In Record Fashion, Obama Burns His Cash

Obama spends his campaign money like he spends taxpayer money…

A common maxim in politics is that you can see how well a candidate will manage the economy by observing how they manage their campaign expenses.

Here is the story from the New York Times:

President Obama has spent more campaign cash more quickly than any incumbent in recent history . . .

The price tag: about $400 million from the beginning of last year to June 30 this year, according to a New York Times analysis of Federal Election Commission records, including $86 million on advertising.

With less than a month to go before the national party conventions begin, the president’s once commanding cash advantage has evaporated, leaving Mitt Romney and the Republican National Committee with about $25 million more cash on hand than the Democrats as of the beginning of July.

And with August a traditionally slow month for fund-raising, Mr. Obama has bombarded his supporters in recent weeks with increasingly urgent pleas for money, mindful that he will need to drastically raise his cash intake in the coming months merely to equal his record-breaking haul from 2008.

“My upcoming birthday next week could be the last one I celebrate as president of the United States, but that’s not up to me — it’s up to you,” Mr. Obama wrote last week as the campaign’s latest fund-raising deadline and his Aug. 4 birthday approached. “This July deadline is our most urgent yet, coming after two consecutive months of being significantly outraised by Romney and the Republicans.”

Mr. Obama’s heavy expenditures — and his campaign’s pressure on bundlers to find and groom new donors — have stirred worries among other Democrats, who have long taken Mr. Obama’s financial supremacy for granted.

There are a couple of key take-home messages from this article.

1. Obama is setting records for spending so much money so quickly.

2. Obama will be the first sitting president in history to be out-raised by his rival.

3. Obama will unlikely match his fundraising numbers from his 2008 campaign.

4. Obama’s pleading for campaign donations signals real desperation from the Obama team.

5. There is a serious image problem of a president so desperate that he is pleading for cash.

California: Romney Raises Cash, Talks Jobs & Economy


Mitt Romney has been in The Golden State for the last couple of days…

On Friday (9/16/11), weight-loss maven Jenny Craig held a breakfast reception at her Carlsbad, CA home for Governor Romney:

Former Massachusetts governor Mitt Romney is hosting a slim fundraiser on Friday — a breakfast reception at the home of Jenny Craig, “featuring Jenny’s special oatmeal pancakes.” Sounds healthy! But Waffle House CEO Joe Rogers and the founders of Panda Express are Romney backers too, so he’s probably going to binge later.

Saturday morning, another fundraising breakfast was held for The Gov at the home of James and Kristine Maxwell in Fresno, CA. Afterwards, a meet-and-greet was held for him by Richard and Karen Spencer at Harris Construction in Fresno. He also paid a visit to Bakersfield, CA.

Mitt Romney makes fundraising stop in Fresno - Shannon Handy

Mitt Romney arrived to a Northwest Fresno home early Saturday morning accompanied by Meg Whitman. Last year, she lost to Democrat, Jerry Brown in the California governor’s race.

After making their way inside Romney greeted more than 300 people who each paid 500 dollars to eat breakfast and hear him speak.

Richard Evans said, “It was a great message. Encouragement. He’s excited about the country. He loves America and that’s what we need in a president.”

Guests tell Action News Romney talked about the importance of free enterprise and putting people back to work.

The former Massachusetts governor spent years working in the private sector and often touts his role in creating thousands of jobs.

Jill Bechard said, “I thought his message was right on target. I’m a business woman, I run a credit union and we just need folks back there in Washington to understand that they’ve got to free up the business community and that’s what he was talking about.”

Continue reading here.

As stated in the video, Rick Perry was in Fresno last week for a fundraiser. Here’s how it went:

By the accounts of a few who attended, Texas governor and Republican presidential hopeful Rick Perry was impressive at his Downtown Club fundraiser last week. The problem was hardly anybody attended — and that, obviously, isn’t good when the event is a fundraiser.

Two who attended put the number at less than 40, and that counts some who came for free and others who were part of the event.

(emphasis added to articles)

► Jayde Wyatt