The news is filled with all these events going on with the campaign and the candidates but who is America’s top choice so far ? We can see that Obama is taking a big negative hit and Herman Cain is taking the lead. Obama is also taking a hit on wallstreet, against Romney. WHAT !? Which would you rather see in the White house next year?
Obama and Romney are head to head with campaign financing. Unfortunately for Obama, Romney is collecting/ raising more from firms on wall street that have given top donations towards campaigns and specifically Obama in 2008; he seems to be out of luck this year. This isn’t looking good for Obama at all. Obama’s getting hit hard because of the government regulation he tried to impose on large corporations., they obviously didn’t take that very well. There is a great imbalance of money being distributed amongst the candidates.
Nicholas Confessore and Griff Palmer write that The imbalance exists at large investment banks and hedge funds, private equity firms and commercial banks, according to a New York Times analysis of the firms that accounted for the most campaign contributions from the industry to Mr. Romney and Mr. Obama in 2008, based on data from the Federal Election Commission and the nonpartisan Center for Responsive Politics.
“Employees of Goldman Sachs, who in the 2008 campaign gave Mr. Obama over $1 million — more than donors from any other private employer in the country — have given him about $45,000 this year. Mr. Romney has raised about $350,000 from the firm’s employees. “
We can see there is a huge decrease in the money Obama is taking in for his campaign from the business/corporation sector. Other articles have shown him at the top as far as raising money, but where exactly is that money coming from?
Nicholas Confessore of the new york times writes that President Obama’s filings with the Federal Election Commission on Friday confirmed that he had he raised about $42 million for his campaign during the three-month period, far more than any of the Republican candidates are likely to report. And Mr. Obama reported having $61.4 million in cash on hand out of the roughly $100 million he has raised so far this year, a war chest that is likely to grow as the campaign progresses.
In comparison to the 14.7 million Romney raised and the 15 million Perry raised, Obama isn’t doing too bad. Word on the street is that the candidate with the most money wins the election. I guess we’ll have to wait and see to see how this one plays out.
Another question is which candidate is Obama most likely going to come up against? It seems as though Herman Cain is doing well, to the distress of many. With the comment he made about a fence that will electrocute people at the Mexican border and his phony 9-9-9 plan that he’s not even sure about himself, do we really want him to run America- (Texan accent) ... not to forgot his slurs about how black's and Latino's vote. Oh, Harmen !!
http://www.nytimes.com/2011/10/16/us/romney-perry-and-cain-open-wide-financial-lead-over-field.html?_r=1
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