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    Obama fails to match Bush fundraising / Update – 2Q v. 3Q

    Obama fails to match Bush fundraising / Update – 2Q v. 3Q

    You will not see that headline. 

    Instead you will see headlines about Obama’s blowout fundraising of $86 million combined for his campaign and the Democratic National Committee.  Of that amount, $47 million was for Obama’s campaign.

    But as The NY Times notes deep down in its article on the fundraising, that $47 million number is less than the $50 million George W. Bush raised during the same quarter of 2003.  (More Bush numbers are here.)  [Update:  The NY Times originally reported the $50 million Bush number as being for the same period, and I used that number for this post, but The Times story now has been changed to $35 million; The Times was citing the 3d Quarter numbers, not 2d Quarter in its original post.  So on a second quarter comparison Obama did beat Bush.]

    Of course, Obama also is touting the “small donor” angle, asserting that 98% of the donors donated under $250.  But so far I have not seen any information on what percentage of the total amount raised (as opposed to the total number of donors) was from “small donors.”  As we saw in 2008, this sleight of hand has been used by the Obama campaign before to present the false image that its fundraising was driven by small donors.

    Additionally, the “average” donation size was driven down by the $5 dinner raffle, which then was reduced to $3.  Getting a lot of donors to kick in $5 or $3 for a chance to have dinner with the President is a good way to drive down the average donation number and ramp up the number os “small donors.”  I doubt any mainstream media outlets will report this angle.

    In other words, the Obama fundraising numbers — while solid by any measure — neither were a blowout signaling his strength nor a reflection of the “grassroots” nature of his campaign.  It’s just more phony imaging, aided and abetted by an incurious media.

    Update:  Gabriel Malor notes:

    Last quarter Obama’s campaign raised $47 million. Combined, the GOP campaigns raised about $35 million. Now that doesn’t sound so bad, does it? In fact, the $12 million difference is shockingly low, given thatt the Democrats already know who their candidate is and many GOP donors are waiting until the GOP field narrows to get in it.

    Count me as among those waiting.

    Also, when the hard numbers are released days from now, when the media has moved on, it will be interesting to see not only the percentage of funds raised from the large donors who have been a focus of the Obama campaign for several months, but how many of those donors have maxed out.  Pushing big donors to max out early has been an Obama campaign strategy to create the impression of fundraising strength.

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    Comments


    […] Yes, it’s true that the Republicans combined raised less. It’s also true that none of them are the sitting president. In fact, none of them is even the nominee, and we’re still months ahead of the usual campaign timeline. And, it’s possible that Rick Perry or Sarah Palin can get in and scramble everything — that possibility is undoubtedly keeping some money on the sidelines for now. […]

    Question 1.

    Have you covered the consequences likely re the Super PACs?

    I haven’t seen much about it, but would imagine this gives The Soros a way to inject huge amounts of moola.

    Question 2. (almost rhetorical)

    Do you think the obvious scam in ‘the little people donations’ for Obama ’08 would’ve been attacked, investigated, etc. had this been done by a Republican?


     
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    paul.pgt | July 13, 2011 at 1:50 pm

    Since the 3rd quarter hasn’t happened yet, isn’t your headline now completely incorrect? Thinking of changing it? Obama trounces Bush!


       
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      Minicapt in reply to paul.pgt. | July 14, 2011 at 12:15 am

      Yes, it is incorrect; it should show that the NYTimes made an egregious error, and that references which cited the original article are not incorrect of their own accord. And Mr Obama has trounced Mr Bush in the same sense that Barry Bonds has out-hit Babe Ruth.

      Cheers

    […] Funding: Obama fails to match Bush fundraising / Update – 2Q v. 3Q […]


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