Obama fundraising a flop?

posted at 9:15 am on March 19, 2012 by Ed Morrissey

Remember when the Obama campaign hinted that they could raise a billion dollars to keep Barack Obama in the White House?  Good times, good times.  In February, Obama raised $45 million, but that was in partnership with the DNC, which has claim on some of that cash:

President Obama‘s reelection effort added $45 million to its coffers in February, a boost in fundraising as the campaign builds up its national infrastructure.

The $45 million haul was raised jointly by the Democratic National Committee, Obama for America and two joint fundraising committees — the Obama Victory Fund and the Swing State Victory Fund.

According to the campaign, 105,000 of the more than 1.5 million donors last month were giving for the first time. The average donation was $59.04, and 97.7% of donations were in increments of $250 or less.

Obama got $29 million all to himself in January, and February probably won’t be much different; for some reason, the LA Times doesn’t report on how the $45 million in February got split.  Even the joint number is down $12 million from the comparable number in 2008, and the Obama campaign still trails the George W. Bush re-election effort in 2004.  It’s getting so bad that Team Obama leader Jim Messina is acknowledging that Mitt Romney would beat Obama in an election today in an attempt to frighten Democrats into contributing.

So far, the prospect of Obama losing this election doesn’t appear to be too frightening, even to Democrats.

The Washington Post takes notice of the fundraising flop:

President Obama is struggling to draw in big-dollar donations, with half as many people writing large checks to his campaign than at this point four years ago.

Obama is outpacing his Republican rivals in fundraising overall, and his advisers have concentrated on amassing small-dollar backers, part of a strategy to get more people invested in the reelection effort. At the end of January, 1.4 million people had donated to the Obama campaign, responding to appeals for contributions as small as $2.

But Obama lags behind Republican front-runner Mitt Romney in finding donors willing to give $2,000 or more — a surprising development for a sitting president, and one that could signal more worrisome financial problems heading into the general election. At this point in the last election cycle, Obama had received such large donations from more than 23,000 supporters, more than double the 11,000 who have given him that much this time. President George W. Bush had more than four times that number of big donations at this point in his reelection.

Democrats attempt to explain this as a natural reaction to a weak field of potential opponents:

Democrats see a variety of possible explanations for such a dramatic drop in big-dollar contributions. The ailing economy has dampened fundraising overall. Some wealthy liberals and Wall Street executives alike have grown disaffected with the president over time. And the extended Republican primary has shined a spotlight on a field of potential rivals that many Democrats believe Obama will easily beat.

“Some people think these Republicans are easy marks, and they aren’t taking it as seriously as they need to yet,” said Judy Wise, one of Obama’s “bundlers,” the campaign term for people who host events and gather checks from other donors.

Er … riiiiiiiight.  And the use of the economy as a reason for depressed donations is especially telling.  Obama insists that the economic recovery is gaining strength.  If that’s the case, then why would the economy mean fewer donations than in 2008, when the economy was in free fall?

The real problem for Obama is that only the true believers are buying the Hopenchange routine this time around.  Obama has had three years to demonstrate his competence for the job, and he’s failed.  Even his own campaign subtly acknowledges that reality; they’re making campaign ads about 2008, not 2010 and 2011.  Their biggest attack ad so far this cycle was aimed at Sarah Palin, who ran as the VP nominee on the 2008 ticket and isn’t running for office at all this year.  The Obama campaign can’t win a referendum on Obama’s term in office, and they know it — and they can’t effectively raise funds off of it, either.

Update: Jim Geraghty notes that Obama himself attended six separate fundraisers on Friday, a new record.


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I don’t know why his fundraisers aren’t doing better, especially with attractions like being flipped off & cussed at by singers:

http://www.realclearpolitics.com/video/2012/03/17/cee_lo_green_performs_fk_you_flips_off_crowd_at_obama_fundraiser.html

itsnotaboutme on March 19, 2012 at 9:18 AM

When the Obama lies and deceptions have become so obvious even the most brainwashed leftwing lemmings are embarrassed, how could this deceiver raise money to keep his attack on the American people going?

volsense on March 19, 2012 at 9:20 AM

Team Obama leader Jim Messina is acknowledging that Mitt Romney would beat Obama in an election today in an attempt to frighten Democrats into contributing.

They’re focusing on Mitt, but we’re still fractured.

Hopefully our side will soon be as convinced of Mitt’s inevitability as their side is, so that Mitt and we can focus on Obama.

itsnotaboutme on March 19, 2012 at 9:21 AM

Why is odumbo surprised or concerned about this? All the funders that he duped in 2008 have realized that doesn’t make sense to pay someone to kick you in the groin. Epic fail and not a surprise – this is what socialists do. Then they are astounded when people don’t “adore” them.

HomeoftheBrave on March 19, 2012 at 9:22 AM

Obama can insulate his allies from his train wreck of an economy only so much.

The Count on March 19, 2012 at 9:23 AM

They’re focusing on Mitt, but we’re still fractured.

Hopefully our side will soon be as convinced of Mitt’s inevitability as their side is, so that Mitt and we can focus on Obama.

itsnotaboutme on March 19, 2012 at 9:21 AM

No one needs to be convinced of inevitability. Let Mittens win enough delegates to clinch the nomination(which he’s on pace to do anyway), and then the base will get behind him. But I think he needs to earn the damn thing. Personally, I’m glad he’s had to sweat for it a little bit because now he’s been forced to at least acknowledge conservative voters and he’s(hopefully) gotten his worst unforced errors out of the way early.

Doughboy on March 19, 2012 at 9:23 AM

Over 100+fundraisers

Campaigner in chief

Blame bush and all those racists

cmsinaz on March 19, 2012 at 9:23 AM

I’m proud to say I haven’t given him 1 dime.

docflash on March 19, 2012 at 9:24 AM

But, but beautiful Hollywood Progressives in London fawn over him.

hawkdriver on March 19, 2012 at 9:25 AM

I guess those high gas prices mean people have less money to give Dear Liar. But hey, contraceptives!

rbj on March 19, 2012 at 9:26 AM

Not to worry! The kick-backs from entities that received stimulus funds, and returned a portion in some manner, are somewhere where nobody can see them. Everything’s good!

KOOLAID2 on March 19, 2012 at 9:26 AM

People spend big money for access and they are betting there will be no access after december.

aniptofar on March 19, 2012 at 9:26 AM

Many liberal CEO’s have come out and publicly said that Zero must go. Why would they contribute to him? Zero knows he’s running on fumes or he would never have attended six fundraisers in one day.

THAT is a public demonstration of desperation. Someone needs to tell him, though, “Remember November 2010?” no amount of cash will turn back the tsunami that’s coming.

dogsoldier on March 19, 2012 at 9:27 AM

I’m sure all of the OWS crowd is falling all over themselves to contribute to Barry Soetoro or whatever the hell his name is.

tbear44 on March 19, 2012 at 9:28 AM

Doughboy on March 19, 2012 at 9:23 AM

The base will get behind Mitt more than we already are when he announces Jindal or Rubio for veep.

itsnotaboutme on March 19, 2012 at 9:30 AM

At the Atlanta fundraiser, Obama advocated raising taxes on the rich. He looked at Tyler Perry and said hey, you’re doing well; you can pay more.

What’s funny to me about that is that if Perry agreed that someone in his position should pay more in taxes, wouldn’t he have built his studio in Hollywood or New York City where most such facilities are? He set up here in Atlanta partly, I would think, as a tax advantage.

radjah shelduck on March 19, 2012 at 9:30 AM

Some wealthy liberals and Wall Street executives alike have grown disaffected with the president over time.

Notice how WaPo buried this little nugget of truth in between ‘ailing economy’ and ‘weak Republican field’? Probably hoping Obozo wouldn’t notice.

Dee2008 on March 19, 2012 at 9:30 AM

My Monday morning just got a whole lot better!

locomotivebreath1901 on March 19, 2012 at 9:30 AM

I’ve always enjoyed how the MSM just reported Obama’s “billion dollar boast” as if it were fact. Now, they’re scratching their heads trying to understand how it’s not coming to pass.

Bitter Clinger on March 19, 2012 at 9:33 AM

Not to worry! The kick-backs from entities that received stimulus funds, and returned a portion in some manner, are somewhere where nobody can see them. Everything’s good!

KOOLAID2 on March 19, 2012 at 9:26 AM

Took the words right out of my mouth.
Taxpayer money is waiting in the wings.

Mimzey on March 19, 2012 at 9:34 AM

But, but…butt…Moochelle is raising billions! She’s ingested 1 billion by herself!….oh?…Calories?…oh?…you’re talking dollars? Never mind!
libfreeordie & lobotomy4life

KOOLAID2 on March 19, 2012 at 9:35 AM

The base will get behind Mitt more than we already are when he announces Jindal or Rubio for veep.

itsnotaboutme on March 19, 2012 at 9:30 AM

I’d still prefer Paul Ryan, but Jindal would be a great choice as well. Either one would destroy Biden in the VP debate not to mention demolish every single drive-by who tries to nail them with gotcha questions in interviews. As much as I respect Palin, they wouldn’t succumb to any Katie Couric moments the way she did.

Doughboy on March 19, 2012 at 9:35 AM

I don’t know why his fundraisers aren’t doing better, especially with attractions like being flipped off & cussed at by singers: (link)

itsnotaboutme on March 19, 2012 at 9:18 AM

Having low-lifes like Green & Maher headline for democrat fundraisers tells you everything you need to know. Pathetic!

KS Rex on March 19, 2012 at 9:36 AM

Maybe the big dollar donors have awakened to the fact that a third term of Jimmy Carter would be completely destructive to their survival. So why give money to the Volt/Solyndra of candidates?

MrKleenexMuscles on March 19, 2012 at 9:36 AM

At the Atlanta fundraiser, Obama advocated raising taxes on the rich. He looked at Tyler Perry and said hey, you’re doing well; you can pay more.

What’s funny to me about that is that if Perry agreed that someone in his position should pay more in taxes, wouldn’t he have built his studio in Hollywood or New York City where most such facilities are? He set up here in Atlanta partly, I would think, as a tax advantage.

radjah shelduck on March 19, 2012 at 9:30 AM

What a two-fer.

“Please contribute to my campaign for the distinct priviledge of ‘contributing’ more to my government.”

Who could resist that sales pitch?

Bitter Clinger on March 19, 2012 at 9:36 AM

“Prepare the styrofoam columns!” — President Toonces

Shiny_Tiara on March 19, 2012 at 9:37 AM

Obama won’t need the mythical $1B. He’ll barely need $250M.

Romney is a walking and talking gaffe machine. He’s losing to Obama by 17% in Virginia and 12% in Ohio. He’s also losing in NC, CO, NV and pretty much every other swing state.

Sorry Mittens, you, like your daddy, will never be president.

angryed on March 19, 2012 at 9:41 AM

How much has liberal4life kicked in?

docflash on March 19, 2012 at 9:43 AM

*paging Elle MacPherson*

Time to share the wealth, hunteeeeee.

SouthernGent on March 19, 2012 at 9:44 AM

THAT is a public demonstration of desperation. Someone needs to tell him, though, “Remember November 2010?” no amount of cash will turn back the tsunami that’s coming.

dogsoldier on March 19, 2012 at 9:27 AM

Do you ever look at polls? Obama is winning virtually every poll right now, nationally, locally, swing states. You name it. Romney vs Obama = Obama win.

You guys sound like that NY Times editor who famously said after Nixon’s 1972, 49 state win “How could Nixon have won, I don’t know anyone who voted for him?”.

angryed on March 19, 2012 at 9:44 AM

It’s getting so bad that Team Obama leader Jim Messina is acknowledging that Mitt Romney would beat Obama in an election today in an attempt to frighten Democrats into contributing.

Careful there moonbats, you might be encouraging Republicans to give to Romney.

slickwillie2001 on March 19, 2012 at 9:46 AM

The Obama team, and Obama himself, have a huge Achilles heel: managing expectations.

I am completely fine with Democrats thinking that Obama’s re-election is so inevitable that he really doesn’t need their money or their votes.

And the Democrat Media Complex will continue to perpetuate this over-confidence.

CARRY ON!!!

parteagirl on March 19, 2012 at 9:47 AM

The base will get behind Mitt more than we already are when he announces Jindal or Rubio for veep.

itsnotaboutme on March 19, 2012 at 9:30 AM

I’d still prefer Paul Ryan, but Jindal would be a great choice as well. Either one would destroy Biden in the VP debate not to mention demolish every single drive-by who tries to nail them with gotcha questions in interviews. As much as I respect Palin, they wouldn’t succumb to any Katie Couric moments the way she did.

Doughboy on March 19, 2012 at 9:35 AM

Ryan’s great, but electorally I think we’d do better with a non-White on the ticket.
You’re right about Palin…Don’t forget her Charlie Gibbs moment, too. Jindal, Ryan, & Rubio are too savvy for those traps.

itsnotaboutme on March 19, 2012 at 9:48 AM

This headline alone made me think how much he just sucks at pretty much everything he does.

redmama on March 19, 2012 at 9:50 AM

This is all PR, Ed. How do you assign a monetary value to all the free campaign commercials the MSM will be running masquerading as news??

Remember how the MSM ran almost 70 to 80% positive stories about One-bama compared to only 30% for McCain.

Don’t kid yourselves, gang, One-bama will not be a pushover.

NickDeringer on March 19, 2012 at 9:53 AM

Democrats attempt to explain this as a natural reaction to a weak field of potential opponents:

were they commenting on the NCAA tourney??

ted c on March 19, 2012 at 9:54 AM

Some wealthy liberals and Wall Street executives alike have grown disaffected with the president over time.

Maybe it is time to pull out the fake Greek columns again.

IMO Obama and his people are in full panic mode behind the scenes. No matter how many fundraiser “official trip” gatherings where supportive commies in brightly colored tees are used as props changes the underlying numbers. Obama can be snarky about the GOP to the point that he says stupid stuff about “Rootheford B Hayes” and calls Republicans the enemy but the fact of the matter is he actually has to run on his record and it is not a good one.

Happy Nomad on March 19, 2012 at 9:55 AM

Dear Obowmao,

I really, really want to give you a huge donation, but there just isn’t anything to left after:

skyrocketing gas prices
ridiculous electric bills
onerous taxes
ever increasing health insurance premiums
increasing food prices
stagnant wages and dismal new job prospects
private school tuition due to teach-to-the-test public schools

Geeze Barry. I just feel awful about your financial situation.

Laura in Maryland on March 19, 2012 at 9:56 AM

I love hearing “Obama needs to run on his record”, and what a nightmare it is for him.

MJZZZ on March 19, 2012 at 9:56 AM

Even his own campaign subtly acknowledges that reality; they’re making campaign ads about 2008~Ed

And one of them just received THREE PINOCCHIOS BY THE WASHINGTON POST:

“The Road We’ve Traveled” is a very slick and impressively produced campaign film—sheer catnip for Obama fans. There are a number of facts and figures that could be challenged, but for now we are going to focus on this sequence. The series of words and images is an excellent example of how such films can create a misleading impression, while skirting as close as possible to the edge of falsehood.

Straight from the Jack Nicholson film: “You can’t handle the truth”!

Rovin on March 19, 2012 at 9:58 AM

I’d still prefer Paul Ryan, but Jindal would be a great choice as well. Either one would destroy Biden in the VP debate not to mention demolish every single drive-by who tries to nail them with gotcha questions in interviews. As much as I respect Palin, they wouldn’t succumb to any Katie Couric moments the way she did.

With all the weaknesses of those running for President, it is safe to say that we have a country ton of great VP choices. Unfortunately, they were all a bit too green to go for the top this cycle.

FuzzyLogic on March 19, 2012 at 10:00 AM

Hey, not to worry–if Bammie runs short on campaign cash he’ll just charge it to the taxpayers by classifying all of his campaign stops as “official” business.

stukinIL4now on March 19, 2012 at 10:02 AM

Time to open up the website for foreign donations and watch small donors flock to his campaign.

Grunt on March 19, 2012 at 10:03 AM

I love hearing “Obama needs to run on from his record”, and what a nightmare it is for him.

MJZZZ on March 19, 2012 at 9:56 AM

msupertas on March 19, 2012 at 10:04 AM

I thought about making a joke song using Alice Coopers “Billion Dollar Babies” song, but the lyrics are already perfect…

NotCoach on March 19, 2012 at 10:06 AM

Maybe it’s because his policy positions since taking office have necessarily been expounded upon compared to his campaign promises. It’s one thing to say “We’re going to change America for the better,” but it’s another to say “and we’re going to do it by allowing gas prices to rise, then replace it with sludge.” People just don’t buy it.

So, he can’t run on his record; for if he did, his marketing may not look quite as slick. “Hope” just doesn’t have the same flavor in green.

BKeyser on March 19, 2012 at 10:07 AM

Ryan’s great, but electorally I think we’d do better with a non-White on the ticket.
You’re right about Palin…Don’t forget her Charlie Gibbs moment, too. Jindal, Ryan, & Rubio are too savvy for those traps.

itsnotaboutme on March 19, 2012 at 9:48 AM

A black on the ticket will win us 0.5% of the black vote. A ‘hispanic’ will move a far greater percentage of hispanic voters over to our side, and they are becoming the principal minority in America and thus our future.

slickwillie2001 on March 19, 2012 at 10:07 AM

The big money contributors, irrespective of party, always wait until they see who the incumbent’s ultimate competitor is going to be. Many of the Obama mega-donors are on the sidelines right now but, unfortunately, they’ll fall in line when the time comes.

TXUS on March 19, 2012 at 10:09 AM

I love hearing “Obama needs to run on his record”, and what a nightmare it is for him.

MJZZZ on March 19, 2012 at 9:56 AM

That’s worse than Shatner running on his record.

Laura in Maryland on March 19, 2012 at 10:14 AM

I’m glad he’s had to sweat for it a little bit because now he’s been forced to at least acknowledge conservative voters and he’s(hopefully) gotten his worst unforced errors out of the way early.

Doughboy on March 19, 2012 at 9:23 AM

Don’t count on it…his supporters are proud of his liberal past, they point that out as a strength. The Wall Street bailout recipients and the lobbyists are the ones pulling the strings, and they are not conservatives by any stretch of the imagination. They back whomever they can control and get the most out of.
The Mitt supporters have been duped, conned into supporting a liberal RINO…health care will prevail, global warming, cap and trade, bailouts, and increased govt. spending will be the agenda.
And the Mitt supporters will have to support and cheer him on, or they will have to face the fact that they have been duped.
It seems that Mitt has a long history of being involved in groups that misrepresents and rely on words and not actions. It’s almost as if he and they have been trained and educated to deceive and misdirect…no means yes, yes means no, support means not support, not support means support later…create federal health care, dismantle health care…it’s as if he “believes”, but has no facts, and his belief and others are enough…

right2bright on March 19, 2012 at 10:17 AM

Remember when the Obama campaign hinted that they could raise a billion dollars to keep Barack Obama in the White House?

They never said legally raise …

ShainS on March 19, 2012 at 10:17 AM

We’re going to change America for the better,” but it’s another to say “and we’re going to do it by allowing gas prices to rise, then replace it with sludge.” People just don’t buy it.

BKeyser on March 19, 2012 at 10:07 AM

“Hope and change” have been replaced with “I didn’t do it.”

The comparison is telling between candidate Obama blasting GWB for high gas prices ($2 a gallon) and President Obama whining that he has no control over $4 a gallon gas prices even as his cabinet is engineering European-like prices for gasoline as policy.

The comparison is telling between the arrogant newly elected President stating that he would lower the level of the seas and his supporters thinking that he was going to pay for their gas and homes and the current excuse-making President.

The comparison is telling between the claims this jug-eared commie list as accomplishment (one of best four Presidents in history!) and the reality hidden by the propagandists of the media who are sticking to the story that the economy is booming.

Happy Nomad on March 19, 2012 at 10:18 AM

And one of them just received THREE PINOCCHIOS BY THE WASHINGTON POST:

Rovin on March 19, 2012 at 9:58 AM

Good for WaPo for pointing this out, but O’s citing his mother’s illness as the motivation for passing Obamacare is kind of a lame example. Sure, we know he lied, but who really cares why he thought O’care was needed.

WaPo should have focused on lies that have directly damaged our country…like “unemployment will be 8.5 without the stimulus,” or how about “I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States.”

Dee2008 on March 19, 2012 at 10:20 AM

A black on the ticket will win us 0.5% of the black vote. A ‘hispanic’ will move a far greater percentage of hispanic voters over to our side, and they are becoming the principal minority in America and thus our future.

slickwillie2001 on March 19, 2012 at 10:07 AM

And a solid conservative of whatever ethnicity or gender will win a far greater number of individuals that represent the GOP base. All the candidates have a problem with the base and that needs to be addressed before we start worrying about the optics of the ticket.

Happy Nomad on March 19, 2012 at 10:21 AM

But Obama lags behind Republican front-runner Mitt Romney in finding donors willing to give $2,000 or more — a surprising development for a sitting president, and one that could signal more worrisome financial problems heading into the general election.

Here’s some cold water reality that hopefully will help cool the brain fever of anti-Romney paranoia.

cicerone on March 19, 2012 at 10:26 AM

How much has liberal4life kicked in?

docflash on March 19, 2012 at 9:43 AM

parasites4life do not give ….they just take, then demand more

Bevan on March 19, 2012 at 10:33 AM

Look out. He may need to move the October surprise to April!

PaCadle on March 19, 2012 at 10:33 AM

What with the cost of their contraception, there’s nothing left over to give to Zero.

Kissmygrits on March 19, 2012 at 10:34 AM

Remember when the Obama campaign hinted that they could raise a billion dollars to keep Barack Obama in the White House?

They never said legally raise …

ShainS on March 19, 2012 at 10:17 AM

You don’t think John Corzine and MF Global really just lost $1.2B do you?

slickwillie2001 on March 19, 2012 at 10:36 AM

What, are all of you business people stupid? This is free money I’m offering right here!

You donate $10K and I’ll have one of my minions award your company a multi-million dollar grant or loan.

All you have to do is check the box on the donation form (solar, algae, wind, other)

What’s the problem people, I’ve got plenty of stimulus money left over to dole out.

Not-a-Marxist on March 19, 2012 at 10:36 AM

Obama won’t need the mythical $1B. He’ll barely need $250M.

Romney is a walking and talking gaffe machine. He’s losing to Obama by 17% in Virginia and 12% in Ohio. He’s also losing in NC, CO, NV and pretty much every other swing state.

Sorry Mittens, you, like your daddy, will never be president.

angryed on March 19, 2012 at 9:41 AM

Obama is walking gaffe machine, SNL just doesn’t make a skit about it for some odd reason. You’d think SNL would have a field day if a REPUBLICAN President suggested algae was the solution to our gas prices. For some odd reason, not sure why, but SNL/NBC/GE, just won’t make fun of the President….

Has Romney said 57 states, Austrian language, corpseman??

Wagthatdog on March 19, 2012 at 10:37 AM

Who is surprised the rich he loves to demonize won’t give him any money?

Wagthatdog on March 19, 2012 at 10:41 AM

If you want to hurt Obama, shut down your spending except on essentials until October 20. After that date, it won’t be reflected in any of the economic reports — too late to help Obama.

matthew8787 on March 19, 2012 at 10:42 AM

You don’t think John Corzine and MF Global really just lost $1.2B do you?

slickwillie2001 on March 19, 2012 at 10:36 AM

Good point.

Bitter Clinger on March 19, 2012 at 10:47 AM

Has Romney said 57 states, Austrian language, corpseman??

Wagthatdog on March 19, 2012 at 10:37 AM

No he has said he supports abortion, cap and trade, Romneycare, and lobbyists…I think I would take verbal gaffs over policy gaffs…wouldn’t you?

right2bright on March 19, 2012 at 10:52 AM

Look out. He may need to move the October surprise to April!

PaCadle on March 19, 2012 at 10:33 AM

In which case there’s a 50/50 chance he’ll target the wrong candidate.

Dee2008 on March 19, 2012 at 11:05 AM

Hmmmmmm……….let’s see. Demonize the 1%, then go to them and ask them for money for your re-election. Yeah, that’ll work.

GarandFan on March 19, 2012 at 11:13 AM

I think Ed is overly dismissive of two points raised in the article he quotes.

First:

Obama is outpacing his Republican rivals in fundraising overall, and his advisers have concentrated on amassing small-dollar backers, part of a strategy to get more people invested in the reelection effort.

He’s raising more than the GOP contenders. Kind of buried the lede there.

Meanwhile, the Presisdent’s re-election campaign has so far concentrated on the small-ticket donors. If they had decided to go for the big-donors first, would there be a story on “Obama lags in small donors?”

Also:

And the extended Republican primary has shined a spotlight on a field of potential rivals that many Democrats believe Obama will easily beat.
“Some people think these Republicans are easy marks, and they aren’t taking it as seriously as they need to yet,” said Judy Wise, one of Obama’s “bundlers,” the campaign term for people who host events and gather checks from other donors.

Again, by treating this as mere spin, Ed overlooks the simple logic
of that claim. Why would the big-bucks donors come off the bench at this point? What’s the the point of tossing in now, when Romney hasn’t sewn it up yet? He certainly will be the nominee, but every day the campaign continues is another day for Romney to either pander to the right again(damaging his credibility for the general) or just come up with another odd off-putting thing to say.

Drew Lowell on March 19, 2012 at 11:19 AM

The “Good Money After Bad” effect.

Tim_CA on March 19, 2012 at 11:25 AM

I blame Bush for Obama’s poor fundraising.

Ragnar Danneskold on March 19, 2012 at 11:30 AM

The real tell sign was Burton on This Week. He made some comment about campaigning on where we’re headed, not where we’ve been and dressed it up as forward-looking. Barbour and the host both recognized it as a tactic away from a performance review.

budfox on March 19, 2012 at 11:53 AM

Just because of Obama continues to wage

War on Energy

War on Jobs

War on Healthcare

War on Transportation (including planes, trains, and autos)

War on American exceptionalism

War on US Military

War on Border security

War on California produce

War on executive pay

War on personal responsibility and choice

that STILL leaves him willing donors who are…uh…eh……

landlines on March 19, 2012 at 12:11 PM

Update: Jim Geraghty notes that Obama himself attended six separate fundraisers on Friday, a new record.

From the ABC News article:

UPDATE: This post was updated to reflect a revised number of guests at the final Obama fundraiser at Perry’s home. Obama campaign officials had originally said 60 supporters would attend; instead, there were 40. The minimum, combined total for all six events Friday therefore was $4.8 million, rather than the $5.6 million initially projected.

Are these the same Obama campaign officials who predict an Obama landslide win in November?

fogw on March 19, 2012 at 12:31 PM

Obama is outpacing his Republican rivals in fundraising overall, and his advisers have concentrated on amassing small-dollar backers, part of a strategy to get more people invested in the reelection effort.

Republican fundraising will pick up once we have a candidate; in fact, I suspect the floodgates will open. Of course, the Mittbot in me thinks that Romney has the potential to rake in much more cash than Santorum or Gingrich. He is, after all, as Gingrich so astutely pointed out, the “Wall Street Guy” in the race.

Good luck getting those big donors while mounting a class warfare campaign, Mr. President. The big money men nudge-nudged wink-winked at your Socialist rhetoric in 2008 because they thought it was just rhetoric; now that they know it’s the truth, the wallets are snapping shut.

The argument that big-spender Mitt won’t be able to outspend President Billion Dollars in the general, the way he outspent his Republican rivals, is ABR rhetoric, and false. Campaigns that promise a dinner with the President for a $3.00 donation are not confident, to say the least.

Somehow I don’t think the Obama campaign is going to see as many of those overseas Petrodollars as they did in 2008, either, if you get my meaning.

Berkshire Hathaway is sitting on 40+ billion cash on hand – perhaps Warren Buffett will fund a SuperPac if his buddy can keep a lid on the Keystone pipeline.

Mr. Arkadin on March 19, 2012 at 12:38 PM

Obama is also burning money at the rate of 158%, which means he is campaigning on old money. It seems that the money is going to salaries for really large State re-election staffs. A strategy that has been known to backfire.

pat on March 19, 2012 at 12:47 PM

How ANYONE could actually want Obozo to “serve” another term, is beyond me. I can only imagine how much vacation time he and Moochelle will take when they’re not worried about getting another term?

KMC1 on March 19, 2012 at 12:57 PM

Obama is also burning money at the rate of 158%, which means he is campaigning on old money.

Obama is running his reelection effort the way he is running the country. Perhaps he can raise his own debt ceiling and borrow from the Chinese.

Mr. Arkadin on March 19, 2012 at 1:15 PM

Sweet!

/rayciss

roy_batty on March 19, 2012 at 1:32 PM

Once the radical left realizes Obama is a now liability to them, that he probably won’t be re-elected, and that then all the radical appointments and policies he’s made are going to be undone, and that investigations into their corruption are going to go into full gear and they won’t be able to block or stonewall them any longer . . .

I have a fear. A very big fear. There are nasty people — corrupt and murderous people — deeply invested in Obama’s regime. They might try tear this country apart in order to hold onto their power. And probably attempt to blame it on right-wing racist haters to boot. If Obama is clearly losing, he becomes far more valuable to them as a martyr than a lecture circuit has-been. What happened with JFK could look like a tempting scenario to them, I’m afraid.

starboardhelm on March 19, 2012 at 1:52 PM

I don’t want to hold my nose and vote for a loser again. Just can’t do it.

dragondrop on March 19, 2012 at 2:19 PM

I don’t want to hold my nose and vote for a loser again. Just can’t do it.

dragondrop on March 19, 2012 at 2:19 PM

So, don’t vote for Obama.

Siddhartha Vicious on March 19, 2012 at 3:22 PM

landlines on March 19, 2012 at 12:11 PM

In the wise words of Rush Limbaugh: “Everything that happens in the US economy has a positive impact for someone and a negative for someone else.”

Now think about folks making money on cars that don’t run and they know people will not buy while there is a whole raft of solutions sitting there. Not to mention the oil price spiral and the coming healthcare mess..

There are donations galore from the charlatans.

You just have to be rotten enough to look past the miserable unemployed who want jobs or the other guys going broke and not call people like me…

IlikedAUH2O on March 19, 2012 at 3:40 PM

I hate to say it, but Obama isn’t even in full campaign mode.

Where are the tshirts, and cultist teenagers who can’t vote singing odes to the Obama?
Where is the new campaign slogan?
Where is there get out the fake vote drive, get in their faces campaign starting?
Where are the Palestinian call centers taking nickel and dime donations?

So we shouldn’t mock the 30 million take just yet.

contrarytopopularbelief on March 19, 2012 at 4:08 PM

Obama fundraising a flop?

Obama, As you say, at some point you have enough money and you shouldn’t want any more.

RJL on March 19, 2012 at 5:52 PM