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In the wake of Barack Obama’s recent decision to reject public financing for the general election, Karl Rove (remember him?) argues in a piece in today’s Wall Street Journal that Obama’s fundraising prowess has been a bit oversold.
Really? Obama, of course, has mastered the use of the Internet as no other politician before him, raising a boatload of cash in small contributions. His operation has transformed the way campaigns, as least Democrats, will raise money going forward.
Rove points out, though, that his battle with Hillary Clinton was costly. His most interesting point: To date, Obama and the Democratic National Committee combined actually have less money to spend at the moment than John McCain and the Republican National Committee.
--Sean Mussenden
Really? Obama, of course, has mastered the use of the Internet as no other politician before him, raising a boatload of cash in small contributions. His operation has transformed the way campaigns, as least Democrats, will raise money going forward.
Rove points out, though, that his battle with Hillary Clinton was costly. His most interesting point: To date, Obama and the Democratic National Committee combined actually have less money to spend at the moment than John McCain and the Republican National Committee.
--Sean Mussenden