No Hillary As VP Has Financial Consequences For Obama
When Barack Obama decided to forego the public finance system in the general election, it was with the expectation that his campaign's fundraising prowess would give Obama a decided advantage over the McCain campaign, which opted in to the public finance system. McCain received $84 million this month from the public finance system, while continuing to raise funds for the RNC and state GOP parties. And the NYTimes reports Obama's campaign is dissatisfied with its fundraising:
[T]he [Obama] campaign is struggling to meet ambitious fund-raising goals it set for the campaign and the party. It collected in June and July far less from Senator Hillary Rodham Clinton’s donors than originally projected. Moreover, Mr. McCain, unlike Mr. Obama, will have the luxury of concentrating almost entirely on campaigning instead of raising money, as Mr. Obama must do.
More . . .
The Obama campaign argues that its donors are just now turning to general election donations:
David Plouffe, the Obama campaign manager, said the majority of the Obama campaign’s donors during the primary had yet to write checks for the general election. When they do, he said, it will be the equivalent of the large injection of cash the McCain campaign is receiving from the government — about $70 million or $80 million. “We’re confident that we will meet our financial goals, but it’s hard work,” Mr. Plouffe said. “We have a long way to go in the next six weeks.”
Of course, McCain has that money in his bank right now. Obama needs to collect it. My own view is that had Obama chosen Hillary Clinton, that money would be sitting in Obama's bank account right now. Clinton had the second most impressive fundraising operation in politics. Yet another reason to rue Obama's unwillingness to pick Hillary Clinton as his running mate.
By Big Tent Democrat, speaking for me only
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