President Obama’s re-election campaign is straining to raise the huge sums it is counting on to run against Mitt Romney, with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors.
From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago. The falloff has left his fund-raising totals running behind where they were at the same point in 2008...
... Mr. Obama’s campaign raised about $196 million through March, compared with $235 million at the same point in 2008. It has lagged behind its own internal quotas in some cities, according to people involved with the fund-raising efforts.
... to raise as much money for his campaign as he did four years ago, the president would have to raise about $70 million a month through the end of the election cycle, more than triple the rate he has been bringing in cash so far.
... about 58 percent of Mr. Obama’s total fund-raising during the election has come in checks of less than $200, compared with about 38 percent in 2008.I BELIEVE THAT MOST OF THE SMALL DONATIONS - UNDER $200, WHICH DON'T HAVE TO BE REPORTED TO THE FEC - ARE LAUNDERED, ILLEGAL, AND FOREIGN CONTRIBUTIONS MADE WITH STOLEN OR FAKE CREDIT CARDS AND UNTRACEABLE TEMPORARY CARDS.
OBAMA'S SITES DISABLED CREDIT CARD VERIFICATION IN ORDER TO PROMOTE THIS. (OTHERS AGREE.)
OBAMA WILL HAVE TO RELY FAR MORE ON THIS THAN IN 2008, AND HIS DIFFICULTY IN RAISING MONEY - DESPITE THE POWER OF INCUMBENCY - IS MORE PROOF THAT HE IS A SCOAMF.