Obama's 'robust' $70 million campaign haul: A show of strength... or weakness?
The president's campaign and the Democratic Party raise more than expected, but less than they did in the previous quarter
President Barack Obama's campaign and the Democratic National Committee raised $70 million during the summer, increasing Obama's big financial advantage over his potential Republican rivals. In his best quarter, GOP frontrunner Mitt Romney took in $18 million. Rick Perry led the GOP field over the summer, raising $17 million. But Obama's haul fell short of the $86 million he raised during the previous three months, and his poll numbers are down. Is Obama's "robust total" a sign that his campaign is gaining steam, or losing it?
Obama is losing momentum: Don't believe the "sunny spin," says Ed Morrissey at Hot Air. Obama raised $16 million more in the second quarter of 2011 than in the third. A 19-percent drop isn't fatal, "but it's hardly an indication of continuing momentum." Maybe Obama's old donors are tapped out, or maybe he's just "having trouble finding new donors." Either way, it looks like he'll raise a fraction of the $1 billion he once hoped.
"Obama, DNC raise $70 million in Q3"
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The numbers show Obama is gaining strength: "Rick Perry wowed the Republican field with a $17 million haul," says Jed Lewison at Daily Kos. Raising four times as much as the top Republican, instead of five times, is not something to worry about. And the "most notable number" for Obama is that 600,000 individual Americans donated to his cause. That's more than in the previous quarter, a sign the base is rallying behind him.
"Rick Perry wowed the Republican field with a $17 million haul"
Either way, it won't be easy for Republicans to catch up: "By the time the Republicans have settled on a nominee," says Doug Mataconis at Outside the Beltway, "Barack Obama is likely to have several hundred million, if not close to a billion, dollars in the bank." He'll also have a fully funded operation in place nationwide. "Don't go measuring for drapes in the Oval Office just yet, Republicans."
"Obama/DNC raise a combined $70 million"
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Hainault sword attack: police hunt for motive
Speed Read Mental health is key line of inquiry, as detectives prepare to interview suspect
By Arion McNicoll, The Week UK Published
-
Shardlake: a 'tightly plotted, gorgeously atmospheric piece of television'
The Week Recommends Arthur Hughes captivates in this 'eminently watchable' Tudor murder mystery
By Irenie Forshaw, The Week UK Published
-
Major League Baseball is facing an epidemic of pitcher's injuries
Under the Radar Many insiders are blaming the pitch clock for the rise in injuries — but the league is not so sure
By Justin Klawans, The Week US Published
-
Arizona court reinstates 1864 abortion ban
Speed Read The law makes all abortions illegal in the state except to save the mother's life
By Rafi Schwartz, The Week US Published
-
Trump, billions richer, is selling Bibles
Speed Read The former president is hawking a $60 "God Bless the USA Bible"
By Peter Weber, The Week US Published
-
The debate about Biden's age and mental fitness
In Depth Some critics argue Biden is too old to run again. Does the argument have merit?
By Grayson Quay Published
-
How would a second Trump presidency affect Britain?
Today's Big Question Re-election of Republican frontrunner could threaten UK security, warns former head of secret service
By Harriet Marsden, The Week UK Published
-
'Rwanda plan is less a deterrent and more a bluff'
Instant Opinion Opinion, comment and editorials of the day
By The Week UK Published
-
Henry Kissinger dies aged 100: a complicated legacy?
Talking Point Top US diplomat and Nobel Peace Prize winner remembered as both foreign policy genius and war criminal
By Harriet Marsden, The Week UK Last updated
-
Trump’s rhetoric: a shift to 'straight-up Nazi talk'
Why everyone's talking about Would-be president's sinister language is backed by an incendiary policy agenda, say commentators
By The Week UK Published
-
More covfefe: is the world ready for a second Donald Trump presidency?
Today's Big Question Republican's re-election would be a 'nightmare' scenario for Europe, Ukraine and the West
By Sorcha Bradley, The Week UK Published