During the month of May, little barry spent $44,582,172.97 in order to make $39,142,855.30. That's a loss of $5,439,317.67. In spite of all the hobnobbing with all the "correct" 1%ers. He still to a loss in campaign contributions. http://query.nictusa.com/pres/2012/M6/C00431445.html Obama is going down like in the back of a limo with Larry Sinclair.
They had no problem outspending McCain 3-1 in 2008 but boy oh boy are they pitching a fit now because it looks like the republicans are going to raise more money than they are. Its funny watching them freak out and instead of admitting that donors are leaving them because Obama sucks, they are trying to blame it on the Koch brothers. Truly pathetic.
Presidents don't "run" economies. Economies run themselves. Presidents have almost nothing to do with it. As someone who would really like to see Obama gone next year, I can tell you that he is a brilliant campaigner. I'm amazed you can't see that. If he wins re-election, it won't be because of what he has done in office. It will be because he is a brilliant political campaigner. Just thought I would correct the title of your post.
This was actually the worst new for Obama all day yesterday. His campaign was set up to operate with $1 billion. There is a reason meeting forecasts is so important in bullishness. You set up your busnuiss to operate with so much expected revenue. If you fall short of that your operating costs become too much of an expense. If the Obama campaign cant pick up the fundraising than the massive overhead already created will eat most of his money and very little of it will be free to spend on the important things like TV adds. I think that we are also going to see a lot of waste fraud and abuse here. The Campaign is set up in Chicago while all the people who could oversee it are in Washington. Obama's backers want to be paid. All those corrupt Chicago power brokers who put him in power are looking to cash out. A bird in the hand is with two in the bush. They will and probably are going to use Obama's campaign cash with the efficiency of a Chicago government contractor.
You will like this article: http://news.yahoo.com/blogs/ticket/obama-campaign-sees-red-may-money-totals-221222396.html
The preident sets the tone and places people in positions of power. He steers the ship to that extent but doen't "control" the economy. Wall Street goes up or down depending on what the mood of the nation is and the nation is cringing under Obama. The blame is in his hands.
