Fundraising Woes for Obama

Discussion in 'Politics' started by Trinity, Sep 12, 2008.

  1. Trinity

    Trinity New Member

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    The New York Times

    September 9, 2008

    Straining to Reach Money Goal, Obama Presses Donors

    By MICHAEL LUO and JEFF ZELENY

    After months of record-breaking fund-raising, a new sense of urgency in Senator Barack Obama’s fund-raising team is palpable as the full weight of the campaign’s decision to bypass public financing for the general election is suddenly upon it.

    Pushing a fund-raiser later this month, a finance staff member sent a sharply worded note last week to Illinois members of its national finance committee, calling their recent efforts “extremely anemic.”

    At a convention-week meeting in Denver of the campaign’s top fund-raisers, buttons with the image of a money tree were distributed to those who had already contributed the maximum $2,300 to the general election, a subtle reminder to those who had failed to ante up.

    The signs of concern have become evident in recent weeks as early fund-raising totals have suggested that Mr. Obama’s decision to bypass public financing may not necessarily afford him the commanding financing advantage over Senator John McCain that many had originally predicted.

    Presidential candidates in a general election have typically relied on two main sources of money: public financing, along with additional money their parties raise. In choosing to accept the public money, the McCain campaign now gets an $84 million cash infusion from the United States Treasury. Mr. McCain is barred from raising any more money for his own campaign coffers but can lean on money raised by the Republican National Committee, which has continued to exceed expectations.

    Meanwhile, Obama campaign officials had calculated that with its vaunted fund-raising machine, driven by both small contributors over the Internet and a powerful high-dollar donor network, it made more sense to forgo public financing so they could raise and spend unlimited sums.

    But the campaign is struggling to meet ambitious fund-raising goals it set for the campaign and the party. It collected in June and July far less from Senator Hillary Rodham Clinton’s donors than originally projected. Moreover, Mr. McCain, unlike Mr. Obama, will have the luxury of concentrating almost entirely on campaigning instead of raising money, as Mr. Obama must do.

    The Obama campaign does not have to report its August fund-raising totals until next week, so it is difficult to tally what it has in the bank at this point. A spokesman said that August was its best fund-raising month yet and that the campaign’s fund-raising was on track. But the campaign finished July with slightly less cash on hand with the Democratic National Committee compared with Mr. McCain and the R.N.C. The Obama campaign has also been spending heavily, including several million more than the McCain campaign in advertising in August.

    A California fund-raiser familiar with the party’s August performance estimated that it raised roughly $17 million last month, a drop-off from the previous month, and finished with just $13 million in the bank.

    (excerpt from full article)
     
  2. invisibleman

    Gold Member

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    "Always aim high, work hard, and care deeply about what you believe in. When you stumble, keep faith. When you're knocked down, get right back up. And NEVER listen to anyone who says you can't or shouldn't go on."
    - Hillary Clinton -

     
  3. B_New End

    B_New End New Member

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    Bwah ha ha ha ha.

    Obama is outraising McCain 3 to 1.

    And his fundraising is mostly from small internet donations. Always has been! Even with McCain's matching funds, Obama is still blowing him out of the water 3:2.

    Bwah ha ha ha!

    WTF do you think you are trying to pull?

    BWAH HA HA HA HA!!!

    It ain't like fundraising is hard for Obama.

    The GOP has no idea what deep shit it is in with the American people. No fucking clue. This Palin / Harriet Miers style political flim flam is just another reminder how this is the third Bush term coming up.

    This is a fucking deflator move to reduce morale, and nothing else. It is full of lies just like the McCain camp. Fucking didn't take any earmarks my ass.

    Take your Operation Chaos ass and shove it up Rush Limbaugh's fat blowhard GOP butt-sausage pushing ass. Then shove his ass up McCain's ass, so he can have a stroke, and you can shove him up Palin's ass.

    Then shove her up W's ass, and finally, shove him up Dicks ass, where he fucking belongs.

    Capice?
     
  4. B_New End

    B_New End New Member

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    The best part was the frowny face.

    A HA HA HA HA HA!
     
  5. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    Actually the campaign said today that they had beaten their previous one-month record, but they weren't officially releasing numbers until the 20th when they file.
     
  6. Principessa

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    I thought it was very classy of Sen. Obama to help raise funds to pay off Hillary's millions in campaign debt. Perhaps if he hadn't done that he would be in better fiscal condition now.
     
  7. Trinity

    Trinity New Member

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    That's spin...you know a nice way to put a bad situation...Last month Obama fundraising was not on par with McCain and the RNC:rolleyes:.
    You probably didn't read the article...but:
    But the campaign finished July with slightly less cash on hand with the Democratic National Committee compared with Mr. McCain and the R.N.C. The Obama campaign has also been spending heavily, including several million more than the McCain campaign in advertising in August.
    Obama forgot to mention Hillary Clinton and ask his donors at a fundraiser and had to be reminded to go back on the stage to make the request. Obama waited weeks and weeks to publically donate to Hillary's campaign to show his support of his donors in helping her. Obama was speaking to a group of Hillary Supporters and mentioned that women need to "get over it" which imparted negative feelings toward Obama. I don't know if I would call his half-hearted "help" as classy. It was more that he wanted and needed Hillary Clinton donors to donate to him...which is the only reason he made the sideways effort.

    But just as Obama's donors have not helped Hillary Clinton in any significant way pay off her debt, Hillary Clinton donors have not been donating in droves to Obama...although she has raised millions for him in comparison to a hundred thousand.

    And no, he wouldn't be in better fiscal condition if he didn't help Hillary Clinton. In fact, just the opposite. Obama's donors haven't given much to Clinton so that can not be used as an excuse. Obama requires a great deal of fundraising to meet goals without public financing. Obama's donations have gone down and Obama never convinced a significant number of Hillary Clinton Supporters to donate to him. And yes, that is Obama's job...not Hillary Clinton's. As the article states Obama refused public financing and the DNC has never matched the RNC in fundraising.
    Meanwhile, Obama campaign officials had calculated that with its vaunted fund-raising machine, driven by both small contributors over the Internet and a powerful high-dollar donor network, it made more sense to forgo public financing so they could raise and spend unlimited sums.

    But the campaign is struggling to meet ambitious fund-raising goals it set for the campaign and the party.
     
  8. davec94

    davec94 Member

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    Everything you post is spin and nobody here takes anything you say seriously anymore.
     
  9. Notaguru2

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    McCain just isn't spending his money... he can't replace what he spends. Thanks for the non-story (as usual) Trinity.
     
  10. Trinity

    Trinity New Member

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    I know the facts hurt your feelings.

    hmmm...The New York Times printed a non-story. :rolleyes:
     
  11. Notaguru2

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    I rest my case.
     
  12. davec94

    davec94 Member

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    facts...i don't think you know what this word means
     
  13. Trinity

    Trinity New Member

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    Rest this, The ChicagoSunTimes...posted a fundraising letter pleading for funds from the Obama Campaign...:

    Obama's Plouffe makes fund-raising plea to deflect anticipated McCain attacks


    Please make your donation of $5 or more today:

    I know we've asked a lot from supporters like you recently, and many of you contributed just last week.

    But the stakes are high, and there are less than 9 weeks before Election Day. It's going to require unprecedented resources to defeat John McCain and bring about the change America so desperately needs.
    Thank you for all you do,
    David
    David Plouffe
    Campaign Manager
    Obama for America
    that is more accurate.
     
  14. Notaguru2

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    I did my part... =) I have $500 to go before I reach the cap.
     
  15. Industrialsize

    Staff Member Moderator Gold Member

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    Obama supporters have NOT given to Senator Clinton because most of the money will go to MARK PENN who did nothing but try to smear Senator Obama during the primary...I WILL NOT GIVE ONE DIME TO MARK PENN>
     
  16. marleyisalegend

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    Why the fuck do you guys still respond to Trinity? Don't you know she'd just kinda go away if you stopped responding to her ridiculous threads? Is it like crack? Are you addicted?

    That is all.
     
  17. Notaguru2

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    I get off on it. =)
     
  18. Trinity

    Trinity New Member

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    Only $11 million gain in cash on hand for Obama

    While John McCain can only spend $84 million over the next two months after accepting that much from the public-financing system, it doesn’t cost him a dime to get it. The Obama campaign’s burn rate will be critical in determining whether he’s actually raising enough money to keep him ahead of McCain. If it costs him more than $20 million to raise that money, it’s essentially a wash — and the burn rate at Team O has been much higher than 30%. Their cash-on-hand numbers will probably tell a different story, as Obama would have to almost double McCain’s $84 million over the next two months just to stay even.

    Byron York quotes the campaign as having $77 million cash on hand after August. That sounds impressive, but they had almost $66 million at the end of July. They had a burn rate of over 80%, which explains why the campaign may have seemed desperate to the New York Times. In order to make this decision work for Obama, they have to do better than $66 million a month if they want to cover the cost of fundraising as well as make up for the deficit between the DNC and the RNC. - Hot Air
     
  19. Notaguru2

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    Not so fast =) You might want to read the news today Trinity;
    Obama raises $66 million in August - First Read - msnbc.com

    Obama now has $77M on hand; that's less than $7M away from the MOST McCain will see for the rest of the election. I'm sure McCain is having second thoughts on public financing now.. LMAO

    This is now the LARGEST fund raising month for any candidate in the HISTORY of the U.S.
     
    #19 Notaguru2, Sep 14, 2008
    Last edited: Sep 14, 2008
  20. sargon20

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    He's going to need every cent. Those nasty fuckers that slimed Kerry are about to do it again.

    Group With Swift Boat Alumni Readies Ads Attacking Obama

    A new group financed by a Texas billionaire and organized by some of the same political operatives and donors behind the Swift Boat Veterans for Truth campaign against Sen. John F. Kerry in 2004 plans to begin running television ads attacking Barack Obama, a signal that outside groups may play a larger role than anticipated in the closing days of the presidential race.
     
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