...This lack of serious intra-party criticism encouraged the Obama political team to become lazy. The president relied too heavily on the unions, who were fighting rearguard actions to prevent common sense pension and benefit reforms. His unpopular policies—stimulus, healthcare—contributed to a steady decline in his approval ratings. He failed to expand the ranks of potential contributors. He failed to enact climate change legislation, angering the green lobby, but did sign the Dodd-Frank monstrosity into law, angering his friends on Wall Street. Other allies discovered that cronyism does not always pay.
As a result, Obama has found it more difficult to raise money. He has $140 million so far, suggesting that it will be hard for his campaign to match its 2008 numbers, much less its ridiculous rumored projection of $1 billion. The campaign has become more desperate as the money has dried up. You see it in the U-turn on Super PACs, which have gone from threatening democracy to being an integral part in the president’s reelection effort. You see it in the questionable characters that show up in the lists of Obama donors and bundlers: The two brothers of a Mexican fugitive; the former Democratic congressman and registered lobbyist who says he was never a lobbyist; a king of short sales connected to the call girl for client number nine; the founder of Def Jam Records; and Anna Wintour.
Moreover, what, exactly, is the president’s message? Obama ran on hope and change and an end to the war in Iraq in 2008. He pledged to reform health care and Wall Street and change the tone in Washington. But the geniuses in Chicago have yet to come up with a 2012 slogan that is anywhere near as intoxicating. “Obama 2012: It Could Be Worse” just won’t cut it. Nor will singing. Right now, the media are content to focus on Republican infighting. They are happy to assist Obama in the suggestion that Election Day 2012 will somehow decide the future of contraception in America. But there is a long way to go before the vote. And at some point voters are bound to wonder what a second Obama term will bring.
Declining fundraising, suspect supporters, and the absence of an affirmative message—these are all signs of a campaign that is nowhere as strong as we have been led to believe. They undermine the notion that the 2008 campaign was all that impressive to begin with. And they point to a fact that soon will be impossible to ignore: President Obama has gotten sloppy.
He is way behind on fundraising. That is why he changed his tune on the super pacs and will try to raise money that way too. His problem is that those are the same donors he is already hitting up and they may not see an advantage to giving more. Despite his advantage of incumbency, he burned too many of his previous donors with things like Dodd-Frank.
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