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(Reason Magazine)   The Obama campaign does not seem to be bothered by the fact that it spent more than it raised in June, calls it "practice"   (reason.com) divider line 24
    More: Interesting, President Obama, Obama campaign, Fe C, TV Land, swing states, DNC  
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727 clicks; posted to Politics » on 23 Jul 2012 at 9:46 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-23 09:47:12 AM
9 votes:
I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.
2012-07-23 09:51:14 AM
4 votes:
Hmm... between getting married and moving into a new apartment, and paying off my car, I'm pretty sure i've spent more than I made this month. Luckily, I also made money last month.
2012-07-23 09:49:03 AM
3 votes:

Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.


Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".
2012-07-23 10:14:58 AM
2 votes:
Obama has been building up a "war chest" for a while now, just because he earns X amount one month and spends more than that that month means nothing. He been earning more than that for months on end, if not years on end.

And frankly, with all the Romney tax related stuff, you strike while the iron is hot.
2012-07-23 09:58:41 AM
2 votes:
Remember all those months where Obama was bringing in loads of money while the Republicans were infighting? Yeah, they have some money in the bank saved for the next few months.
2012-07-23 09:58:03 AM
2 votes:

Iblis824: Hmm... between getting married and moving into a new apartment, and paying off my car, I'm pretty sure i've spent more than I made this month. Luckily, I also made money last month.


This.

Obama has made a major investment this month because this is the point where the general election campaign really begins. And it's been a successful one -- before Romney really got a chance to define himself to the American people, they now know him as a vulture capitalist who refuses to be open about his finances.
2012-07-23 09:55:08 AM
2 votes:
So, if I have $1000 in the bank coming into June, make $500 during the month of June, and spend $800 in the month of June...

No wait...

I am not allowed to save money for future use. I can, and in fact, *have* to spend every dime I make during the month that I make it...

That doesn't sound right either, let me try once more...

If I spend more in a month...


I can't do it. Could one of you Independents explain it to me?
2012-07-23 12:48:10 PM
1 votes:

WombatControl: It found that 66 percent believe paltry job growth and slow economic recovery is the result of bad policy. Thirty-four percent say Obama is the most to blame, followed by 23 percent who say Congress is the culprit. Twenty percent point the finger at Wall Street, and 18 percent cite former President George W. Bush....


61% of people think that either: Congress, Wall Street, or George W Bush are "most to blame" about the economy compared to 34% who think Obama is.

This is bad news...for Obama.

You're starting to become a caricature of yourself.
2012-07-23 12:09:06 PM
1 votes:

Cletus C.: President Obama may end up becoming the boy who cried wolf in his "I will be outspent" fundraising campaign.

Racism!


Last week:
Romney Outraising Obama by 5:1 in month of June!

This week:
Obama blowing his financial load all over the unwilling American populace, when will his relentless usurpation cease!?

Next week:
Obama war chest 3 times the size of Romney's: Is The Presidential Election Rigged?

Week after:
Obama spending unprecedented! Who has bought the president!?

Week after that:
Romney performing well despite massive campaign deficit!
2012-07-23 12:04:43 PM
1 votes:

WombatControl: So yeah, Obama should totally run on his economic record, that would work just awesome for him.


Like I said, I am sure your concern in parroting republican concern about how Obama should run his campaign is based in being helpful and not about poisoning the well by catapulting that talking point.
2012-07-23 12:01:03 PM
1 votes:

WombatControl: Headso: His record includes more than the economy the numbers also clearly state that there is an improvement in the economy. Do you find it odd that republicans constantly suggesting that he can't run on his record are actually concerned about how he might manage his campaign and are trying to give helpful advice regarding future PR and ad campaigns?

You can believe that if you wish. But it's a Democratic pollster that's telling Obama that message won't work. The link I posted was from two of the most respected Democratic pollsters out there.

The Republicans would love nothing more than for Obama to run a campaign of telling struggling families how great it is that the economy is recovering thanks to him. But Obama's campaign is not that stupid, which is why they've spent millions attacking Romney rather than tooting their own horn on the economy.


Every presidential race involves millions spent attacking the other candidate. Because you keep suggesting that the pdf you linked states that Obama can't run on his record I read through it and it really doesn't say that, you might want to read it. The ads they were discussing were very specific and the overall narrative of the study was not that Obama could not tout his successes in foreign policy and on domestic fronts. You are also responding with strawmen, who is suggesting he tell struggling families that the economy is great?
2012-07-23 11:34:49 AM
1 votes:

WombatControl: Headso: You used the exact phrasing that is constantly used by republicans regarding Obama's record. The economic numbers have been improving over his tenure and he has foreign policy successes that could be used in the campaign. Where in your 20 page pdf does it show Obama can't tout some of his successes?

Perhaps you should read it? Because it talks at lengths about why Obama can't win by making the argument that he made the economy better. It's not an argument that voters believe or respect because they simply are not experiencing it.


His record includes more than the economy the numbers also clearly state that there is an improvement in the economy. Do you find it odd that republicans constantly suggesting that he can't run on his record are actually concerned about how he might manage his campaign and are trying to give helpful advice regarding future PR and ad campaigns?
2012-07-23 10:35:52 AM
1 votes:

Dr Dreidel: qorkfiend: in a post-Citizen's United world where the majority of Romney's contributions have come from fewer than 200 wealthy individuals

This just hit me:

Romney has raised over $100 million himself, yes? So let's just say that 200 people have built a war chest of $50 million. That means that 200 people contributed an average of $250,000 to Mitt Romney since he declared on 2JUN2011.

In just over a year, 200 people contributed FIVE TIMES the average US yearly salary to a man, that he should become president.

To say nothing of "unaffiliated" PACs and other corporate spending. Wouldn't that $250k be better spent on, like, creating jobs? Or maybe just paid to lower the debt? Or slice off $1,000 from each of them for a day of food at a homeless shelter in the nearest poor-people colony (or wherever they live)?

And these are people who biatch about how much they're "forced" to contribute to government. CONTRIBUTING FIVE TIMES THE AVERAGE YEARLY SALARY IN THE US TO A POLITICAL CAMPAIGN.

// don't want to live on planet, etc
// does dumb have an escape velocity?


Yes, the Kochs really would rather pay out millions on getting Scott Walker kept in office and Mitt Romney elected, than pay a full income tax rate on capital gains and/or 37% instead of 35% per year on their regular income. When you get down to it, that's how selfish and stupid these people and their shills are.
2012-07-23 10:22:23 AM
1 votes:
So if he had money on his balance sheet a month ago, it would make sense that between now and the election, he would spend that money. If that's true, between now and the election spending would exceed fund-raising, or he's not doing it right.
2012-07-23 10:15:40 AM
1 votes:
I paid cash for a new car in June. Should I be concerned that I spent 10x what I made in June?
2012-07-23 10:15:05 AM
1 votes:
Practice? 0bama is an expert!

$5,000,000,000,000
2012-07-23 10:09:19 AM
1 votes:
It's ok; I'm sure we'll be hearing from Reason shortly about the $4.5 million the Gingrich campaign still owes. Or Rick Santorum, who ended his campaign with $2.2 million in debt. Or Michele Bachmann, who has just over $1 million in debt.

Bonus: while reading that article, I found this nice piece of info: "Opened in 2003, the center pulled in $59 million over nine years from more than 300 companies, some of which paid as much as $200,000 in dues. Among its activities, the center and Gingrich helped push a mandate requiring everyone to carry health insurance. "
2012-07-23 10:08:04 AM
1 votes:

js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close


THIS^^

a lot.
2012-07-23 10:05:20 AM
1 votes:
We get it - he's black.
2012-07-23 09:55:56 AM
1 votes:

Gecko Gingrich: I can't do it. Could one of you Independents explain it to me?


Obama Bad, QED.
2012-07-23 09:52:58 AM
1 votes:
I think they're missing a T
2012-07-23 09:51:57 AM
1 votes:

Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.


In Amercia they do.
2012-07-23 09:51:54 AM
1 votes:
There's a right wing pundit douche site tailored for all types. If you are a full on nut case some WND or American Thinker might be your deal. If you just like to do the both sides are bad so vote republican kinda thing well then head on over to Reason.com.
2012-07-23 09:49:29 AM
1 votes:
Is there some reason they should be bothered by that fact?
 
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