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Title: Obama Poised for Huge Cash Edge
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URL Source: http://abcnews.go.com/Politics/Vote2008/story?id=5207140&page=1
Published: Jun 19, 2008
Author: Rick Klein
Post Date: 2008-06-19 23:12:21 by christine
Keywords: None
Views: 190
Comments: 19
Sen. Barack Obama's decision to forgo public financing for his presidential campaign clears the way for him to outspend Sen. John McCain by 3-to-1 or substantially more in the general election, a financial edge that dramatically rewrites the playbooks for both candidates. The skies the limit in terms of campaign cash for Sen. Barack Obama, who announced he is eschewing public financing. Sen. John McCain, who is accepting public financing, will be limited in his spending ability. (ABC News Photo Illustration)With the possibility of spending perhaps $500 million just in the final two months of the campaign, Obama will be the first major-party candidate to enjoy a spending edge in the general election in more than 30 years. The comparison with the consistently cash-strapped McCain campaign could hardly be more stark. "It'll be like George Steinbrenner's Yankees in the '90s — an All-Star at every position — against the '90s Kansas City Royals, barely able to meet their payroll," said Chris Lehane, a Democratic consultant who worked for Al Gore in 2000 and John Kerry in 2004. Though Obama risks a short-term political backlash by seeming to go back on his word, Democratic and Republican strategists say most campaigns would take such a hit in exchange for the unprecedented cash advantage he'll derive. McCain said Thursday he will accept public financing, meaning he'll be limited to spending only $84.1 million in the critical window between the Republican National Convention and Election Day. He'll be forced to lean more heavily on the Republican National Committee and outside groups that he cannot legally coordinate spending decisions with. In that same time period, Obama will continue to be free to raise and spend unlimited amounts — with advertising specialists and party insiders projecting that he will bring in hundreds of millions of dollars, utilizing and expanding on the most efficient fundraising operation in American political history. "He's going to be able to raise almost unimaginable amount of money," said Tad Devine, a Democratic strategist who was a top adviser in the Gore and Kerry campaigns. "This is an incredible advantage for him and his campaign. He'll be able to dictate the terms of this election."
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#1. To: christine (#0)
Isn't this the goofy campaign reform legislation he pushed forward? How fitting that he gets hung with his own "reform." Up his; hail O'Bongo!
"He's going to be able to raise almost unimaginable amount of money," said Tad Devine, a Democratic strategist who was a top adviser in the Gore and Kerry campaigns. "This is an incredible advantage for him and his campaign. He'll be able to dictate the terms of this election." Mom and Pop Black are going to have to dig deep for another $500 million.
Years ago when "taxpayer financing " for elections was sold to the public, do you recall it was done so that "poor" average Americans could run for President????? The ruling elite win every time.
I'm not a fan of Obama, I don't really have any expectations of him whatsoever. But one thing I do want to see in this next election: I want to see the Republican party absolutely, totally, utterly CRUSHED and HUMILIATED and BEATEN and BROKEN. I want to see that party suffer such complete, total, utter defeat at the polls that they end up becoming non-viable and fold. At this point in time I just flat out despise the Republicans.
McCain said Thursday he will accept public financing, meaning he'll be limited to spending only $84.1 million in the critical window between the Republican National Convention and Election Day.
#2. To: christine (#0)
In that same time period, Obama will continue to be free to raise and spend unlimited amounts — with advertising specialists and party insiders projecting that he will bring in hundreds of millions of dollars, utilizing and expanding on the most efficient fundraising operation in American political history.
#3. To: Jethro Tull (#1)
#4. To: Jethro Tull (#1)
 | Gold and silver are REAL money, paper is but a promise. |
#5. To: Elliott Jackalope (#4)
I would prefer to see the "government" fall.
#6. To: Cynicom (#3)
Your no nonsense point of view is always appreciated by me.
"Satan / Cheney in "08" 
#7. To: tom007 (#6)
Thank you Sir. Being uneducated, I had the great fortune of having three much older mentors that all harped on the same theme, cut to the chase, never mind the flowery prose and think in the same way.
Your no nonsense point of view is always appreciated by me.
#8. To: Elliott Jackalope (#4)
no way is it ever going to fold...this is the good cop/bad cop charade we get treated to every 4 or 8 years. after clinton, it was democrats bad. republicans good. this time around, it's democrats good. republicans bad.
I want to see that party suffer such complete, total, utter defeat at the polls that they end up becoming non-viable and fold.
#9. To: Elliott Jackalope (#4)
It couldn't happen to a more deserving pack of scumpigs.....however.....they won't be going the way of the Whigs. They'll assume the role they're best at - obstruction. Lets assume O wins, he will inherit a mess and in 4 years, things might not be better. I've heard it said McCain is just what the Rs need this cycle; a sacrificial lamb. Bush so eff'ed things up, God almighty couldn't win under the R banner. And w/Obama comes new domestic spending, hate speech legislation, further erosion of our 2nd and the same open borders McCain will offer. So, in the end, we're left with one national party with two entrants. Neither is acceptable. Neither is for America first.
#10. To: Elliott Jackalope (#4)
I'd love to see it to. If for no other reason than to shove in the "R"s faces that gee, looks like they needed the votes of those 'one issue' pro-freedom anti-government kooks after all. I doubt it will happen. The show can't go on without the main actors. After 4, and in my opinion it will be 8, years of "D" screw ups, the sheeple will run back to the "R" party again just like they're voting "D" now to stick it to the other party. Back and forth, back and forth. It's a good stress release, but it doesn't work when there is only one party. The USSR learned that the hard way.
But one thing I do want to see in this next election: I want to see the Republican party absolutely, totally, utterly CRUSHED and HUMILIATED and BEATEN and BROKEN. I want to see that party suffer such complete, total, utter defeat at the polls that they end up becoming non-viable and fold.
"The more I see of life, the less I fear death." - Me.
"If violence solved nothing, then weapons technology would have never advanced past crude clubs and rocks." - Me.
#11. To: tom007 (#6)
Being a "common" man, whatever that is, I have never been able to understand the thirst for power, position and wealth as exhibited by some men. I have discussed it at length with many knowledgeable people and no one has ever ventured what it is that creates that drive. This election has become obscene with millions of dollars being wagered by three or two people that are not qualified for the office. Are they really the best to offer from 300 million people?
#12. To: Pissed Off Janitor (#10)
Back and forth, back and forth. great minds think alike. did you see my post?
The show can't go on without the main actors. After 4, and in my opinion it will be 8, years of "D" screw ups, the sheeple will run back to the "R" party again just like they're voting "D" now to stick it to the other party.
#13. To: christine (#12)
I did. Sometimes you do post more than one line. Things are looking up for you.
did you see my post?
#14. To: Jethro Tull, christine (#9)
It is going to be interesting to see what price Obama had to pay Clinton, besides the money.
#15. To: Cynicom (#14)
Good question. What's the going market rate for a soul anyhow?
It is going to be interesting to see what price Obama had to pay Clinton, besides the money.
| Gold and silver are REAL money, paper is but a promise. |
#16. To: Elliott Jackalope (#15)
I am one that has studied the nuts and bolts of elections for many years, one that analyzes the work of the bean counters and the shifty work of the ones in the back rooms. With that in mind, I said race and gender would skew the race from day one, that was correct, but was pathetic in that most of us missed the unlimited money factor that came with Obama. Particularly this was a non agenda item as one viewed the voting base for Obama. To my mind it also never was a factor for the Clintons. When Clinton stalwarts started turning on them in numbers, it was an indication that big time money and power was in play. The Clintons have not and will not go quietly into the night.
What's the going market rate for a soul anyhow?
#17. To: christine (#0)
And just who exactly is donating all this cash and what is expected in return? It's not all coming from Joe Blow on the street, he doesn't have that kind of money to throw around right now.
With the possibility of spending perhaps $500 million just in the final two months of the campaign...........
Bush: Worst President Ever
#18. To: justlurking (#17) (Edited)
Let's think think think... a. must be a Dem voter b. is politically involved c. is issue focused d. has enough money to make contributions to candidates I think it's black teen gang members, dear Watson, it's patently clear.
And just who exactly is donating all this cash and what is expected in return? It's not all coming from Joe Blow on the street, he doesn't have that kind of money to throw around right now.
#19. To: justlurking (#17)
I was thinking that there probably isn't a less productive way to waste 500 million dollars than on a campaign. At least if you stuffed that much cash into a furnace you get some heat out of it. I thought it was a typo when I saw that number the first time.
Rivers of blood were spilled out over land that, in normal times, not even the poorest Arab would have worried his head over." Field Marshal Erwin Rommel
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