Obama fundraising 28% off 2008 pace

posted at 9:50 am on March 21, 2012 by Ed Morrissey

Yesterday I noted that the latest fundraising numbers for Barack Obama came to $45 million, but that combined his fundraising with that of the DNC.   Politico breaks it down further to find that the actual total money raised for Obama by three different committees in February comes to $39.4 million — far off of the pace of his 2008 fundraising:

Barack Obama is spending heavily to bring in money and relying more on big donors than he did in 2008, but his fundraising pace has slipped from his first presidential campaign, reports filed with the Federal Election Commission Tuesday show.

Three Obama campaign committees, including two that have higher donor limits, brought in a combined $39.4 million last month.

Compare that to February 2008, when Obama had one campaign committee, which was limited to smaller donations, but still raised $55 million.

That is a 28% drop in fundraising, even as Obama has set new records for fundraising events.  He had almost doubled the number of fundraisers Bush held in the 2004 campaign at this stage of his presidency, even before his six-event frenzy on Friday:

Obama, who came into office bemoaning a broken electoral system, has proved surprisingly energetic at fundraising from wealthy donors and using his office to his political benefit in states that could decide his re-election.

He’s attended 103 reelection fundraisers — about double the 52 such events Bush had attended at this point in 2004, according to tallies kept by CBS’s Mark Knoller. …

And while Bush and his Cabinet members were slammed by Democrats for official travel to swing states before key elections, Obama has made more than 60 trips to swing states since taking office. His travel after his State of the Union address this year was exclusively to states potentially pivotal this fall: Iowa, Arizona, Nevada, Colorado and Michigan.

Don’t forget that Obama also had some competition for Democratic contributors in February 2008, too.  Hillary Clinton raised $34 million, not much below what President Obama raised in a field all by himself last month.  Combined, that’s a drop of 55.7% in Democratic presidential fundraising in February, even with the frenetic — dare we say desperate — pace of fundraising by Obama.

That’s not to say that Obama won’t get plenty of cash.  He has $91 million in the bank, and several months more of fundraising to go before the convention.  But that’s far, far off the presumed pace of one billion dollars that Team Obama expected to set, and it’s a pretty good indicator of enthusiasm for another Democratic term in the White House this term.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

The phone banks in Gaza haven’t yet been set up, at least give the man time to turn off the verification software on the credit card terminals.

Bishop on March 21, 2012 at 9:52 AM

When you deliver change, don’t expect dollar$ back from the impoverished zombies who put you into office, champ.

VibrioCocci on March 21, 2012 at 9:53 AM

Says who? There’s money offshore somewhere! Solyndra pay backs, etc

KOOLAID2 on March 21, 2012 at 9:54 AM

Heartache!

Del Dolemonte on March 21, 2012 at 9:54 AM

*shrug* You abandon liberals and liberals won’t pony up their money.

libfreeordie on March 21, 2012 at 9:56 AM

The phone banks in Gaza haven’t yet been set up, at least give the man time to turn off the verification software on the credit card terminals.

Bishop on March 21, 2012 at 9:52 AM

Bishop! …soon Mickey Mouse, Donald Duck, Popyee, and everybody else…will be sending in checks just below the minimum.

KOOLAID2 on March 21, 2012 at 9:56 AM

The phone banks in Gaza haven’t yet been set up, at least give the man time to turn off the verification software on the credit card terminals.

Bishop on March 21, 2012 at 9:52 AM

Basically this is it. Arguing that Obama is not going to get huge numbers of tiny donors neglects the fact that he is willing to lie, cheat and steal and likely all the way up to kill to get re-elected. So long as Romney is the nominee, it just might be that some of the less extreme donors of Obama might just sit this out and not risk the potential of being caught sending tens of millions of dollars to Obama illegally. But once the general begins, and the money is needed, Obama will return to his illegal 2008 ways.

astonerii on March 21, 2012 at 9:56 AM

There’s only one possible explanation. Democrat donors are racists.

forest on March 21, 2012 at 9:57 AM

Part of O’bama’s High School Dropout Brigade checks in at the Politico comments:

President Obama will have all the fund that is needed to get re-elected in November we will not let him down. Obama 2012.

But another commenter there makes a very salient point:

This is because he shut down Barackobama.com. This is where he raised all those $5.00 donations.

The website is still there but you can no longer post comments. It was very slow there anyway. But I sure do miss all the Mop Heads.

“get out your Mops and clean up the mess”

Del Dolemonte on March 21, 2012 at 9:58 AM

*shrug* You abandon liberals and liberals won’t pony up their money. He lied to all of us Leftists in 2008, but who cares? We’ll happily vote for him in 2012 anyway!

libfreeordie on March 21, 2012 at 9:56 AM

FIFY

Del Dolemonte on March 21, 2012 at 10:00 AM

There’s only one possible explanation. Democrat donors are racists.

forest on March 21, 2012 at 9:57 AM

Perfectly said. This should be echoed by every media outlet until they come clean.

withmanitisimpossible on March 21, 2012 at 10:01 AM

To make up the difference the media is working overtime to give him as much (“Obama good, GOP bad”) free (advertising) editorial as possible.

albill on March 21, 2012 at 10:01 AM

Perfectly said. This should be echoed by every media outlet until they come clean.

withmanitisimpossible on March 21, 2012 at 10:01 AM

sadly, only republicans can be racist.

GhoulAid on March 21, 2012 at 10:03 AM

The phone banks in Gaza haven’t yet been set up, at least give the man time to turn off the verification software on the credit card terminals.

Bishop on March 21, 2012 at 9:52 AM

It’s like you read my mind. Eerie…

Fallon on March 21, 2012 at 10:04 AM

Three points of order:

- He has no competition for the Democrat nomination.
- He has no competition for the “free” presstitute time.
- He has Air Force One, its backup, 6 transport planes and 2 Canadian buses that we pay for as long as he comes up with a “non-campaign-related” “reason” for their use.

Steve Eggleston on March 21, 2012 at 10:04 AM

It won’t matter…Obama will lose.

Our job is to elect the most conservative candidate.
Not the prettiest, not the richest, not the most “faithful”, not the most outspoken, but the most conservative, the one that would best begin rebuilding the authority of the constitution…

right2bright on March 21, 2012 at 10:04 AM

So is it possible that he will will spend more time at fundraisers than he spends on the golf course?

Dextrous on March 21, 2012 at 10:06 AM

*shrug* You abandon liberals and liberals won’t pony up their money.

libfreeordie on March 21, 2012 at 9:56 AM

Bull. PBHO gave you “Affordable Health Care”, an act which had you dancing in the streets like capering buffoons, but now he curiously doesn’t want to talk about it and neither do you. So you act as if PBHO turned on you somehow and now you will withhold support. Right. Sure.

Bishop on March 21, 2012 at 10:07 AM

*shrug* You abandon liberals and liberals won’t pony up their money.

libfreeordie on March 21, 2012 at 9:56 AM

Almost all of the liberals I know don’t have any money.

DrStock on March 21, 2012 at 10:10 AM

Almost all of the liberals I know don’t have any money.

DrStock on March 21, 2012 at 10:10 AM

You must know the useful idiots and not the money behind them.

Steve Eggleston on March 21, 2012 at 10:11 AM

Nothing a few million anonymous credit cards with $198.34 on them cannot fix.

Archivarix on March 21, 2012 at 10:13 AM

The self-proclaimed liberals that I know want “free” things. They want government and unions to take care of them. I only know two very wealthy liberals, and they seem to feel a little guilty about it.

DrStock on March 21, 2012 at 10:13 AM

— dare we say desperate pace of fundraising by Obama.

Does this mean that halftime in America is over and we’ve now jumped to the 2:00 offense??? Preceded by Two Minutes Hate of course/

ted c on March 21, 2012 at 10:14 AM

Cash flow difficulties? No probs.

“Just fire up our fleet of aircraft, 747s, C-17s, et al., and let’s get out there on a tour of the country. What fundraising? ‘We’re on a mission from God’” – B. Hussein Obama

That’s exactly how the Jeffersons, er, Obamas spend OUR money as they’re “movin’ on up”.

“If you voted for Obama in 2008 to prove you’re not racist, then you have to vote against him in 2012 to prove you’re not stupid”

Apparently the Leftist “ONE PERCENT” has better things to do with their “ill-gotten gains”.
~(Ä)~

Karl Magnus on March 21, 2012 at 10:14 AM

Almost all of the liberals I know don’t have any money.

DrStock on March 21, 2012 at 10:10 AM

Blue states vs red states in terms of median wealth?

libfreeordie on March 21, 2012 at 10:15 AM

Big contributors aren’t stupid, they know the House will never pass another stimulus package so why invest.

antipc on March 21, 2012 at 10:15 AM

Why should they donate now? There’s no fight to fund at this moment, what with the Republicans not sure about who their nominee is going to be. The big donors won’t get out their checkbooks until they see who the Republican nominee is. Once that happens, watch where the money goes. That is the indicator of who the donors think will win. They always hedge their bets. If it goes mostly or all to Obama, the indication is they think he’ll be reelected.

totherightofthem on March 21, 2012 at 10:16 AM

But that’s far, far off the presumed pace of one billion dollars that Team Obama expected to set, and it’s a pretty good indicator of enthusiasm for another Democratic term in the White House this term.

can he reach out his staff and bless the cash and multiply it, Ed?

ted c on March 21, 2012 at 10:17 AM

libfreeordie on March 21, 2012 at 9:56 AM

I have a question for you since you are a race baiting whore who actually believes in Critical Race Theory.

I haven’t formulated any kind of an opinion on the Trayvon Martin incident because the initial reporting in such cases is always wrong, and details of what really happened takes time to come to the surface. But I have learned that George Zimmerman, when not involved in shootings of black men, is Hispanic. For racialist whores like yourself at what point does Zimmerman stop being Hispanic and start being white?

NotCoach on March 21, 2012 at 10:17 AM

He could rent out the White House rooms that he doesn’t use, like the Oval Office.

RBMN on March 21, 2012 at 10:18 AM

can he reach out his staff and bless the cash and multiply it, Ed?

ted c on March 21, 2012 at 10:17 AM

He already multiplied his staff, and his wife’s staff… and now set to multiply IRS staff, too.

Archivarix on March 21, 2012 at 10:18 AM

“Just fire up our fleet of aircraft, 747s, C-17s, et al., and let’s get out there on a tour of the country. What fundraising? ‘We’re on a mission from God’” – B. Hussein Obama


Oh you had to go there…classic Blues Brothers
!

ted c on March 21, 2012 at 10:19 AM

Remember back when the Iowa primary was happening? We learned that the president’s campaign had eight offices already opened and staffed. He has a payroll to meet for the first time and that’s drawing about $17 million a month nationally based on January numbers. Folks, that means he’ll need $153 million, just to operate his offices! Other campaign expenses have to be added to that.

Start looking for campaign office closures. That will tell a story of where he’s at in the campaign. I’m thinking he’ll have going out of business sales soon.

peter the bellhop on March 21, 2012 at 10:20 AM

Blue states vs red states in terms of median wealth?

libfreeordie on March 21, 2012 at 10:15 AM

I spend half of my time in Michigan, my home state. The liberals I know there, including family and friends, have no money. Period. The unions are passing out Obama 2012 bumper stickers, but I have not heard any one of them say they contributed–not like 2008. These anecdoctal observations seem to suppport Ed’s thesis.

DrStock on March 21, 2012 at 10:22 AM

Start looking for campaign office closures. That will tell a story of where he’s at in the campaign. I’m thinking he’ll have going out of business sales soon.

peter the bellhop on March 21, 2012 at 10:20 AM

Pffft. Has the cost of anything ever resulted in a rational business decision? If you’re going to look for any evidence of money problems, look for an increase in office openings—despite the cost….

ted c on March 21, 2012 at 10:23 AM

The MSM will shortly report that Barry is DESPERATE for funding because all THE EVIL RICH REPUBLICANS AND THEIR CORPORATIONS are contributing to conservative candidates to the tune of BILLIONS.

GarandFan on March 21, 2012 at 10:23 AM

Doesn’t matter. The stimulus money that has fermenting in the communist brew will be poured out that the right time.

All these stories are meant to breed a false sense of confidence in his opposition imo. The steamroller is being polished up as we speak.

Mimzey on March 21, 2012 at 10:24 AM

*shrug* You abandon liberals and liberals won’t pony up their money.

libfreeordie on March 21, 2012 at 9:56 AM

How did he abandon liberals?

The $1 trillion stimulus?
Government mandated controlled taxed good-n-plenty healthcare?
Banning light bulbs?
Blocking oil drilling?

Your savior delivered a communist’s dream, but you liberals are never happy.

VibrioCocci on March 21, 2012 at 10:24 AM

Change I can believe in!!

Dasher on March 21, 2012 at 10:25 AM

Your savior delivered a communist’s dream, but you liberals are never happy.

VibrioCocci on March 21, 2012 at 10:24 AM

miserable people are like that.

GhoulAid on March 21, 2012 at 10:31 AM

“Just fire up our fleet of aircraft, 747s, C-17s, et al., and let’s get out there on a tour of the country. What fundraising? ‘We’re on a mission from God’” – B. Hussein Obama

Oh you had to go there…classic Blues Brothers!

ted c on March 21, 2012 at 10:19 AM

As proven by the recent contraceptive fustercluck (“OW!”), methinks that Barry isn’t as smart as Jake and Elwood. At least a decent Nun got it right:
Sister Mary Stigmata:
“No, no! I will not take your filthy stolen money!”

Ahhhhhhhhhhhh … The misbegotten and under-appreciated power of wit.
(chuckle)
~(Ä)~

Karl Magnus on March 21, 2012 at 10:33 AM

Convert this to 28% fewer votes and I’ll be happy.

moo on March 21, 2012 at 10:36 AM

Fundraising being off is one thing. Isn’t the burn rate on his campaign cash exceptionally high as well?

If so, that means he’s going through a ton of money in order to make less than he was expecting.

teke184 on March 21, 2012 at 10:37 AM

Your savior delivered a communist’s dream, but you liberals are never happy.

VibrioCocci on March 21, 2012 at 10:24 AM

Always remember what Churchill said:

“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

Trafalgar on March 21, 2012 at 10:37 AM

Your savior delivered a communist’s dream, but you liberals are never happy.

VibrioCocci on March 21, 2012 at 10:24 AM

Ah yes, the Communist Dream! Look at all those rich Communist countries on the planet, with the social equity, and the skittle poopin’ unicorns and rainbows over the perfect fields not totally unlike Central Valley, CA…

…oh wait.

Turtle317 on March 21, 2012 at 10:38 AM

I’ll bet you right now that Obama goes for public financing this time in the general, and it’ll be accompanied by all sorts of pious crap about the evils of money corruuption in politics. His abondonment of public money in 2008 is old news.

MTF on March 21, 2012 at 10:40 AM

Sister Mary Stigmata:
“No, no! I will not take your filthy stolen money!”

Ahhhhhhhhhhhh … The misbegotten and under-appreciated power of wit.
(chuckle)
~(Ä)~

Karl Magnus on March 21, 2012 at 10:33 AM

Hahaha!! good one karl

ted c on March 21, 2012 at 10:40 AM

*shrug* You abandon liberals and liberals use Wall Street supporters, for your phony class warfare campaign, and they won’t pony up their money.

libfreeordie on March 21, 2012 at 9:56 AM

Obama sure has burned a lot of bridges.

Right now he’s counting on his abortion and green energy supporters to raise campaign money. Those two demographics are so popular with unemployed Americans/

Dr Evil on March 21, 2012 at 10:41 AM

The phone banks in Gaza haven’t yet been set up, at least give the man time to turn off the verification software on the credit card terminals.

Bishop on March 21, 2012 at 9:52 AM

It’s like you read my mind. Eerie…

Fallon on March 21, 2012 at 10:04 AM

Yes but after slapping a tariff on the Chinese solar companies, I am guessing there are a few million Chinese ready to man the phones for Romney LOL!

Dr Evil on March 21, 2012 at 10:45 AM

He’s still got the free propaganda of the MSM.

gwelf on March 21, 2012 at 10:45 AM

These anecdoctal observations seem to suppport Ed’s thesis.

DrStock on March 21, 2012 at 10:22 AM

Imagine you are 3-4 years out of college after having gone all out for Obama. $30k in debt, no work in the field of your degree, getting by with help from your parents who are watching their savings and investment portfolios go down as they negotiate retirement.

Generation Chump is growing up fast. That is Obama’s reality. Only those with nothing to lose will be in his corner and their motivation is not reliable.

DanMan on March 21, 2012 at 10:48 AM

Aha! I suspected as much and posted that on the thread releated to his six fund raisers last Friday. They didn’t net him much either.

Across the spectrum people are saying he has to go and his big money donors stopped supporting him.

The WaPo releases a story last Sunday showing how he lied and screwed up the debt deal. Am I the only one seeing a trend?

dogsoldier on March 21, 2012 at 10:52 AM

libfreeordie on March 21, 2012 at 9:56 AM

How many children did you sell into penury slavery today over your utopian dreams?

chemman on March 21, 2012 at 10:56 AM

The WaPo releases a story last Sunday showing how he lied and screwed up the debt deal. Am I the only one seeing a trend?

dogsoldier on March 21, 2012 at 10:52 AM

You could well be the only one. For every story like this, I see other stories talking about how much more money Obama has than any of the Republicans, how the economy is roaring back, how Obama’s approval rate is trending up, etc. Much of it is fabricated but people who don’t yet have an idea of who they will vote for in November are mouth-breathing idiots who actually believe this propaganda.

Happy Nomad on March 21, 2012 at 10:58 AM

I am guessing there are a few million Chinese ready to man the phones for Romney LOL!

Dr Evil on March 21, 2012 at 10:45 AM

LOL. Well, the Etch a Sketch is manufactured in Shenzhen, China.

Fallon on March 21, 2012 at 11:02 AM

We can beat this c********r.

Red Cloud on March 21, 2012 at 11:17 AM

Alternate headline: 72% of Obama donors still brain dead.

AZCoyote on March 21, 2012 at 11:25 AM

This flier came in from the DNC yesterday …

America’s New Health Care Law Covers YOUR Preventive Care, Wellness Visits And Many Screenings for FREE

The best way for you to beat cancer is to prevent it — but too many women skip their screenings because they can’t afford the cost.

Now America’s New Health Care Law requires insurance companies to provide numerous screens and preventive care with no co-pays for women like us.

Hey, it’s FREE .. who knew ?

J_Crater on March 21, 2012 at 11:25 AM

Obama Campaign 2012: Now With 28% Less White Guilt!

Crusty on March 21, 2012 at 11:30 AM

28% less in support of the destruction of America?

This is good news, right?

tom daschle concerned on March 21, 2012 at 11:34 AM

Would be good for HA to start charting Obama’s fundraisers vs. meetings with Congressional leaders. Would make for a fun graph showing the stark contrast between wanting to get reelected (to do what exactly?) and doing his job.

If he doesn’t up his fund raising, this fall he will be harassed by the Romney campaign ads and the mega-spending from SuperPacs. And you know he hates those SuperPacs….

EMD on March 21, 2012 at 11:34 AM

Obama fundraising 28% off 2008 pace

In other news, Americans’ income 28% off 2008 pace

Connection? Naaaaaaah…

Marcola on March 21, 2012 at 11:58 AM

Just wish the Pubbies were louder in their criticism of his campaigning on the taxpayers dime. Instead “crickets”. But Obama shouldn’t worry – Soros may make up the deficit.

Bob in VA on March 21, 2012 at 12:27 PM

Almost all of the liberals I know don’t have any money.

DrStock on March 21, 2012 at 10:10 AM

Blue states vs red states in terms of median wealth?

libfreeordie on March 21, 2012 at 10:15 AM

4 of the 5 richest states as far as median income are blue states. The only exception is the hick state where Sarah Palin lives.

In all 4 of those Blue states, the median income has gone down just as much since O’bama was Immaculated as it has in the red states.

Thank you President O’bama. Equal Misery for All!

Del Dolemonte on March 21, 2012 at 12:29 PM

“Barack Obama is spending heavily to bring in money and relying more on big donors than he did in 2008, but his fundraising pace has slipped from his first presidential campaign, reports filed with the Federal Election Commission Tuesday show.”

I think his heavy vacation schedule is interfering with his fundraising. Being President is hard.

Dasher on March 21, 2012 at 12:43 PM

Barack Obama is spending heavily to bring in money

Yeah, spending taxpayer money heavily to bring in money. Guess Oblunder shouldda been more concerned about saving those 2-1/2 million or so jobs we’ve lost since his inauguration. When you don’t have a job, the second to last thing you’d think of is making a political campaign contribution; the last thing you’d think of is making a political campaign contribution to the idiot politician whose warped policies cost you your job.

stukinIL4now on March 21, 2012 at 12:46 PM

Can chump change re-elect the Chump In Chief?

Hey, how much did President 9-Iron get from that Indian tribe for the license to kill the bald eagles?

Ventura Capitalist on March 21, 2012 at 12:52 PM

That’s exactly how the Jeffersons, er, Obamas spend OUR money as they’re “movin’ on up”.

Karl, please remember when comparing the current residents of 1600 Pennsylvania Ave. to the Jeffersons — at lease George & Weezy were spending their own money.

LooseCannon on March 21, 2012 at 1:22 PM

lease = least

(gotta proofread better)

LooseCannon on March 21, 2012 at 1:26 PM

I am guessing there are a few million Chinese ready to man the phones for Romney LOL!

Dr Evil on March 21, 2012 at 10:45 AM

LOL. Well, the Etch a Sketch is manufactured in Shenzhen, China.

Fallon on March 21, 2012 at 11:02 AM

I love it when a plan comes together GRIN.

Dr Evil on March 21, 2012 at 1:40 PM

Rush cites Ed and HA as he talks about Obama’s faltering fundraising.

DrStock on March 21, 2012 at 2:14 PM

Shout out by Rush…

… Nice Ed!

Seven Percent Solution on March 21, 2012 at 2:15 PM

I think you mean he’s UP 50%…you neglected to count tax or debt funded travel and expenditures as well as the Title of the Office. You also neglected to count national media coverage as free advertising, including non-challenging interviews, free ‘response’ on issues, Pep Rally of the Unions, random ‘need prime time speech’, and finally sycophants

John Kettlewell on March 21, 2012 at 3:50 PM

Dear God… I haven’t prayed for anything specific for a while but I am going to now. Please let this 28% reduction in financial support for Obama be matched by a similar reduction in votes for Obama in November.
-
Amen
-

RalphyBoy on March 21, 2012 at 11:04 PM