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    Obama fundraising fail

    Obama fundraising fail

    Obama raised $42 million for his campaign in the third quarter, plus another $27.3 million for the DNC.  Naturally, the top line $70 million joint number is being hyped.

    These numbers come from an Obama campaign statement, the official FEC report has not yet been released, so we don’t know details such as how much cash on hand the campaign has (Bush had $70 million at this point).

    That’s a lot of money, but the campaign is trying to spin it as more of a victory and sign of strength than it really is:

    • Obama is nowhere near on track to raise the $1 billion he wants for his campaign.
    • Obama’s $42 million haul is less than the $50 million George W. Bush raised in the third quarter of 2003, the comparable time period.
    • The high campaign number of donors and low average donation numbers does not reflect wide support, but gimmicks like the $3 dinner raffle.

    Comparisons to what Republican primary candidates have raised are meaningless.  Until a Republican nominee is selected, a lot of people are holding onto their check books.

    It’s clear that Obama will raise hundreds of millions, but the billion dollar candidate may not make it there.

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    Comments



     
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    Kerrvillian | October 14, 2011 at 1:05 am

    I come not to gloat over Cesar’s failure but to question it.

    So Obama isn’t on track to hit 1 Billion in campaign funds.

    SO WHAT?

    GWB had more money but he had every major newspaper, every major news agency (save Fox) attacking him relentlessly. Even so he had to struggle to overcome this disadvantage, spending money as fast as he could raise it.

    Will Obama face the same hurdle? C’mon. Be honest. The MSM won’t be. Honest, that is.

    ABC,CBS,NBC,CNN,NPR,NYT,WP,LT,USAT,Time,Newsweek,Rolling Stone,HuffPo,DailyKos,Moveon and many, many more will be doing Obama’s campaigning non-stop 24/7 without being paid one dime.

    So he only raised 42 Million? That’s 42 Million in gravy money that no Republican will EVER be given. Republicans and especially conservatives (the two are not synonyms) will never have all those forces lined up to get them elected or re-elected. Ever. Every dime a conservative and even a Mitt Romney can raise will be needed to get out the message that the MSM will hand over to Democrats for free.

    That said, what does Barry McFail’s shortcomings in the fundraising actually translate into?

    Nothing.

    Go ahead. Gloat. Yeah, Obama sucks hind teat in every endeavor that calls for actual hard work. But that means nothing.

    When you are playing with a deck stacked in your favor it really doesn’t matter how lousy you are at playing cards.


     
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    teapartydoc | October 14, 2011 at 7:32 am

    CNN covered this last night without any accompanying context of the past performance of Bush. Needless to say, I was impressed, as I’m sure was intended. This puts things into perspective.


     
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    lukelaws | October 14, 2011 at 9:47 am

    Professor:

    Great Shout out for you and the website from Mark Levin last night on his show. The numbers will be going up from here shortly. Great site…..love it. Keep up the great work!

    […] raised by the DNC. His own campaign only got $42 million, nowhere what he needs to hit a billion. William Jacobson examines the latest data and makes some shrewd observations. Obama raised $42 million for his […]


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