Jun 27, 2012 9:12 PM GMT
Now that the Obama campaign expects to be outspent they are complaining about loose restrictions, nevermind they never made efforts to check the origin of credit card donations on their site, etc., they are complaining almost hysterically Citizens United. Nevermind the news and editorial pages that have leaned left almost consistently in the past can't be quantified in terms of value until the growth of Fox. Also nevermind that they don't have a good message to campaign on.
The evidence of an impending avalanche of right-wing campaign spending continues to mount. In the month of May, Romney and the Republican National Committee raised a combined total of nearly $87 million, compared with $60 million for Obama and the DNC -- the first time since 2007 that Obama's vaunted fundraising juggernaut has been outmatched. Sheldon Adelson, the Las Vegas casino billionaire, recently pledged $10 million to the Romney-aligned super PAC Restore Our Future and has said he'd be willing to drop $100 million on the race; the Koch brothers have set a $400 million target, while American Crossroads, Karl Rove's group, plans to spend $300 million. Over the weekend, Romney hosted a lavish, closed-door summit in Utah for his bundlers and GOP bigwigs, producing image upon image of the secretive rich ferried around an exclusive resort in golf carts -- a scene out of Democrats' worst nightmares. (The 100 donors at the retreat, each of whom had pledged to raise at least $100,000, received custom Vineyard Vines canvas tote bags, according to the Washington Post.)
Obama, meanwhile, has seen his once-rich lode of Wall Street cash dry up, while the unions and Hollywood aren't thrilled with him either (though George Clooney did raise $15 million for the president in a single night -- a quarter of Obama's May total). As it tries to keep up with the right-wing barrage, the president's campaign is spending more than it is taking in, mostly on TV ads. Priorities USA, the Obama-backing super PAC, has had trouble getting donors despite the president's grudging endorsement, raising $15 million thus far to Restore Our Future's $62 million. The Democratic convention, scheduled to be held in Charlotte, N.C., in September, has fallen $27 million short of its $36 million funding goal after pledging to forgo corporate money and annoying unions -- traditionally two of the richest sources of convention monies. Even small donors, traditionally Obama's forte, have stayed away compared to 2008.