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Obama Sees Steep Dropoff in Cash From Major Donors
New York Times ^ | April 20, 2012 | NICHOLAS CONFESSORE and DEREK WILLIS

Posted on 04/20/2012 6:54:18 PM PDT by lbryce

President Obama’s re-election campaign is straining to raise the huge sums it is counting on to run against Mitt Romney, with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors.

From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago. The falloff has left his fund-raising totals running behind where they were at the same point in 2008 — though well ahead of Mr. Romney’s — and has induced growing concern among aides and supporters as they confront the prospect that Republicans and their “super PAC” allies will hold a substantial advantage this fall.

With big checks no longer flowing as quickly into his campaign, Mr. Obama is leaning harder on his grass-roots supporters, whose small contributions make up well over half of the money he raised through the end of March, according to reports filed Friday with the Federal Election Commission. And Mr. Obama is asking far more of those large donors still giving, exploiting his joint fund-raising arrangement with the Democratic National Committee to collect five-figure checks from individuals who have already given the maximum $5,000 contribution to his re-election campaign.

“They clearly are feeling the pressure,” said one major Obama fund-raiser, who asked for anonymity to characterize his conversations with campaign officials. “They’re behind where they expected to be. You have to factor in $500 million-plus in Republican super PAC money.”

With no primary to excite his base, the economy struggling to rebound, and four years of political battles with Wall Street and other industries taking their toll, Mr. Obama’s campaign raised about $196 million through March,

(Excerpt) Read more at nytimes.com ...


TOPICS: Extended News; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2012; 2012election; campaign; election2012; elections; kenyanbornmuzzie; mittromney; nobama2012; obama; reelction
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Let the bad times continue to roll for Obozo. What's bad for the KDE (Kenyan Dog Eater) is good for America.
1 posted on 04/20/2012 6:54:26 PM PDT by lbryce
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To: lbryce

They haven’t yet cranked up the ‘donations’ from the unverified credit cards from virtually every part of the world.(everyone watch your accounts)


2 posted on 04/20/2012 6:57:40 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: lbryce
Looks like those “evil” millionaires and billionaires have found out you can not do business with a tyrant.
3 posted on 04/20/2012 6:59:13 PM PDT by oldbrowser (They are Marxists, don't call them democrats)
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To: KoRn
I'd like to know if he can get a decent inflow of funds from Chinese dish washers...
4 posted on 04/20/2012 7:03:21 PM PDT by C210N (Go Newt!)
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To: lbryce

In my best Nelson voice: Ha Ha!


5 posted on 04/20/2012 7:04:33 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it and the law is what WE say it is.)
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To: KoRn
Your exactly right. The money is there, the only problem is in the accounting for it. This was not a major obstacle to overcome in 2008 and I don't see it as being a problem for him in 2012. If the final polls don't show the republican nominee up by 20~25 points just prior to election day, Obummer will steal it by 10 % points. If this guy is recoranated this great Country of ours is done.

My Brother died in Floriduh 2 years ago, I know he'll vote the one (He would have voted for him had he still shared our AIR, anyway.

6 posted on 04/20/2012 7:04:38 PM PDT by corbe (mystified)
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To: lbryce

Spews Balls of Manure each time he gives a speech!!

7 posted on 04/20/2012 7:07:14 PM PDT by Colonial Warrior (Help us OB/GYN! You are our only hope!)
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To: lbryce

Light bulbs are starting to come on in the minds of liberals?


8 posted on 04/20/2012 7:09:41 PM PDT by doc1019 (Romney will never get my vote!)
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To: Colonial Warrior

LOL, good one.

Guess Obama will have to rely on all his “little people” this time for contributions. Problem is, none of them have jobs.


9 posted on 04/20/2012 7:09:41 PM PDT by LibsRJerks
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To: lbryce
Earlier tonight: Obama Raised $46 Million in March

Something's not adding up here.

10 posted on 04/20/2012 7:11:38 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: lbryce

I guess that the Lamestream Media will just have to work harder to provide free propaganda for The One.


11 posted on 04/20/2012 7:13:34 PM PDT by Lysandru
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To: lbryce

There were numerous reports in 2007/2008 that Obama had gotten huge amounts of money from the Middle East. It is obvious that the “thrill of hope and change” is gone for many O-bots, but I wonder how much the lack of muslim funds will impact his administration. He raised a ridiculous amount of money last time.


12 posted on 04/20/2012 7:17:37 PM PDT by volunbeer (Don't worry America, our kids can pay for it!)
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To: lbryce
Bad headline.

Obama himself can't even "see" himself in a mirror without Axelrod there to point him out.

13 posted on 04/20/2012 7:22:53 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: lbryce

Maybe because he sucks at being President? Don’t need a whole article for that.


14 posted on 04/20/2012 7:25:17 PM PDT by MacMattico
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To: lbryce

If the Evil Rich that BO vilifies every chance he get still contribute to his re-election, they deserve every tax increase with which he promises to punish them. They are too stupid to hang on to what they have.


15 posted on 04/20/2012 7:25:53 PM PDT by txrefugee
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To: KoRn
They haven’t yet cranked up the ‘donations’ from the unverified credit cards from virtually every part of the world.(everyone watch your accounts)

Actually, yes, they have.

Just a bit over two weeks ago.

http://www.freerepublic.com/focus/f-bloggers/2867544/posts

Times be tough in O`bammy land...

.

16 posted on 04/20/2012 7:27:14 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks lbryce. Maybe they’ve figured out what he intends for them if he wins reelection?


17 posted on 04/20/2012 7:28:49 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: elkfersupper

FUBO FUMO FUEH FUSC FUJB FUTG FUJN FUHC FUSS FUEK FUKS FULP FURL FUVJ!!!!


18 posted on 04/20/2012 7:31:42 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: lbryce
Obviously,the Slimes got the fax from Victory Headquarters.it appears that thy’re unaware that Osama only today sent out his first solicitation to the mullahs in Tehran and to Fatbody in North Korea.
19 posted on 04/20/2012 7:34:28 PM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
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To: lbryce
DG EAT DG

20 posted on 04/20/2012 7:50:40 PM PDT by null and void (Day 1186 of America's ObamaVacation from reality [Heroes aren't made Frank, they're cornered...])
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