Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama is going to have one huge advantage next year--money

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:51 PM
Original message
Obama is going to have one huge advantage next year--money
Whether we like it or not (and many of us favor public financing of campaigns) President Obama will have nearly a billion dollars to spend on his re-election and unlike 2008 when he had a tough opponent with Hillary Clinton he will be able to begin using that money early on to organize key states. By the time the GOP picks their nominee (hoping for a long and hard struggle up to the convention) the president will have organizations in place, GOTV apparatuses up and running and already bought millions of dollars worth of TV/radio/media ads to define the GOP candidate--whoever or whatever it is.

This is not an insignificant advantage and in a tight election it can make a big difference.
Printer Friendly | Permalink |  | Top
Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:54 PM
Response to Original message
1. The fact that it might take a BILLION dollars to win the presidency is
frightening and disturbing.

Can we still call this a Democracy?
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:55 PM
Response to Reply #1
2. . . . and that so little of it is from small donors this time bothers me more. Who owns the WH?
I'm afraid most of us don't like the answer to that.
Printer Friendly | Permalink |  | Top
 
stevenleser Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:59 PM
Response to Reply #2
4. OpenSecrets says your information is incorrect.
http://www.opensecrets.org/news/2011/07/several-preside...

During the first months of his re-election campaign, Obama raised about 47 percent of his total funds from small-dollar donors, according to a Center for Responsive Politics review of new paperwork filed Friday with the Federal Election Commission.

In all, Obama reported raising $46.3 million between April and June. Of that, $21.65 million came from individual donors who gave him $200 or less -- the Federal Election Commission's threshold for itemized reporting.

Printer Friendly | Permalink |  | Top
 
RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:05 PM
Response to Reply #4
10. You do realize that 21.65 million dollars, at $200/ea is only 108,250 donors.
Edited on Thu Sep-29-11 04:08 PM by RaleighNCDUer
That's 2,165 donors/state. In my state, that would be 21 donors/county.

Still impressed?

But let's assume these are REALLY small donors - $20/ea. That would be, in my state, 210 donors/county. As many people as it takes to fill a moderately sized movie theater. Once. At approximately the same cost.

Still impressed?
Printer Friendly | Permalink |  | Top
 
stevenleser Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:49 PM
Response to Reply #10
18. Of course I am impressed. $200 is an attainable figure for most people
particularly if they spread it out over a year or so, which you can do with donations.

Attempting to claim that this means not many people donated doesnt take away from the fact that a large percentage of his donors are small donors.
Printer Friendly | Permalink |  | Top
 
ellisonz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 10:45 PM
Response to Reply #10
28. The economy sucks. I can't afford to give this election.
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:05 PM
Response to Reply #4
11. No. Compare that to 01/2008 when 90% was from small donors.
See, http://www.opensecrets.org/news/2008/02/obama-breaks-re...

Democrat Barack Obama's campaign raised a record $36 million in January, overwhelmingly from small online donors, according to the New York Times. "The details of Mr. Obamas January fund-raising illustrate just how much his campaign has been able to chart a new path for the presidential race. He brought in $28 million online, with 90 percent of those transactions coming from people who donated $100 or less, and 40 percent from donors who gave $25 or less, suggesting that these contributors could be tapped for more," the Times reported.
Printer Friendly | Permalink |  | Top
 
stevenleser Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:49 PM
Response to Reply #11
19. You are comparing the wrong period of time. We are not in january
He is also not a new candidate.
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:10 PM
Response to Reply #19
21. By 01/08, Obama was hardly a new candidate. It's the change in the donor base mix that's the issue
Your seasonal argument also doesn't explain that change or even address it.
Printer Friendly | Permalink |  | Top
 
TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:04 PM
Response to Reply #2
8. So little? Currently he's OUTPACING 2008 for small donations.
In other words, MORE of his money is coming from small donors now than before.
Printer Friendly | Permalink |  | Top
 
RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:12 PM
Response to Reply #8
12. Ref post #4 & post #11.
Edited on Thu Sep-29-11 04:16 PM by RaleighNCDUer
Post 4 - 48 million over 3 months, from donors under $200.

(Edit - my bad - that's $21.65 million over 3 months from donors under $200)

Post 11 - 36 million in 1 month, from donors under $100.

(Edit - again - and 28 million in 1 month from donors under $100)

Who is lagging behind what?
Printer Friendly | Permalink |  | Top
 
TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:25 PM
Response to Reply #12
15. Those two posts conflate donations and total donated.
And also online donations with total donations. 11 says that 90% of his total online transactions were small donations.

However, percentage of transactions is not the same as percentage of money raised. For instance, if you have 30 people each donate $100, and one person donate $3000, ~97% of your transactions will be small donors. But only 50% of your total raised will be from small donors.
Printer Friendly | Permalink |  | Top
 
RaleighNCDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 12:04 AM
Response to Reply #15
30. It's not even math - it's arithmetic.
21 million over three months is 7 million per month. Currently.

Jan. 08, 28 million in 1 month for the SAME donor base.

He is getting 1/4 the small donors curently that he had in 08. THAT is reality.
Printer Friendly | Permalink |  | Top
 
stevenleser Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:57 PM
Response to Reply #1
3. The amount isn't disturbing since if we all contribute $3 each it makes $1 billion...
what ought to concern people is whether certain groups are putting up a large percentage of that and getting unfair access as a result.
Printer Friendly | Permalink |  | Top
 
Whisp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:36 PM
Response to Reply #1
17. yes it is disturbing, but these are the cards dealt
Edited on Thu Sep-29-11 04:36 PM by Whisp
with the game rules in place.

Would you prefer Obama not collect any money, while the GOP does?

Printer Friendly | Permalink |  | Top
 
sad sally Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 10:55 PM
Response to Reply #1
29. No, it's not democracy; it's all about money.
Edited on Thu Sep-29-11 10:56 PM by sad sally
Howard Schultz, Starbucks CEO, said it very well. (he said he makes no political contributions)

Schultz: In my view, why unemployment has stayed over nine percent is linked directly to Washington, DC. When I examined the cost of what the election cycle was in 2008, which was more than $4 billion, and it's estimated to be in 2012, which is $5.5 billion is gonna be spent on congressional re-election and the presidential election. Just think about that - $5.5 billion when we have 9 percent unemployment in America. And people don't know where their next meal is coming from. The system is completely broken.
Printer Friendly | Permalink |  | Top
 
rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:01 PM
Response to Original message
5. Ummmm ----- the Republican super pacs will match that and more
and they will be buying airtime by the buckets.
No - I don't think money will be to the dems advantage
It will take phone calls and doors knocked - all by volunteers while the Repubs buy workers
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:01 PM
Response to Original message
6. Yes but . . . .
them others, whomever they run, will take advantage of Citizens United and could, in fact, eat our cake, at least money-wise.
Printer Friendly | Permalink |  | Top
 
gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:01 PM
Response to Original message
7. Until we get public financing in place (glass half full) money is good! nt
Printer Friendly | Permalink |  | Top
 
Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:04 PM
Response to Original message
9. That makes one of us. n/t
n/t
Printer Friendly | Permalink |  | Top
 
Sheepshank Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:13 PM
Response to Original message
13. I've come to the conclusion that it's too difficult to limit campaign contributions
...money pours in from all sorts of pac, and anon corporations.

If there is any campaign financing regulation, it will need to be in the arena of SPENDING.

Back to the OP, lots of monty being thrown at Perry (who currently appears unlikely to win). Lots and lots of money being thrown at Mittens, who will squander much of that on fixing/re-branding his own previous faux pas. So long as the GOP field is as broad as it is wide, money is going to be thrown at them and money will be used up. I'm good with that.
Printer Friendly | Permalink |  | Top
 
Dr Fate Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:16 PM
Response to Reply #13
14. Simple idea, best argument I have heard to get around the "free speech" BS. nt
nt
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 04:32 PM
Response to Original message
16. No one on Pres. Obama's campaign ever said they could raise $1B. That's a MSM analyst's soundbite.
Edited on Thu Sep-29-11 04:51 PM by ClarkUSA
I doubt if Pres. Obama can raise that much, given OFA's rate of fundraising. And the Republican establishment's secret Citizen-United PACs will be raising tons of money from billionaires like the Koch Bros. and the CEO of Home Depot as well as that hedge fund guy Fisher once they force Perry out of the race so they can coalesce around The Plutocratic Android. We can't anything for granted, especially considering the number of "disappointed" Democrats swearing they won't lift a finger or donate a dime to help our Democratic President.
Printer Friendly | Permalink |  | Top
 
AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:04 PM
Response to Original message
20. A Billion is Not Nearly Enough. We Will Be Outspent At Least 4 to 1, Probably far More
Obama has set a fundraising goal of a billion dollars. Twice what he raised in 2008.
Like we all have twice as much to give now as we did then.
It will be an all-but-impossible goal to meet, yet it won't be nearly enough. We will be massively outspent.

"Citizens United" gives the Repiglickins access to unlimited corporate cash.
The Koch brothers alone can easily match Obama's billion-dollar goal out of their own pockets, and there are dozens more like them.

We could have an advantage in grass-roots organizing, at least in some areas, but they will have a lot more money.
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:19 PM
Response to Reply #20
22. In '08 , we had a big advantage in grassroots organizing. The WH and Senate leaders threw that away
Edited on Thu Sep-29-11 05:21 PM by leveymg
To quote Rahm, "Fucking morons." After Citizen's United, the GOP fundraising advantage was inevitable because billionaires tend to be Republicans. Yet, the Dem centrists continued to triangulate in hopes of picking up a few of big money contributors, but without regard for what it would do for the morale of the progressive base of the party.

Fucking morons. Or else, they've done their part of the job, and they'll let the GOP preside over the slash and burn part of the program of restructuring America to fit better into the global economy. I don't like either explanation for what has been an otherwise inexplicable abandonment of Democratic Party principles. It makes me sick to contemplate it.
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:26 PM
Response to Reply #22
24. Are you a member of OFA? I am. I can assure you that Rahm never dissed OFA's grassroots organizers.
Edited on Thu Sep-29-11 05:46 PM by ClarkUSA
Neither has the WH. Quite the opposite. As for "morale", according to the latest CNN poll, 78% of liberals and 76% of Democrats want President Obama renominated. That should tell you something.

Printer Friendly | Permalink |  | Top
 
stevenleser Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:30 PM
Response to Reply #24
25. Accuracy isn't really that person's strong suit. If it can be altered to look bad for Obama, that
person is not above doing that.
Printer Friendly | Permalink |  | Top
 
ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:31 PM
Response to Reply #25
26. Ah. Thanks.
:hi:
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 06:18 AM
Response to Reply #25
32. Give me an example of "alteration" of facts, Steve.
By the way, I wish I were wrong, and would be happy to be convinced of that, if there were some good evidence and argument to convince me of that. You're not offering it, and the ad hominem attack is neither convincing nor appreciated.
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 06:14 AM
Response to Reply #24
31. It tells me we don't have any viable choices, not that we like what we ended up with and will again
Edited on Fri Sep-30-11 06:24 AM by leveymg
work hard to reelect him. Again, there is a confusion of terms and a failure to adequately illustrate the point by you guys.

If you're going to argue from statistics -- like those popularity figures (as dubious as they are) -- apply them in a way so that they make sense. This does not mean that the morale of the progressive base is high. If you don't know how bad it is, or can't effectively address that, you shouldn't be posting on a progressive political board and associating yourself with OFA.
Printer Friendly | Permalink |  | Top
 
AlinPA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:20 PM
Response to Original message
23. With the SC ruling on Citizens United? The republicans will get 10s of billions from businesses and
won't have to raise a nickel. Money won't do it this time. GOTV is the only way.
Printer Friendly | Permalink |  | Top
 
jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:32 PM
Response to Original message
27. No he won't...
not with the Citizens United ruling. The Koch Brothers along with Karl Rove's "Crossroads" Super Pac and others, money will be no problem for the Repub. nominee, sadly.
Printer Friendly | Permalink |  | Top
 
Marsala Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 01:47 PM
Response to Original message
33. Both sides will have so much money that it won't matter n/t
Printer Friendly | Permalink |  | Top
 
Johnny2X2X Donating Member (356 posts) Send PM | Profile | Ignore Fri Sep-30-11 03:02 PM
Response to Original message
34. Calm down
I know Obama has disappointed some of us, but people here seem to be buying into the RW talking point that Obama faces an uphill battle. He's still the front runner people. Any type of modest economic recovery and he'll win in a landslide.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Aug 21st 2014, 03:24 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC