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Week of September 14, 2008 - September 20, 2008

Despite record month, Obama needs more cash


Some commenters were dismissive of the New York Times article I posted on this issue Sept. 9.

Time to wake up,  it's true. He needs to continue to "break records." This crowing about "breaking records" is not conducive to helping him win. The more that is given without begging for it, the more time and money they have to campaign:
"Despite record month, Obama needs more cash" by Jeanne Cummings, Sept 14 @ Politico.com:

Barack Obama's $66 million haul in August donations may set records but it's only a down payment on the huge sums the Democratic nominee must continue to collect in order to compete through the Nov. 4 election.

...Those complex dynamics are likely to put additional pressure on Obama and his financing team. The enormity of the task is already fraying nerves in Chicago and eating into the Illinois senator’s campaign time as the campaign combs the country for both small and big donations.

“It’s a logistically challenging fundraising environment they face, because time is not on their side and their goals are so ambitious,” said Anthony Corrado, an expert on money and politics. “Do the math. They have to raise about $3 million a day” to reach an estimated target of about $200 million, he added.

....Tuesday, Obama is scheduled to be in Beverly Hills, a Zip code that is home to plenty of Democratic money but in a state whose electoral votes he already has in the bag. Money raised will go to the Democratic National Committee and his own campaign.

Tuesday, Obama is scheduled to be in Beverly Hills, a Zip code that is home to plenty of Democratic money but in a state whose electoral votes he already has in the bag. Money raised will go to the Democratic National Committee and his own campaign.

Obama has taken on a extraordinary burden that is complicated by his unprecedented ground game strategy for the fall and the late close to the primary season.

In July, Obama spent $57 million — more than any prior month and more than the $51 million he collected that month. A large chunk of that cash went to the salaries of his expanding field operation...
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Lamont

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