Big money campaign to secure the White House
Most news coverage screams that the mean old Republicans are controlled by the stodgy old men with Franklins falling out of their pockets. Well, according to recent reports, the Democrats are the wealthiest when it comes to campaign treasure troves.
According to a published Washington Post report, Barack Obama has raised a whopping $443.9 million in his effort to maintain his address at 1600 Pennsylvania Avenue.
His opponent in the 2012 presidential sweepstakes, Mitt Romney has raised only $123.6 million. Roughly a 4 to 1 ratio favoring the rich Democrat.
“Leaked details of a plaintive phone call from President Obama to some of his biggest donors this weekend offered a rare and revealing look into the typically private rituals of big-dollar campaign fund-raising,” the Post story stated.
“In the conference call made late Friday from a special campaign phone on Air Force One, a recording of which was obtained by the Daily Beast, Obama bemoaned the anonymous super PAC donations flowing to his Republican opponent, Mitt Romney,” the Post reported.
How is it that a sitting president making phone calls from Air Force One to uber-rich donors has the president’s campaign worried? Is the president trying to keep his wealthy Hollywood and Wall Street supporters from becoming complacent? Didn’t the president just win a major concession from the U.S. Supreme Court over health care? And he’s still feeling poor?
“And it was on the heels of what turned out to be a fund-raising boon for Romney: the former Massachusetts governor’s campaign claims to have taken in $4.6 million during the 24 hours after the Supreme Court’s decision on Thursday to uphold the Affordable Care Act,” the Post said. “The Obama campaign claims that it, too, raked in money after the decision, though the campaign has not revealed how much.”
Paying for the right to occupy the prestigious address on Pennsylvania has its current occupant worried, yet he’s leading his “rich” Republican opponent in fund-raising. How much is enough to keep or capture the presidency?