bttt
Obama’s 2012 Campaign Fundraising Could Top $1 Billion
Politcs Daily ^ | 12/13/2010 | Tom Kavanagh
Posted on Monday, December 13, 2010 9:07:36 AM by markomalley
http://www.freerepublic.com/focus/news/2641827/posts
Well, we can expect at least one part of the economy to boom in the next two years: Some observers believe President Obama will raise — and spend — over $1 billion in his likely re-election campaign.
Obama raised a record $745 million in his 2008 run, the Washington Post reports, dwarfing Sen. John McCain’s $368 million. Two-thirds of Obama’s funds were raised online, and with the increased influence of the Internet in politics, that amount could easily be topped next time around, says Ben Ginsberg, a former adviser to 2008 GOP candidate Mitt Romney.
Plus, past elections show a statistical progression indicating that the $1 billion mark isn’t far-fetched. In 2004, George W. Bush raised $367 million to Sen. John Kerry’s $328 million.
The Post notes that a key difference in the ‘04 and ‘08 campaigns was that Obama opted out of public financing for the general election, which allowed him to maximize his appeal to previously untapped groups and individuals energized by his candidacy. In the final months of the campaign, his fundraising advantage allowed him to overwhelm McCain on television in every swing state. Given that precedent, neither major party candidate is expected to participate in the public financing system in 2012.
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Also see these posts in this thread:
http://www.freerepublic.com/focus/news/2641827/posts?page=20#20
http://www.freerepublic.com/focus/news/2641827/posts?page=21#21
http://www.freerepublic.com/focus/news/2641827/posts?page=24#24
“I love the symbolism of two Democratic presidents—not one, but two—endorsing Bush tax cuts, saying, ‘We need them crucially to help the economy’
Paul Gigot: ‘I Love the Symbolism of Two Dem Presidents Endorsing Bush Tax Cuts’
By Noel Sheppard | December 12, 2010 | 21:18
http://newsbusters.org/blogs/noel-sheppard/2010/12/12/paul-gigot-i-love-symbolism-two-dem-presidents-endorsing-bush-tax-cut
The award for Best Line of the Weekend goes to Wall Street Journal editorial page editor Paul Gigot who on Sunday’s “Meet the Press” offered a delicious irony concerning Friday’s surprise press conference hosted by Barack Obama and Bill Clinton.
“I love the symbolism of two Democratic presidents—not one, but two—endorsing Bush tax cuts, saying, ‘We need them crucially to help the economy’ (video follows with transcript and commentary):
DAVID GREGORY, HOST: But, but, Paul Gigot, the question is to you, does this signal an actual shift in the president’s philosophy about what’s going to make the economy work again?
PAUL GIGOT, WALL STREET JOURNAL: Well, they’re saying, “No, no, no. No, shift.” However, implicitly, it is a shift. I love the symbolism of two Democratic presidents—not one, but two—endorsing Bush tax cuts, saying, “We need them crucially to help the economy.”
The president, I think, is implicitly admitting that tax rates matter. After a couple of years, as you showed on the—with the, the discussion with Austan Goolsbee and Tim Geithner had said, “They don’t matter.”
We—now they’re saying, yes, they do matter, and then implicitly admitting that tax cuts matter more for growth than spending. And it makes you wonder why didn’t they do this two years ago.
For those that missed it, Gigot was channeling an equally delicious editorial published by the Journal Saturday:
We thought we’d seen everything in politics, but yesterday was truly miraculous: There in the White House press room was none other than former Democratic President Bill Clinton appearing with current Democratic President Barack Obama to endorse the tax cuts of Republican George W. Bush. [...]
Both Democrats have devoted most of their political lives to denouncing such tax cutsfor their injustice, for increasing the deficit, for any other ill you can imagine.
But 9.8% unemployment half way through a Democratic President’s term tends to discombobulate the partisan mind.
So Barack brought in Bill to help persuade a liberal Democratic base that is having a harder time forgetting two generations of anti-rich populism. Or as Mr. Clinton once famously said, “You gotta do what you gotta do.”
When you think about it, Friday truly was amazing.
For over nine years, the Democrat Party and their media minions have regularly echoed the mantra of how horrible the Bush tax cuts were.
Yet, just days from them expiring, two Democrat Presidents got together to tell the nation just how essential they were.
To better illustrate the improbability, consider that shortly after Obama was inaugurated, Newsweek ran a cover story proudly proclaiming, “We Are All Socialists Now”:
[Click above link to see picture]
Maybe next week’s issue should be a picture of Bush, Clinton, and Obama broadly smiling arm in arm under the headline, “We Are All Supply-Siders Now!”
Barack Obama got his campaign money through tapping a huge small-donor network, right? Mmm, maybe not.The Campaign Finance Institute released a new study that tallied "small donors," whose repeated contributions made them medium- or large-size donors. And the study—partially—punctures the myth of the small Obama donor. And it leaves a couple of questions unanswered.
The study found that 49 percent of the contributions Obama received were for under $200; this is the number underlying the claim that Obama had a revolutionary number of small donors. (The like figure was 32 percent for John McCain, 37 percent for John Kerry, and 31 percent for George W. Bush in 2004.) But the study also shows that the percentage of donors giving a total of less than $200 was not dramatically different from that of McCain, Bush, or Kerry.
Much of his donations is from purportedly foreign sources through multiple small "donations", with no accounting available to the public.
Hmmmm... not necessary! These are the people who are destroying our country. I will lump GWB into this cesspool, since before Bambi, George gave away the farm!
We need a revolutionary, not a revolution. I have a suggestion!!!
Elect Sarah Palin for President 2012
Re-Elect President Sarah Palin 2016