NY Times: Obama Donors 'Steep Dropoff'

Saturday, 21 Apr 2012 07:22 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Traditional big industry sources of campaign cash are drying up for President Barack Obama, leaving his bottom line behind where it was four years ago, according to a report in The New York Times.

Although still outpacing presumptive GOP nominee Mitt Romney, the Obama camp is dropping back to punt, relying on grass-roots supporters, whose relatively small contributions make up well over half of the war chest he pulled in through the end of March, according to federal records reported in the Times.

Obama’s campaign raised about $196 million through March, compared with $235 million at the same point in 2008. The Times suggests this is owing to the lack of a Democratic primary, a still-lagging economy, and four years of at-best lukewarm relations with Wall Street and other industries.

“They clearly are feeling the pressure,” said one major Obama fund-raiser. “They’re behind where they expected to be. You have to factor in $500 million-plus in Republican super PAC money.”

The good news is that the bad news has been somewhat offset by a very successful joint fund-raising program with the national committee, which raised about $150 million, twice as much as in 2008.

But the good news from the national committee efforts still leaves Obama in a bind. According the Times’ arithmetic, to raise as much money as he did four years ago, he would have to bring in about $70 million a month through the end of the election cycle -- more than triple his rate so far.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Army War College to Launch Plagiarism Probe on Senator's Thesis

Thursday, 24 Jul 2014 21:36 PM

The political hole deepens for beleaguered U.S. Sen. John Walsh of Montana, a Democrat who is running for re-election a . . .

Honduran President: US Policy Partly to Blame for Border Crisis

Thursday, 24 Jul 2014 21:10 PM

The president of Honduras lays part of the blame for the border crisis on an unclear immigration policy of the United St . . .

German Report: NSA Tracks Users Researching Privacy Software Online

Thursday, 24 Jul 2014 20:12 PM

A warning to those who might do a little online research about Internet privacy software: The NSA is tracking you, a rep . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved