I previously noted that while Obama had a strong second quarter fundraising, the effort focused on two gimmicks — getting big donors to max out early and running up “small donor” numbers through a cheesy $5 $3 dinner raffle.
Now it appears that the fundraising is losing steam, so Team Obama is going to blame the debt ceiling debate. As reported by AP via Jim Geraghty:
President Barack Obama’s campaign expects to raise tens of millions of dollars less this summer than it did in the spring because negotiations over the nation’s debt limit forced Obama to cancel several fundraisers.
Obama’s campaign said Wednesday it canceled or postponed 10 fundraisers involving the president, Vice President Joe Biden and White House chief of staff Bill Daley in the past month because of the debt talks, scrubbing events in California, New York and elsewhere.
… “We’re going to raise significantly less in the third quarter than we did in the second quarter,” said Jim Messina, Obama’s campaign manager. “We will not be able to replace all of these events just because of his busy schedule. We always knew that he had his job and we had to do this around his schedule, and the truth is we just have to deal with canceling a month’s worth of events.”
Geraghty has long argued that it would be difficult for Obama to match his 2008 fundraising, much less hit the $1 billion target. It’s certainly looking that way.
Fundraising is the thing Obama does best, so don’t count the Billion Dollar Candidate out yet.
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Comments
“Fundraising is the thing Obama does best….”
I beg to disagree on this point.
Lying is the thing Obama does best. Pathologically so.
Maybe this article provides cover, as well; perhaps tonight’s birthday bash is a FAIL. Too bad the DC good ol’ boys didn’t drag on the Kabuki crisis long enough to postpone that, too.
I’ll bet this birthday shindig is on our dime. I know all the Secret Service, Air Force 1, &c. are.
Except for golf, fund raising is the only thing Obama does.
I’d guess that advertising is most effective when the candidate’s name recognition and governing record are not well known.
I just don’t understand how a huge fundraising drive/advertising campaign is going to be very effective for a sitting president. Everybody knows he is president and his record is plain for all to see.
He’s at a pathetic 34% approval with Independents in Gallup polling. That’s a big hole. I guess if he spends several hundred million pretending to be a moderate centrist, his approval rating with Independents will improve somewhat, but will it be enough? I’m skeptical. Sure, he’ll scoop up the union money (unless in the unlikely event he gets a credible primary challenger – Bernie Sanders and Ralph Nader are not credible). And the billionaire socialists will support him. But why would anybody who is not part of that hard core Democrat base make such a bad investment considering the hole he is in?
I thought he just got a $2.4 trillion campaign contribution?
Basically, as there are no limitations on how Obama can direct Timothy (tax-cheat) Geithner to spend that money. So it will be funneled into areas where he will get the biggest bang for the buck; Chicago, Detroit, LA, St. Louis, New Orleans, etc. all blue areas. Meanwhile, as Texans loose billions in crops due to the drought, the Administration is worried about the drought in Africa.
[…] More, Obama Fund Raising Fail — Let the Excuses Begin […]
It is amazing how the Office is so imposing, that even a man-child narcissist like Barack Obama is required to delay his all-consuming pre-occupations to occasionally attend to Office requirements. What a pity that a man as self-important as he must endure these interruptions.
Why was he having ten fund-raisers in one month to “cancel or postpone”. Between golf, vacations, and fund-raisers, doesn’t seem to be much time for work.
Any word on the number of people making under $200,000 a year who will be among those paying $35,800 for dinner at President Obama’s birthday fundraiser?
Oh no, Obama’s fundraising is suffering due to the acts of terrorists?
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It is NEVER his fault.