{"id":13645,"date":"2012-04-03T18:38:38","date_gmt":"2012-04-03T22:38:38","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13645"},"modified":"2012-04-03T18:38:38","modified_gmt":"2012-04-03T22:38:38","slug":"obamas-campaign-spending-also-unsustainable","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13645\/obamas-campaign-spending-also-unsustainable\/","title":{"rendered":"Obama&#8217;s Campaign Spending Also Unsustainable"},"content":{"rendered":"<p>The <a href=\"http:\/\/dailycaller.com\/2012\/04\/02\/obama-campaigns-lame-money-boast-may-underscore-larger-problem\/\" target=\"_blank\">Daily Caller<\/a> makes hilarious use of Karl Rove\u2019s analysis comparing the spending rates for the Bush and Obama reelection campaigns.<\/p>\n<blockquote><p>But there\u2019s plenty of evidence that the campaign isn\u2019t bringing in as much money as it wants.<\/p>\n<p>For example, data from the campaign\u2019s earlier quarterly reports to the Federal Election Commission show that Obama\u2019s spending is growing faster than revenues.<\/p>\n<p>\u201cThe Obama campaign\u2019s high burn rate doesn\u2019t come from large television buys, phone banks or mail programs that could be immediately stopped \u2026 [but] from huge fixed costs for a big staff and higher-than-expected fund-raising outlays,\u201d according to a March 14 article by Karl Rove, chief political strategist for George W. Bush.<\/p>\n<p>In the second quarter of 2011, Obama\u2019s \u201ccampaign spent 25% of what it raised\u2026 while Mr. Bush\u2019s campaign spent only 9% in the second quarter of 2003,\u201d Rove said. Since then, the spending pace has accelerated, he said, pointing out that in January \u201cthe Obama campaign spent 158% of what it raised, while the Bush campaign spent 60% in January 2004.\u201d<\/p>\n<p>Also, his supporters initially predicted a $1 billion reelection fund, but campaign staffers are quick to deny that is a goal.<\/p>\n<p>Rove argues that one reason the re-election campaign might be running lighter-than-expected on cash is that many of Obama\u2019s 2008 supporters are not opening their checkbooks this time around.<\/p><\/blockquote>\n<p>Spending growing faster than revenues (158%!).\u00a0 Huge fixed costs triggering obscene debt.\u00a0 An unsustainable burn rate.\u00a0 Grandiose predictions cratering on fiscal reality.\u00a0 Contributors unwilling or unable to pony up more cash.<\/p>\n<p>Whether it\u2019s managing the federal government or his own campaign, Barack Obama is as unbalanced with money as he is with policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Daily Caller makes hilarious use of Karl Rove\u2019s analysis comparing the spending rates for the Bush and Obama reelection campaigns. But there\u2019s plenty of evidence that the campaign isn\u2019t bringing in as much money as it wants. For example, data from the campaign\u2019s earlier quarterly reports to the Federal Election Commission show that Obama\u2019s [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2033,143,1193,491,3463,61],"class_list":["post-13645","post","type-post","status-publish","format-standard","hentry","category-posts","tag-2033","tag-barack-obama","tag-campaign","tag-george-w-bush","tag-karl-rove","tag-spending"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13645"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13645\/revisions"}],"predecessor-version":[{"id":13650,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13645\/revisions\/13650"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}