MyDD :: Obama: Amazing Money Machine

Obama: Amazing Money Machine

by MissVA, Fri May 16, 2008 at 10:38:27 AM EST

The accolade and respect for the Obama campaign is just starting.....
If he has run this amazing campaign. Imagine what he can do as president.

The Atlantic Magazine's story on Obama's fundraising prowess.:

''The story of Obama's success is very much a story about money. It provided his initial credibility. It paid for his impressive campaign operation. It allowed him first to compete with, and then to overwhelm, the most powerful Democratic family in a generation--one that understood the power of money in politics and commanded a network of wealthy donors that has financed the Democratic Party for years''.

......and

''Obama is a gifted politician by anyone's measure, but what distinguishes him from earlier insurgents is his ability to fully harness the excitement that his candidacy has created, in votes and in dollars. Three forces had to come together for this to happen: the effect of campaign-finance laws in broadening the number and types of people who fund the political process; the emergence of Northern California as one of the biggest sources of Democratic money; and the recognition by a few Silicon Valley entrepreneurs and venture capitalists that the technology and business practices they had developed in their day jobs could have a transformative effect on national politics''.

In the future when political campaign's are studied. Obama's will be the case study on how it should be done.

http://www.theatlantic.com/doc/200806/ob ama-finance

Tags: Obama, Finance, Fundraising (all tags)

Permalink :: 23 Comments :: Post a Comment

Re: Obama: Amazing Money Machine (2.00 / 2)

That is really an impressive article, though I anticipate Obama will be attacked by some people for putting together such a well oiled machine.

John McCain wants to make abortion illegal

by Lost Thought on Fri May 16, 2008 at 10:46:16 AM EST

What are the donors getting in return? (none / 0)

Good will?

http://www.thisamericanlife.org/Radio_Ep isode.aspx?sched=1242
Confused by the 'Bailout' Lies?
Listen to NPR's The Giant Pool of Money

by architek on Fri May 16, 2008 at 02:49:20 PM EST
[ Parent ]

What's that sound? (2.00 / 1)

It is the sound of incoming shells from Hillary's front line. Duck and Cover!

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

by jsfox on Fri May 16, 2008 at 10:47:19 AM EST

Re: Obama: Amazing Money Machine (none / 0)

Why does this praise remind me of Enron? As a Financial Controller, I'd like an audit, please.

by ellend818 on Fri May 16, 2008 at 10:55:37 AM EST

Audit (none / 0)

http://opensecrets.org/pres08/summary.ph p?cid=N00009638&cycle=2008

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

by jsfox on Fri May 16, 2008 at 10:59:27 AM EST
[ Parent ]

I don't think you know much about Enron (none / 0)

because that analogy is inapposite. Campaigns can't mark to market or sell off subsidiaries to shell companies and record it as revenue.

by JJE on Fri May 16, 2008 at 11:04:14 AM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

Doesn't your nominee have kid's bicycles to pawn?

should we go outside? / should we break some bread? / are you'nterested?

by Firewall on Fri May 16, 2008 at 11:18:15 AM EST
[ Parent ]

Interesting how they never...answer the question.. (none / 0)

ever

http://www.thisamericanlife.org/Radio_Ep isode.aspx?sched=1242
Confused by the 'Bailout' Lies?
Listen to NPR's The Giant Pool of Money

by architek on Fri May 16, 2008 at 02:50:25 PM EST
[ Parent ]

From a diary in dKos a few hours ago (none / 0)

http://www.dailykos.com/story/2008/5/16/ 4414/77913

A couple of excerpts from a letter the diarist got from John McCain...

The Democrats are building the most massive political fundraising machine in modern history. They are growing their mailing lists and phone banks, perfecting their technologies, developing their money-raising techniques -- from telephones to text-messaging to mail to the Internet to knocking on doors. And it is working.

No one knows when the contest between Senator Clinton and Senator Obama will end - but it is clear that the moment it does, the full focus and power of the Democrats' relentless and battle-tested fundraising machine will be turned toward one target: Defeating me.

by Fairy Tale on Fri May 16, 2008 at 10:59:12 AM EST

Re: Obama: Amazing Money Machine (none / 0)

Its hardly impressive.

Kids are donating to his campaign, Ron Paul raised $20mn online in one day with no exposure.

You see, we trust these young folks, with their mountain of student debt, to donate $$$ to his campaign, and then he complains about student debt.

by Jaz on Fri May 16, 2008 at 10:59:40 AM EST

Re: Obama: Amazing Money Machine (none / 0)

And what evidence do you have to support your contention that Obama's money is mostly from students?

Did you say - NONE.....

We care about politics because we know politics matters for people's lives and opportunities.

by politicsmatters on Fri May 16, 2008 at 11:10:21 AM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

His biggest and best demographic is with the youth, exit poll after exit poll show this, it would be illogical to think this isn't the case in comparison to Hillary.

Ron Paul raised $20mn in 24 hours I believe. The fact is, that students are willing to give $20mn is a crazy right wing nut, they are more than crazy enough to give to Obama.

At some point, his "change" and "hope" rhetoric will die, probably in the same way Deval Patrick's did when in office.

by Jaz on Fri May 16, 2008 at 11:16:04 AM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

Voters and donors don't necessarily match up.

I rather doubt that most of Clinton's donations come from non-college educated women with incomes under $50,000.

We care about politics because we know politics matters for people's lives and opportunities.

by politicsmatters on Fri May 16, 2008 at 11:25:41 AM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

Good point!

Guess I HR'd someone that I shouldn't have (wish I knew who/how/why, but no admin will talk to me). Have a positive thought instead.

by Robert in WV on Fri May 16, 2008 at 01:34:11 PM EST
[ Parent ]

Barack Obama Inc:The birth of a Washington machine (none / 0)

http://www.harpers.org/archive/2006/11/0 081275

"On condition of anonymity, one Washington lobbyist I spoke with was willing to point out the obvious: that big donors would not be helping out Obama if they didn't see him as a "player." The lobbyist added: "What's the dollar value of a starry-eyed idealist?""

http://www.thisamericanlife.org/Radio_Ep isode.aspx?sched=1242
Confused by the 'Bailout' Lies?
Listen to NPR's The Giant Pool of Money

by architek on Fri May 16, 2008 at 02:52:49 PM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

Whats with clinton supporters being so against young people having a equal say as those over 60 in our party for the first time ever? We should be celebrating the fact 21 year olds are as engaged and as in control of the party's future as 60 year olds.

by Cheebs on Fri May 16, 2008 at 11:13:14 AM EST
[ Parent ]

Re: Obama: Amazing Money Machine (none / 0)

I'm 20.

The difference is that people are 20 are too naive and believe politicians spewing a load of nonsense, like Ron Paul, and to an extent Barack Obama about "freedom" "hope" "change".

Stark reailty, for most people only kicks in after 35.

Nowadays, there is also a much greater ease of use of credit/debit cards for the youth on the internet, almost all the below 40's know how to use the internet and do online shopping, unlike those nearer to 60.

Essentially it's a demographic problem, that McCain will have also.

by Jaz on Fri May 16, 2008 at 11:18:35 AM EST
[ Parent ]

Just curious here (none / 0)

How do you KNOW that Hillary is not