Presidential Politics

Dear Reader,

The New York Times reports that President Obama has seen a steep drop-off in fundraising from major donors.  The link: here.  It's a bit difficult to pinpoint... but it seems that there is something wrong with this story.  Nevertheless, the claim:

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 — though well ahead of Mr. Romney’s — and has induced growing concern among aides and supporters as they confront the prospect that Republicans and their “super PAC” allies will hold a substantial advantage this fall.

It may be, of course, that donating money at that level is a strategic consideration.  The implied suggestion - that the Obama campaign is in trouble - may in fact be very misleading.  For example, if all of these donors expected Obama to win easily, they may also give much less since their effort would be unnecessary. 

Of course, the article is up on The Drudge Report and conservatives are making hay out of it.

--- Stag Staff