President Obama smashed fundraising records in 2008, collecting $746 million to win what turned out to be the most expensive presidential contest in history.
But four years later, the president’s senior campaign advisers say they expect to be outspent by pro-Republican outside groups, including nonprofit advocacy organizations with secret donors and the sky’s-the-limit super PACs.
“We are going to be the first incumbent outspent,” a senior Obama campaign official told reporters during a background briefing in Washington today. “I think that’s clear.”
The looming influence of outside groups means that “any spending advantage we might have had is erased,” another campaign adviser said.
Yes he did...but no way the big corporate money is going to go to Obama in as large numbers as to Romney. Corporations know that Romney will pander to them at the expense of the American people and that is where they will put their money. I do believe this election can be bought now that there are no limits to prevent it.
Simple gamesmanship. If you tell your voters you have one billion lined up in donations they will sit on their checkbooks. Corporations will donate equal amounts to both sides. Can't have influence if you don't donate.
Thomas Sowell: There are no solutions, just trade-offs.
