Obama/DNC fundraising drops $10 million from March to April

posted at 9:21 am on May 16, 2012 by Ed Morrissey

A month ago, the combined haul from the Barack Obama campaign and the DNC came to $53 million, a level that didn’t keep pace with 2008 Democratic fundraising, but still gave Team O some bragging rights for the improvement over a $45 million February.  According to their announcement this morning, the Obama/DNC effort couldn’t even match February’s numbers, let alone March’s:

The Obama campaign and the Democratic committees that support it raised $43.6 million in April, campaign manager Jim Messina announced in an online video on Wednesday.

With 98 percent of all donations less than $250, more than 437,000 people donated to the campaign, including roughly 169,500 first time donors. The average contribution was just more than $50.

This comes as the President has gone on a record-smashing fundraising schedule, which seemingly is now demonstrating the law of diminishing returns.  Don’t forget that the final cash tally to Team O will likely be around 75% of the overall number, probably around $33 million, with the DNC getting the rest.    He will undoubtedly do better in May, thanks to the $15 million haul on George Clooney’s basketball court, but this shows how badly Obama needed the cash infusion.

It also explains a couple of initiatives from Democrats reported by Politico this morning.  The first relates indirectly to Obama, a convention fundraising scheme called “Super-O-Rama,” which may raise money too far into the schedule to be effective:

The kitschy name is for a massive fundraising push at the national convention in Charlotte, where Democrats aim to woo elusive big donors with parties featuring live music, open bars and mingling with “senior Democratic policy leaders,” according to a fundraising appeal.

Democrats hope the events will lead to a massive cash infusion for three super PACs that have struggled to pull in the big checks necessary to compete with GOP outside advertising juggernauts like the Karl Rove-conceived Crossroads outfits and the Koch brothers-linked Americans for Prosperity.

But the plan isn’t perfect. The Democratic National Convention is just two months before the general election — too late to spend any money raised there on ads, some Democrats worry. Plus, conventions do not typically lend themselves to the type of one-on-one meetings where mega donors usually sign six- and seven-figure checks.

Super-PACs?  I thought Obama and the Democrats hate super-PACs.  They’ve become desperate enough to love them now, apparently, and not just at the presidential level, either:

Congressional Democrats who publicly proclaimed that super PACs are the scourge of modern politics are now going all out to chase the big money that’s fueling the 2012 campaign.

With little fanfare, Senate Majority Leader Harry Reid (D-Nev.) and his top lieutenants are crisscrossing the country from the Southwest to the Big Apple, meeting with billionaires, high-level business executives and union leaders in a mad scramble to raise money for Majority PAC — and perhaps save their slim Senate majority.

Their efforts are already paying dividends. Earlier this spring, Reid and Sen. Chuck Schumer (D-N.Y.) made a quick trip to New York, where they made a pitch to billionaire hedge fund manager James Simons, who quickly turned around and cut a check on March 29 to Majority PAC for $1 million, according to campaign finance reports. That’s on top of the $500,000 Simons donated to Majority PAC last year, making him the biggest donor to the group so far.

Reid, Schumer and Majority Whip Dick Durbin (D-Ill.) have recently attended Majority PAC fundraisers in New York, Chicago, Phoenix, Los Angeles, Washington and Dallas, according to Democratic sources. But the efforts have been made quietly, and their offices have been generally mum on the details given the sensitivity of the issue.

They’ll need it.  Obama has already put Reid and Nancy Pelosi on notice that he’s not into redistribution of fundraising wealth, er, sharing when it comes to money he’s raising, and that has becoming a shrinking resource anyway.  Looks like people are literally not buying Obama’s schtick these days, and his campaign economy seems to be heading the same direction as the economy Obama has tried to manage the last three years.


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Just wait until the Gaza Strip money starts to flow, the demorat coffers will be bursting at the seams.

Bishop on May 16, 2012 at 9:24 AM

Calling George Clooney…

PatriotRider on May 16, 2012 at 9:24 AM

Which is why he bowed to Teh Gheys, making fundraising more FABULOUS!

wildcat72 on May 16, 2012 at 9:24 AM

Harbingers?

Nah, no help for the DNC there. Harbinger Capital is probably pretty well tapped out since Obama failed to deliver the corrupt LightSquared deal.

forest on May 16, 2012 at 9:26 AM

So where’s the conservative oppo-research on this hedge fund guy James Simon? Since the Dems don’t see any problem with taking Republican donors to the woodshed with all sorts of private/personal dirt, why isn’t Team Red going after this Grennwich CT playboy and all of his associates?

Fight fire with fire….

powerpickle on May 16, 2012 at 9:28 AM

Hmmm, what else can Obama do to kiss up to Hollywood? He’s already played the gay marriage card. Is there something he can give the MPAA and RIAA in terms of copyright law?

Doughboy on May 16, 2012 at 9:28 AM

Nah, no help for the DNC there. Harbinger Capital is probably pretty well tapped out since Obama failed to deliver the corrupt LightSquared deal.

forest on May 16, 2012 at 9:26 AM

I think that Lightsquared went Chapter 11 (reorganization) rather than 7 (liquidation) because Hussein promised to be more “flexible” after his “last election”.

wildcat72 on May 16, 2012 at 9:29 AM

Calling George Clooney…

PatriotRider on May 16, 2012 at 9:24 AM

I’ve got to think that even brain dead celebrities will want to see some rising poll numbers before they toss more cash out the window.

BettyRuth on May 16, 2012 at 9:29 AM

Quick!

Attack Rush Limbaugh and the Koch Brothers!

Good Lt on May 16, 2012 at 9:32 AM

He needs to prostitute himself harder.

Electrongod on May 16, 2012 at 9:34 AM

What happens when you run out of George Clooneys?

hoosiermama on May 16, 2012 at 9:34 AM

It also explains a couple of initiatives from Democrats reported by Politico this morning. The first relates indirectly to Obama, a convention fundraising scheme called “Super-O-Rama,” which may raise money too far into the schedule to be effective:

Given the state of the current economy and the North Carolina unemployment rate, Team Obama might do better with a “Soup-O-Rama“, where small donors to the president get to stand in a long line to get a slice of bread and bowl of chicken broth.

jon1979 on May 16, 2012 at 9:35 AM

Fight fire with fire….

powerpickle on May 16, 2012 at 9:28 AM

The agressor sets the rules for battle, but that doesn’t mean we have to repeat their playbook, especially if there’s a risk it will backfire.

Extrafishy on May 16, 2012 at 9:35 AM

Dem superpac good
Gop superpac evil
Hypocrite

cmsinaz on May 16, 2012 at 9:37 AM

Just wait until the Gaza Strip money starts to flow, the demorat coffers will be bursting at the seams.

Bishop on May 16, 2012 at 9:24 AM

…got that right Bishop…they know the MSM won’t follow the money…all the kickbacks from Solyndra, etc…all the ‘stimulus’ money unaccounted for…will be flowing into TV and Radio ads…unaccounted!

KOOLAID2 on May 16, 2012 at 9:37 AM

Obama…feeling the effects of the “downturn”?

right2bright on May 16, 2012 at 9:38 AM

FINISH HIM!!

gatorboy on May 16, 2012 at 9:40 AM

his campaign economy seems to be heading the same direction as the economy Obama has tried to manage the last three years.

Remember back in 2008 when Obama told us that it didn’t matter that he had no experience running a business, because he ran such an awesome campaign, and that was proof of his business acumen, and he’d manage the economy just as well as he managed his campaign . . . .

Good times.

AZCoyote on May 16, 2012 at 9:42 AM

all of that money that flowed into solyndra, lightsquared, green boondoggle, Inc. ought to be flowing right back to them soon, just wait. That money had to go somewhere.

ted c on May 16, 2012 at 9:42 AM

So how does this affect Julia?

Happy Nomad on May 16, 2012 at 9:42 AM

Looks like Obama needs to be turning some more tricks.

steebo77 on May 16, 2012 at 9:43 AM

Remember back in 2008 when Obama told us that it didn’t matter that he had no experience running a business, because he ran such an awesome campaign, and that was proof of his business acumen, and he’d manage the economy just as well as he managed his campaign . . . .

Good times.

AZCoyote on May 16, 2012 at 9:42 AM

He also cited an undergraduate course as proof he had experience with foreign relations. Just sayin’

Happy Nomad on May 16, 2012 at 9:44 AM

You guys seem to be doing an awful lot of endzone dancing in May. I wonder if there’s any chance that might come back to bite you?

cjw79 on May 16, 2012 at 9:45 AM

But I thought Obama and the Democrats were proficient at managing other people’s money?

Rovin on May 16, 2012 at 9:45 AM

+1 gatorboy

cmsinaz on May 16, 2012 at 9:47 AM

Looks like people are literally not buying Obama’s schtick these days, and his campaign economy seems to be heading the same direction as the economy Obama has tried to manage the last three years.

Team Zero will run through the cash they have and the well will run dry long before November. Remember, these aren’t people that understand the concept of frugality.

dogsoldier on May 16, 2012 at 9:48 AM

Cjw, snoopy dance is on hold

cmsinaz on May 16, 2012 at 9:50 AM

You guys seem to be doing an awful lot of endzone dancing in May. I wonder if there’s any chance that might come back to bite you?

cjw79 on May 16, 2012 at 9:45 AM

lol, when O’bama Himself agrees with us Hot Gas folks that the NY Times’ “poll” is Biased, we know he’s in trouble.

Del Dolemonte on May 16, 2012 at 9:52 AM

I think its time for someone to post the stupid intrade number, which some people think means something.

Down in the polls, decreased fundraising, losing support in swing states by the minute, and adding new swing states on a daily basis. When will Obama fire Messina, Axelrod and Plouffe and hire people who know what they are doing? Because at this point, I am almost feeling bad for them. The Obama campaign is embarassing to watch, although the trainwreck is actually good for the future of America.

milcus on May 16, 2012 at 9:53 AM

Funny how Reid, Durbin and Schumer can spend all of their time scrounging up big bucks for the DNC trying to salvage their own careers but haven’t had the time to propose and pass a budget in the past three years.

We know where their priorities lie.

Feeding their massive egos and stuffing their wallets with money they get from the richest of the rich folks they pretend to despise.

fogw on May 16, 2012 at 9:55 AM

lol, when O’bama Himself agrees with us Hot Gas folks that the NY Times’ “poll” is Biased, we know he’s in trouble.

Del Dolemonte on May 16, 2012 at 9:52 AM

I mean, the fact that Romney led women by 2 but overall by only 3 is more than a little odd. I’m not discounting the poll, however. As an Obama supporter, it gives me pause. But there’s a very long election ahead of us. Any side declaring victory in May is preposterous.

cjw79 on May 16, 2012 at 9:55 AM

So how does this affect Julia?

Happy Nomad on May 16, 2012 at 9:42 AM

…JugEars is doin’ Julia!

KOOLAID2 on May 16, 2012 at 9:56 AM

You guys seem to be doing an awful lot of endzone dancing in May. I wonder if there’s any chance that might come back to bite you?

cjw79 on May 16, 2012 at 9:45 AM

Like a good football team, dancing in the endzone doesn’t mean you’ve taken your eyes off the prize. Few of us have forgotten you win the game at the end, not the beginning. Sorry that our brief enjoyment causes you pain.

swinia sutki on May 16, 2012 at 9:57 AM

He needs to prostitute himself harder.

Electrongod on May 16, 2012 at 9:34 AM

He will put Sandra Fluke to work the big donors at the convention parties.

docflash on May 16, 2012 at 9:58 AM

Looks like Obama needs to be turning some more tricks.

steebo77 on May 16, 2012 at 9:43 AM

He recently increased his “potential customers” base by 100% and newsweak is helping him advertize.

VegasRick on May 16, 2012 at 9:59 AM

Looks to me that maybe the well has dried up for Obama. This is when he goes overseas . . . almost guaranteed.

Voter from WA State on May 16, 2012 at 9:47 AM

And don’t forget the credit card restrictions that will suddenly disappear from the Obama accounts. (see registered Mickey Mouse and “other characters” donating)

Rovin on May 16, 2012 at 10:00 AM

cjw79 on May 16, 2012 at 9:55 AM

Perhaps you need to understand that women are concerned about their families, the future of their children, and the nation. All the free contraception in the world doesn’t offset that fact.

Happy Nomad on May 16, 2012 at 10:00 AM

…JugEars is doin’ Julia!

KOOLAID2 on May 16, 2012 at 9:56 AM

He wanted to be Julia.

cozmo on May 16, 2012 at 10:00 AM

Calling George Clooney Soros

PatriotRider on May 16, 2012 at 9:24 AM

FIFY.

Steve Z on May 16, 2012 at 10:01 AM

He needs to prostitute himself harder.

Electrongod on May 16, 2012 at 9:34 AM

Hobama…..the panderer and chief.

antipc on May 16, 2012 at 10:02 AM

Perhaps you need to understand that women are concerned about their families, the future of their children, and the nation. All the free contraception in the world doesn’t offset that fact.

Happy Nomad on May 16, 2012 at 10:00 AM

My point was that if Romney is leading women by 2, I would expect him to be much further ahead than 3. So either he isn’t leading women by 2, or he’s actually leading Obama by something approaching double digits. I don’t know what it is, but I suspect that Romney isn’t leading women by 2. (I’m guessing that might be a minority opinion here).

cjw79 on May 16, 2012 at 10:02 AM

You guys seem to be doing an awful lot of endzone dancing in May. I wonder if there’s any chance that might come back to bite you?

cjw79 on May 16, 2012 at 9:45 AM

I’m sorry, I guess we should save that for special occasions like the year anniversary when Obama “got” Bin Ladin!

Happy Nomad on May 16, 2012 at 10:04 AM

I’m sorry, I guess we should save that for special occasions like the year anniversary when Obama “got” Bin Ladin!

Happy Nomad on May 16, 2012 at 10:04 AM

The distinction is that celebrating the Bin Laden anniversary occurred after an actual victory. You guys are celebrating before the battle.

cjw79 on May 16, 2012 at 10:05 AM

Maybe he can come out in support of polygamy, or bestial marriage. That should bring in some money.

Ward Cleaver on May 16, 2012 at 10:05 AM

…JugEars is doin’ Julia!

KOOLAID2 on May 16, 2012 at 9:56 AM

Not true. Homey don’t do girls.

Long haired country boy on May 16, 2012 at 10:06 AM

I suspect that Romney isn’t leading women by 2. (I’m guessing that might be a minority opinion here).

cjw79 on May 16, 2012 at 10:02 AM

Polls are what they are. I think the real takeaway is that this number shows an improvement for Romney that wasn’t showing a few weeks ago. Whether accurate or not, Romney seems to be trending up right now while the filthy bastard in the White House is trending down. Why do you think he panders to feminists and came out in support of gay marriage?

Happy Nomad on May 16, 2012 at 10:07 AM

Cause and effect.

http://www.fiscalwars.wordpress.com

stout77 on May 16, 2012 at 10:09 AM

Well, this would explain his same-sex marriage transformation now, wouldn’t it?

Taking “gay-for-pay” to a whole new level…

JohnGalt23 on May 16, 2012 at 10:09 AM

…got that right Bishop…they know the MSM won’t follow the money…all the kickbacks from Solyndra, etc…all the ‘stimulus’ money unaccounted for…will be flowing into TV and Radio ads…unaccounted!

KOOLAID2 on May 16, 2012 at 9:37 AM

Don’t forget all that “disappeared” MF Global money that Jon Corzine may be able to “find”.

teke184 on May 16, 2012 at 10:12 AM

The distinction is that celebrating the Bin Laden anniversary occurred after an actual victory. You guys are celebrating before the battle.

cjw79 on May 16, 2012 at 10:05 AM

I guess I should have been clearer. It was unseemly for Obama to be doing the victory lap for “getting” Obama and running around acting as if he personally lead SEAL Team Six and was the one to pull the trigger that delivered the kill shot.

And, no, nobody is celebrating November’s victory yet. There is far too much work to do to ensure the filthy commie bastard and his entire corrupt administration are ousted from power. And it is going to be a tough fight. Obama is hunkered down for battle- Mooch is already complaining about the lack of vacations between now and November 6th.

Happy Nomad on May 16, 2012 at 10:12 AM

Nothing a few well placed presidential pardons cannot solve.

Archivarix on May 16, 2012 at 10:14 AM

Can you imagine paying 1 million dollars for a visit from Harry Reid, Chuck Shumer, and Dick Durbin? Shudder I would pay for them to stay away from me!

ldbgcoleman on May 16, 2012 at 10:15 AM

Polls are what they are. I think the real takeaway is that this number shows an improvement for Romney that wasn’t showing a few weeks ago. Whether accurate or not, Romney seems to be trending up right now while the filthy bastard in the White House is trending down. Why do you think he panders to feminists and came out in support of gay marriage?

Happy Nomad on May 16, 2012 at 10:07 AM

Aside from the name calling, I agree with this.

cjw79 on May 16, 2012 at 10:15 AM

Reid, Schumer and Majority Whip Dick Durbin (D-Ill.) have recently attended Majority PAC fundraisers in New York, Chicago, Phoenix, Los Angeles, Washington and Dallas, according to Democratic sources. But the efforts have been made quietly, and their offices have been generally mum on the details given the sensitivity of the issue.

___________________________________________

Three of the biggest POS’s in the Senate – proof positive it needs a good “flushing”. Too bad the “electorate” in NV, IL, & NY are all too collectively stupid to realize it.

Gee, I guess Obama can’t talk out of both sides of his mouth anymore when attacking the EEEEEVVVILLLLL rich. Hates them, loves their $$$. Even these a$$clowns are beginning to catch on. Goes to show money doesn’t buy you brains.

ICanSeeNovFromMyHouse on May 16, 2012 at 10:15 AM

Can you imagine paying 1 million dollars for a visit from Harry Reid, Chuck Shumer, and Dick Durbin?
ldbgcoleman on May 16, 2012 at 10:15 AM

I sure would like to have it happen.

“Ya’ know guys, I have to run on a budget. And I cannot put money in the budget for people who cannot make a budget.”

cozmo on May 16, 2012 at 10:18 AM

There has to be more fringe splinter groups he can pander to & shake down some mo’ greenbacks, right?

ICanSeeNovFromMyHouse on May 16, 2012 at 10:18 AM

There has to be more fringe splinter groups he can pander to & shake down some mo’ greenbacks, right?

ICanSeeNovFromMyHouse on May 16, 2012 at 10:18 AM

Do Communist Party of China and Putin’s gang qualify as “fringe splinter groups”? Then yes, he will pander to them.

Archivarix on May 16, 2012 at 10:22 AM

What’s even sweeter is this entire crew has to show up to NC for their convention…where he is now trailing by 8…

Waitress, can you get me another cup of karma…

hillsoftx on May 16, 2012 at 10:26 AM

I think at some point you’ve raised enough money.

NeighborhoodCatLady on May 16, 2012 at 10:32 AM

Hmmmm……..vilify ‘the rich’ and then expect them to shower you with campaign money. Of course some will still come across; what’s money if it can’t get you a seat at the power table.

GarandFan on May 16, 2012 at 10:32 AM

Gay May should fill his purse.

Chuck Schick on May 16, 2012 at 10:33 AM

Obama/DNC fundraising drops $10 million from March to April

This is what happens when you run a “Divide By Zero” campaign!!

landlines on May 16, 2012 at 10:33 AM

Here’s Politico’s take on the fund-raising:

[[That's down slightly from the campaigns' $53 million haul in March.]]

It’s 20 percent!!! That’s not “down slightly.”

lizzieillinois on May 16, 2012 at 10:39 AM

I mean, the fact that Romney led women by 2 but overall by only 3 is more than a little odd. I’m not discounting the poll, however. As an Obama supporter, it gives me pause. But there’s a very long election ahead of us. Any side declaring victory in May is preposterous.

cjw79 on May 16, 2012 at 9:55 AM

No one has claimed victory, yet you keep saying that. Yeah, we find it agreeable that Zero is running out of cash and we find his rolling disaster campaign very entertaining.

dogsoldier on May 16, 2012 at 10:44 AM

Funny how 0bama is not so happy to give away his stash, just everybody elses.

jukin3 on May 16, 2012 at 11:12 AM

what the article fails to discuss is the Obama burn rate, which as I understand it is very high with too many employees in Chicago and in the field.

matthew8787 on May 16, 2012 at 11:14 AM

GOP SuperPacs are bad. Ban them.

And give any money left over to the Obama campaign.

Squiggy on May 16, 2012 at 11:26 AM

What happens when you run out of George Clooneys?

hoosiermama on May 16, 2012 at 9:34 AM

Someone should have warned Obama only about 1% are 1%’ers.

BlueCollarAstronaut on May 16, 2012 at 11:28 AM

what the article fails to discuss is the Obama burn rate, which as I understand it is very high with too many employees in Chicago and in the field.

matthew8787 on May 16, 2012 at 11:14 AM

WHAAAaaaa??????????? We have been led to believe that all those super smart people are the organized and energized weapon that will make victory inevitable.

Seriously, I drive by an Obama campaign office every day. The workers would fit in at any OWS encampment.

Happy Nomad on May 16, 2012 at 11:30 AM

This is probably a lot worse than it looks — I believe these are gross numbers, and Obama is also burning huge amounts of money on campaign staff and the fundraising events themselves. He can scam some free travel but that’s about all he can soak the taxpayers for.

He may only have about $20M of this that he can actually spend on ads.

TallDave on May 16, 2012 at 11:44 AM

Fixed:

“Looks like people are literally not buying Obama’s schtick these days, and his campaign economy seems to be heading the same direction as the economy Obama has tried to manage DESTROY the last three years.”

woodNfish on May 16, 2012 at 11:52 AM

celebrating the Bin Laden anniversary occurred after an actual victory.

cjw79 on May 16, 2012 at 10:05 AM

Funny how you folks on the Left never “celebrated” after the Bush victories where we killed both of Saddam Hussein’s WMD sons, captured their WMD father, and killed that Zarqawi fellow. In all of those cases, you folks angrily told us we were “creating more terrorists” when Bush took those guys out.

And guess what? After O’bama and Biden strangled and disemboweled bi Laden with their bare hands, we were never told by the Democrat Media that this heroic action was “creating more terrorists.” Instead, the Left was dancing in the end zone.

Nope, no Double Standard there.

Del Dolemonte on May 16, 2012 at 11:54 AM

Too funny: NewsBusters is reporting that the new C-BS/NYT result showing Romney ahead of O’bama was so important, C-BS itself wouldn’t report it on their Tuesday AM show.

At the same time, over on ABC, George Stephy and Jake Tapper were crowing about how that C-BS/NYT poll was “bad news for O’bama”.

JAKE TAPPER, ABC News White House correspondent: It’s a stunning poll, George. In addition to Mitt Romney having a narrow lead in this poll, he has a lead among women voters. That’s a group that President Obama needs to win in order to be re-elected. It’s a group that he won by 13 points over Senator John McCain in 2008. And he needs to, if not at least reach 13 points, at least come close to that in order to be re-elected. But this poll shows some real problems in that area.

Del Dolemonte on May 16, 2012 at 12:05 PM

Very few things in politics can be called TRUE but one seems to be “NO CANDIDATE EVER WON AN ELECTION, ONLY THEIR OPPONENT LOST THE ELECTION”
At the moment Obama is stringing together a long list of losses faster then the polls can even reflect. His big problems haven’t even hit the public yet, (Fast and Furious and the Supreme Court rulings). Another major problem for the Dem’s is that their leadership is all in their mid and upper 70′s and showing true signs of age in their inability to speak coherently and stay on subject. If the Dem’s stay on their current course they will surely destroy their party for decades to come. Personally I don’t care. They have turned this once great, CAN DO, WILL HELP Country into a welfare socialist state all for the sake of supporting THE PART ELITE.

jpcpt03 on May 16, 2012 at 1:14 PM

Do not see a reason to gloat about month to month figures. In May, Barry raked in 15 millions from the fundraiser at Clonney, and he then had 2 big money raising events in NYC on the day he spoke at Barnard.

galtani on May 16, 2012 at 2:22 PM

You guys seem to be doing an awful lot of endzone dancing in May. I wonder if there’s any chance that might come back to bite you?

No endzone dancing here. I, like many more on this site, I’m sure, believe those people will stop at nothing to make us take our eye off the ball. I’m taking nothing for granted and will not stop doing everything I can to make sure he’s defeated until the last vote is cast in November. I just have that much distrust in them.

But as one other commenter said, why not take the feeling of joy where you can?

jeannec on May 16, 2012 at 5:24 PM

With 98 percent of all donations less than $250, more than 437,000 people donated to the campaign, including roughly 169,500 first time donors.

How many were illegal foreign contributions for Obama that were possible only because Obama & Co turned off the safeguards normally in place to prevent such illegalities?

RJL on May 16, 2012 at 10:16 PM