under the guise of union dues) into efforts to (re-)elect Democrats in both national and state races?”
I think the unions, as organizations should be limited as well. Their members should be able to contribute up to their limits.

“I can’t afford to buy a television commercial on national TV, so I donate to organizations who will use that money – and the money from others who believe the same way – to buy the same ad time.
So, in a very real (and constitutional) sense, money = speech.”

And you should be able to contribute up to your limit to any organization you wish. But, that limit should be the same for each individual. Adelson should not be able to pour $100 million into the race.

md

June 26th, 2012
12:27 pm

“a strong argument can be made that the source of their funds is limited to the workers they represent and is therefore an extension of the individual.”

Only if one were to make the assumption that all members of said union belonged to one party……which would be a bad assumption.

a dad

June 26th, 2012
12:27 pm

Can’t we all just get along … glub glub glub

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:29 pm

My argument doesn’t hold water? Blaming Bush for the malfeasance of a large group of homeowners especially when Bush warned that Fannie/Freddie were in trouble is what doesn’t hold water……..

Right….. If they would have only listened to Bush.. LOL

The same guy who lowered taxes during wartime. Unprecedented in US History.

The same guy who thought Iraq would be easy and we would be welcomed with flowers and chocolates.

But I forgot. Anything that happened during Bush’s 8 years were outside of his control. He warned em but they wouldn’t listen.

md

June 26th, 2012
12:30 pm

“A corporation is contributing money that was gained by selling products and services for profit and are solely interested in doing things that are in their economic interest which may differ dramatically from the interests of the rest of us”

And what exactly do you think the media does?? The exact same thing……….after all, they are corporations too………..

JDW

June 26th, 2012
12:30 pm

If you really want to get down to it, elections should be publicly funded. Based on the race the same amount of money should be given, from tax revenues to each qualified candidate.

Then no candidate is beholden to anyone, politicians have to spend no time fund raising and those with large amounts to spend (think Adelson and Grover) can’t foist their agendas on the rest of us through campaign contributions.

md

June 26th, 2012
12:33 pm

Some here would be wise to actually look at Bush’s economy prior to those homeowners borrowing what they could not afford……unemployment was around 4%, which is considered full employment. I will conceded though that without the idgits buying what they couldn’t afford it stands to reason that unemployment would have been a bit higher.

JDW

June 26th, 2012
12:33 pm

@md…”And what exactly do you think the media does?? The exact same thing……….after all, they are corporations too………..”

And as such should be limited in contributions…but they really don’t contribute very much anyway so why be concerned?

JDW

June 26th, 2012
12:34 pm

@md…”Only if one were to make the assumption that all members of said union belonged to one party……which would be a bad assumption”

If they don’t like the way thier money is spent they can vote against the leadership.

tiredofIT

June 26th, 2012
12:35 pm

Who was that guy that ran around the white house joking about looking for WMD? Now that’s a man that was concerned about the war he started.

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:35 pm

Some here would be wise to actually look at Bush’s economy prior to those homeowners borrowing what they could not afford……unemployment was around 4%

Thats just what he inherited from (D) Clinton. He hadn’t enough time to really screw it up yet.

md

June 26th, 2012
12:36 pm

“If you really want to get down to it, elections should be publicly funded. Based on the race the same amount of money should be given, from tax revenues to each qualified candidate.”

I could agree with that………..unfortunately, the media was/is/and will be part of the problem……and the 1st will not allow it to be silenced.

Gm

June 26th, 2012
12:36 pm

Kyle, most of Obama donors in 08 were small donations from the people, Gordon Gekko(Willard) is trying to buy this election with corporations fitlthy money, Gekko will have no choice but to be in bed with them.

Can you look in the mirror with a straight face and say Willard Gekko cares about middle class? with all the job out source Willard has done middle class whites, even though they hate Obama are not that stupid.

Finn McCool (The System isn't Broken; It's Fixed)

June 26th, 2012
12:37 pm

YES!
A federal appeals court on Tuesday upheld the first-ever regulations aimed at reducing the gases blamed for global warming. The rules, which were challenged by industry groups and various states, will reduce emissions of six heat-trapping gases from large industrial facilities such as factories and power plants, as well as from automobile tailpipes.

Take that, Big Bidness!

md

June 26th, 2012
12:37 pm

“And as such should be limited in contributions…but they really don’t contribute very much anyway so why be concerned?”

And what do contributions lead to?

Air time……ads……which is “free” to the media……

Finn McCool (The System isn't Broken; It's Fixed)

June 26th, 2012
12:38 pm

Why don’t republicans want people to be able to see who is contributing to the Super Pacs?

Like Romney, no cajones.

md

June 26th, 2012
12:38 pm

“If they don’t like the way thier money is spent they can vote against the leadership.”

Yea….right. Ever been in a union?

I demand to see Cheesy Grits Birth Certificate- Long Form Please

June 26th, 2012
12:44 pm

Yea….right. Ever been in a union?

Yes I have. You get to vote on most everything.

Unions have got a lot of people 40 hour work weeks, health insurance, better pay, etc.

Much more than corporate American would have given the American worker otherwise.

Why do you think Wal-Mart opposes Unions?

So they can keep pay really really low and not have to give insurance or overtime etc.

md

June 26th, 2012
12:46 pm

“Thats just what he inherited from (D) Clinton. He hadn’t enough time to really screw it up yet.”

As I said, might be wise to actually look at the numbers……what he inherited from Clinton was the dot.com recession…….but to blame that on Clinton would also be a mistake…..

sirwinston

June 26th, 2012
12:47 pm

Money is the key to all politicians no matter who they get it from. That is why we are in the state we are in to day! Big Banks folding because of using your money and making bad, bad investments and you found out when your 401K was no longer yours! We have a big problem with money here in America..businesses want you to spend more…..and you do; you are tax, tax to death and can’t get out of it; everytime you look around companies want raise their fees for more profits and want you to pay for their profits and you do; many of you are walking around with some bank’s credit card in your pocket, use monies that is not yours and trying paying it back cost you more than what you have actually used; money make’s us hate one and other and then it make banks and friends and family turn on you for one reason or another. The bottom line is; they want to break you down even further until you have nothing and then you join million of others in the poor house or homeless and there is no help coming from anyone. You can turn the tables by simple means of making them pay you instead of the other way around. Without your support all business stand to lose; give them a reason to lower their fees where you don’t go broke trying to continue buying from them for prices that needs to be lower put they are pumpted up so hight, you fail to see what impact it brings on you. So we have all of the politicians wanting your money to stay in office antoher 4 years so you can continue to struggle for the next 4 years giving them your money! this is what Warren Buffet look’s at all of the time. He finds ways to not need things that are not important to him because he knows the world is going to function anyway. He don’t put his dollars in for someone else to use it to get rich, he get rich by using their money by not accepting their credit cards offers and going into debts where he have to pay them for 5 to 6 years in interests for a longer period of time. I use those same principles myself and have seen the great affects.

md

June 26th, 2012
12:49 pm

“Much more than corporate American would have given the American worker otherwise.”

Which is why our goods are now being produced by little china people making 1/4 of the wage and the American consumer is too stupid to understand that they are buying those goods at their own demise…………….

Lil' Barry Bailout (Revised Downward)

June 26th, 2012
12:50 pm

md: unemployment is still high and even higher among certain demographics yet the masses applaud an executive order that bypasses congress and gives illegals the opportunity to get work permits
———

There go the Democrat sheeple, voting against their own self-interest again

Finn McCool (The System isn't Broken; It's Fixed)

June 26th, 2012
12:55 pm

Lil Barry is concerned he will have to compete with hispanics to flip our burgers?