According to political strategist Mike Baker, it’s not known exactly how much money Obama for America has in the bank, however the Obama team claimed it had about $100 million in the bank compared to the Romney campaign’s $160 million.
“In 2011, Obama’s sycophants in the news media and college campuses predicted their candidate would raise a phenomenal amount of cash. But that was then and this is 2012 and voters see a president attempting to win re-election by using class warfare, fear, divisiveness, and near lawlessness. Who wants to fund that kind of campaign except diehard leftists, labor unions, and malcontents?” asks Baker.
He points to just one news story out of many: an analysis by Reuters on April 4, 2011, that was carried by hundreds of newspapers throughout the world. The article quotes one of Obama’s biggest supporters: “In 2008, he was very much an insurgent candidate, somebody from out of nowhere with a wholly different story. And the Obama campaign was as much a crusade as it was a traditional campaign for president,” said Christopher Arterton, a professor of political management at George Washington University who has also been a Democratic consultant.
The same news story states: This time, the former Illinois senator is no longer the fresh political face seeking to become the first black U.S. president. His 2012 campaign will be a bigger, slicker machine likely to dwarf that of his eventual Republican opponent.