Obama Rakes In $150 Million During September, When Americans Are Facing The Worst Financial Crisis Since The Great Depresssion

Well it is evident that Barack Obama’s message of Change and reform is but outright imaginary. During the Primaries, Barack promised to take public funding in the general election if his opponent did. Well John McCain did and Barack Obama did not.

This is why we need finance reform and is there any reason we the people should believe Barack Obama is going to reform political financing? His words are glorious to most, they contain no substance, and they contradict his actions. Sorry, but in my world, actions speak louder that words and always represent what a person truly believes in.

What does this latest barage of information mean…

  1. Barack Obama is a liar.
  2. Barack Obama is not a catalyst for reform
  3. Barack Obama can ask hurting Americans for more and more money… $150 Million, when those same Americans Barack says are loosing jobs, having trouble putting food on the table etc…
  4. Barack Obama has out spent John McCain 4-1 on Ads and going with his own number only 1/3 are negative and John McCain’s ads are 100% negative, that means he is still putting out more negative ads than McCain.
  5. Barack Obama is out spending John McCain at 4-1 on ads alone, additionally he has 3-4 times more cash available than John McCain and yet is is only a little bit ahead of McCain in the real polls, what does this really say about how much support he has and his chances of winning are.
  6. It also puts a question as to how bad the financial crisis is that Obama keeps refering to as the Worst Financial Crisis Since The Great Depression  

Barack’s campaign is a thinly masked version of John Kerry’s 2004 bid, Anyone but Bush… Imagine if Obama were using public financing, what would his numbers be then… What if the Media did not provide a mass Obama cover-up of Obama’s past?

Will this be the end of Public Financing… Maybe, hopefully not… Reform does need to take place and our next President and Congress need to make those changes in the first 2 years.

Overall Barack Obama is roughly at $600, now think about that number, now how much is legitimate, there are many articles online that indicate that much money is given under false names and many times excede the requirement for providing the names to FEC. Additionally there is suspicion that many donations have been made from non-US citizens, which is illegal. Barack Obama has not disclosed where all the donations have come from and used the under $200 rule to make sure nobody finds out where the money is coming from…

That is Change You Can Believe In! 

WASHINGTON — It wasn’t Barack Obama’s most critically acclaimed moment.

When the Democratic presidential candidate reneged on his pledge to take public financing for the general election, campaign watchdog groups and newspaper editorialists pounced. They all hoped he would help salvage a broken campaign finance system.

Instead, he created a whole new one, and he destined the current system of public financing to the trash heap.

On Sunday, Obama’s campaign announced he had raised more than $150 million in September alone, a previously unimaginable fundraising rate of $5 million a day. Republican rival John McCain, who chose to participate in the public system, has been limited by law to spending only $84 million in September and October.

At Obama’s clip, his fundraising will easily surpass the $650 million total spent by President Bush and Democrat John Kerry combined in 2004. Indeed, by using sophisticated new social networking tools to reach legions of small donors, Obama has already exceeded the forecasts of some campaign finance seers who two years ago were predicting the two parties’ nominees would each spend about $500 million.

The extraordinary sum vindicated Obama’s decision. It also made a public finance system born after the excesses of the Watergate era look decidedly quaint.

“People will look back at 2008 as the year that Barack Obama once and for all destroyed public financing as we know it,” said Todd Harris, a Republican strategist who worked on McCain’s 2000 presidential campaign. “It will be very difficult four years from now for any candidate to make the case that they should participate in public financing given the obvious financial advantage that Obama has received by opting out.”

But while Obama has rewritten campaign finance rules with his use of technology and personal outreach, he has also taken advantage of a changing social and political landscape that suited his message and his celebrity. As a result, his campaign says, he has 3.1 million donors, with more than 600,000 new ones contributing just in September.

Obama reached them through Facebook and MySpace, by e-mail and by phone text. A purchase of Obama merchandise on the Web guaranteed you a place as a donor; so did attendance at his popular and crowded rallies. Those donors, in turn, were encouraged to reach out virally to even more.

“He has developed a donor base that is comparable to what we would consider a donor base for a national political party,” said Anthony Corrado, a political scientist and an expert on political money at Colby College in Maine.

But advocates of a public finance system aren’t eager to give up on a system that relies on voluntary taxpayer contributions on their annual tax returns. And while Obama backed away from his promise to take public money if McCain did, they want him to live up to his pledge to fix the system if he becomes president.

“The question for Democrats is will they decide to go forward with something that is not to their immediate advantage,” said David Donnelly, director of Campaign Money Watch.

Whether other politicians could replicate Obama’s feat is certainly an open question. But political campaigns tend to model themselves on the last successful effort. If Obama goes on to win the White House, his fundraising model will be the first chapter in future campaign playbooks.

“The experience of this campaign will lead to a retrospective evaluation that McCain made a mistake in opting in (for public financing) and that Obama did the right thing by opting out,” Corrado said.

Some Republicans have argued that McCain’s selection of Sarah Palin as a running mate so galvanized the Republican base that he might have been able to raise more money for the general election than the $84 million he received.

But McCain and Obama have operated on separate tracks. McCain’s fundraising apparatus was not set up like Obama’s and McCain has never shown an affinity for fundraising anyway.

Instead, he has had to rely on the Republican National Committee to supplement his restricted finances. And while their combined forces had given them some parity with Obama and the Democratic National Committee, Obama’s September performance amounted to a fifth gear that the GOP simply didn’t have.

Obama’s fundraising advantage has been evident for some time. He is outspending McCain and the RNC by more than 2-1 in advertising; without the RNC, he’s outspending McCain nearly 4-1 in TV ads. He’s been able to expand the field of competitive states to typically Republican states and secured his standing in typically Democratic states.

Still, it’s easy to overstate the significance of Obama’s millions. His success so far in national and state public opinion polls also reflects a toxic political environment for McCain and Republicans. Bush’s unpopularity and the crisis in the financial markets have hurt Republican candidates up and down the ballot.

And finding the key to unleash a torrent of small donors is only part of a successful political equation. Howard Dean surged as a candidate with his unprecedented Internet fundraising in advance of the 2004 Democratic presidential primaries. He lost.

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One Response

  1. I don’t think he will return any of the Fannie Mae or Freddie Mac money he received either.

    People lost sight of who (Democrats) really caused this financial mess we are in and who profited from it.

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