It seems that the president’s fundraising is not only failing expectations, but is considerably less than in 2008 and far less than George W. Bush stockpiled in 2004 for his re-election.
And unsuprisingly, his money burn rate is at 158% of his fundraising, considering that Obama is the all time King of deficit spending.
The Washington Post just reported that around 11,000 donors had contributed at least $2,000 to the Obama campaign or Democratic National Committee since last spring. That’s less than half as many as at this point in 2008 and less than a quarter of Bush’s 2004 turnout, jeopardizing their once assured goal of a billion dollar campaign this time. Obama’s large donor rate is also less than Mitt Romney is collecting from his big supporters
As a recipient of Obama emails I can attest to the fact that the Re-election campaign is sending several emails a day asking for the minimum of $3, most of them advertising that creepy date night with Barack thing.