Tags: 2012 President Race | Money | Obama | 2012

Money Won’t Be Easy for Obama in 2012

Friday, 14 Jan 2011 11:23 AM

By Dan Weil

In 2008 money flowed like wine to presidential candidate Barack Obama, facilitating his dream run to the White House. In 2012, it won’t be so simple, as the GOP readies for a windfall of $500 million in outside cash, Politico reports.

obama, money, 2012“Already some of Obama’s top financial backers are warning the White House: raising money won’t be as easy this time around,” the news service states.

“They are getting organized in Chicago to start a massive two-year campaign, which I believe will be successful, but has extraordinarily large challenges in some of the major states,” Philadelphia philanthropist Peter Buttenweiser, who hosted one of the first Obama presidential fundraisers in 2007 and is in talks to organize an early one for the re-election, tells Politico.

Obama already is struggling to raise money in New York City, where some of his biggest 2008 backers are more than a bit upset about the new financial reform law and bad-mouthing of bankers by the administration.

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