Obama's Money Woes

Remember the boast from the Obama campaign that it was going to raise $1 billion for the president's re-election campaign? Well, not anymore!

In a column last week, Karl Rove pointed out that Team Obama has been failing to hit its fundraising targets by a wide mark. Indeed, since the campaign is being staffed on the belief that there will be a billion bucks to spend, the fundraising shortfall is resulting in Obama spending more on his campaign than he is taking in. Imagine, all that spending and Obama has no primary opponent. By the time Obama gets to the general election, it now appears that Obama will not be able to bury his GOP opponent under an avalanche of cash. Unless things change...which they might.

After the Rove piece, numerous other reporters and columnists jumped on the story. Today, I saw one of the funniest of the genre ever, and it contained an explanation of the problem from the Obama folks that is hysterical. The basic news is that Obama has less than half as many large donors as he did at this point four years ago. (Large donors are those who give $2000 or more.) Both the Wall Street folks and the uber-lefties in Hollywood have fallen off in their support for Obama. So what is the explanation for this phenomenon from the campaign? It's simple, they say. No one is giving because the GOP candidates are too weak. That's right, the Wall Street folks (who always want to be with the winner) are not giving because they think Obama will win. The Liberal chorus in Hollywood is sitting on their checkbooks because they think Obama will win.

I often have wondered how dumb Obama and the Obamacrats think Americans are. This "explanation" really provides an unmistakeable answer. "Very dumb!"