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With $70 Million Raised, Can Obama Call Himself an Underdog?

Poll numbers may be bleak but Obama still can bring in the dough

October 13, 2011 RSS Feed Print

In the 2008 election cycle, a black, first-term senator with the middle name of Hussein fit comfortably in the category of "underdog. " Yet, Barack Obama topped former first lady and Sen. Hillary Clinton in the Democratic primary and defeated "maverick" and longtime Sen. John McCain for the presidency. Now, campaigning from the White House, President Obama puts is trying to claim the "underdog" label again for 2012.

[Check out our editorial cartoons on President Obama.]

"I don't mind it. I'm used to being the underdog," Obama told an interviewer who asked about his against-the-odds position for a second term. Poll numbers suggest his re-election will be a hard fight; his approval rating sits at 41 percent according to a recent Quinnipiac poll. Also worrisome for the Obama 2012 camp is that only 32 percent of Americans approve of his handling of the economy. As the saying goes, "It’s the economy, stupid," and that is just the platform Bill Clinton used to beat incumbent George H.W. Bush in 1992.

But recently released fundraising numbers show that Obama, poll numbers aside, still commands support. In 2011’s third quarter alone, Obama raised a combined $70 million for his 2012 campaign and the Democratic National Committee, exceeding a target of $55 million. His Republican challengers have yet to raise more than $20 million in a single quarter. Still, Obama campaign officials and allies are playing up the fact that donors giving less than $250 made up 98 percent of the contributors in the quarter, reckoning back to the grassroots energy of 2008. However, now that voters have seen him in office (and most of them are disappointed), can a grassroots, come-from-behind strategy really work again for Obama?

What do you think? Can Obama really call himself an underdog? Take the poll and comment below.

Can Obama really call himself an underdog?

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Previously: Is Herman Cain's 9-9-9 Plan a Good Idea?

Tags:
2012 presidential election,
Obama administration

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Republicans no longer try to disguise their contempt for the working class.

Money was not given to unions in the stimulus. Workers were paid for their hard work, educating our children, responding to emergency calls, etc. Local and state governments were not prepared for the drastic decline in revenue and this was one way to stem the tide of horrific job losses we were suffering under Bush. Google "bikini graph" and take a look at what was going on. Putting all those people on unemployment at that time would have been devastating to the economy.

Interesting that the working class is a relatively small player in campaign financing but the wealthy begrudge working people even a small say in government. The more plutocratic we become the more we will resemble a 3rd world economy.

Thirty four percent of the stimulus was for middle class tax relief. We may not see again anything intended to help ordinary working people as the wealthy and corporations command complete control of our government.

Steve of FL 10:18AM October 14, 2011

"Obama raised a combined $70 million for his 2012 campaign"

The origion of Obama's "campaign funds" will be watched and scrutinized at maximum levels THIS TIME ...and rightfully so!

"Fully one-third of the $820 billion 'Stimulus One' package passed almost entirely with Democratic votes in 2009 was aid to state and local governments. This was intended to keep state and local public employee union members — much more numerous than federal employees — on the job and to keep taxpayer-funded union dues pouring into public employee union treasuries."

http://unionwatch.org/union-watch-highlights-42/

One third of our hard-earned 820 billion tax dollars is one 'ellova chunk of change to give to the Labor Unions and I fully suspect Obama will retrieve much of that back in the form of "campaign contributions" (...remember the "Ohio Kickback" and the "Louisiana Purchase", RE: the passage of Obamacare?)

Even though you do not support Obama in the 2012 elections, YOU ALREADY HAVE ....and he says, "Thank You"!

How do you like THEM apples?

Haberdashery of ID 8:37AM October 14, 2011

Citizens United will mean that Obama will never be able to match corporate spending.

Right now Obama is an underdog and current money raising does not change that. If he is an underdog for the election, he is in a totally nonwinnable position when it comes to money. Karl Rove is likely to outspend him alone.

Steve of FL 4:45PM October 13, 2011

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