The media will not hype it, but the Obama re-election effort is on track to fail at raising the promised billion dollars for his re-election campaign. After it's hard to raise money when you look like a loser and part of your base is alienated. Although news reports credit him with $70 million in the most recent quarter, that includes money raised by the DNC. His own campaign only got $42 million, nowhere what he needs to hit a billion. William Jacobson examines the latest data and makes some shrewd observations. Obama raised $42 million for his campaign in the third quarter, plus another $27.3 million for the DNC. Naturally, the top line $70 million joint number is being hyped. (snip) Obama is nowhere near on track to raise the $1 billion he wants for his campaign. Obama's $42 million haul is less than the $50 million George W. Bush raised in the third quarter of 2003, the comparable time period. The high campaign number of donors and low average donation numbers does not reflect wide support, but....
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