Conservative
Type 40
Obama raised 745 MILLION in the 2008 campaign.
Prediction: He will raise less than half that this time around.
Oh, I don't know. He raised 70 million in the last quarter, and 90 million quarter previously.
The more telling thing is that while Romney and Perry raised most of their money from big corporations and rich donors, 98% of donations came from small donors of $250.00 or less. Small donors are voters. Big donors, not so much.
Let's not forget that in the 2008 cycle, the Wall Street types dumped a lot of money in Guiliani's, Hillary and Romney's coffers, but they all failed to secure their nominations. Then McCain and Obama, guys Wall Street didn't like, found themselves the subject of all that love.
They'll hedge their bets by supporting both guys. It's the best argument for public campaign funding out there.
I am not opposed to this.