Just like Obama manages our tax money he is wasting his campaign money

Obama's Big Campaign Spending Creating Worries Among Democrats
Sunday, 05 Aug 2012 10:01 AM

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inShare inShare0 President Obama is burning through more campaign cash than any incumbent in recent times in what political observers say is an unprecedented effort to seize momentum with major investments in a ground game based on personnel, field offices and high-tech infrastructure.

But that cash advantage is evaporating, and Obama could be in dire straits in the home stretch after Labor Day. Mitt Romney and the Republican National Committee have about $25 million more cash on hand than the Democrats as of the beginning of July.

Since January, Democrats have spent almost $50 million subsidizing Democratic state parties to hire workers, pay for cellphones and update voter lists, The New York Times reports. Tens of millions have been put into polling, online advertising and software development to turn Mr. Obama’s fallow volunteers corps into a grass-roots army.

In total, the price tag comes to some $400 million from the beginning of last year to June 30 this year. That includes $86 million spent on advertising.

Obama spent about $70.8 million in June alone, more than half on advertising and far more than he raised. His advisers have had to schedule more fund-raising trips than originally planned to big-money states like New York, according to donors involved in the effort. The super PAC supporting his campaign, Priorities USA Action, is enlisting former President Bill Clinton as a rainmaker, hoping to counter its conservative counterparts.

“There is a lot of worry that Romney’s folks are raising so much more,” one of Obama’s top fund-raisers told the Times.“I just don’t think there’s a lot of high-dollar money left on the table.”

Republicans insist that Mr. Obama will rue his spending.

“Heading into the final laps of the campaign, the Democrats will regret squandering so much of their haul early in the cycle on massive monthly overhead,” said Sean M. Spicer, a spokesman for the R.N.C.

Read more on Newsmax.com : Obama's Big Campaign Spending Creating Worries Among Democrats
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No one ever thought the democrats would have as much money and the rich republicans would spend.

Duh!

Bull Crap wrote:

No one ever thought the democrats would have as much money and the rich republicans would spend.
Duh!

I said the Demorats were stupid and you proved it with that silly statment.

John wrote:

<quoted text>
I said the Demorats were stupid and you proved it with that silly statment.

I said the republicans were gay and you proved it with that silly statment.

Oh Yes wrote:

<quoted text>I said the republicans were gay and you proved it with that silly statment.

if repubs are gay Obama say hooray he loves us

CBO recently did a study which showed 90% of the debt attributed to Obama was actually accumulated by GW Bush. GW Bush set records for borrowing and spending during his 8 years. He even outspent free wheelin Ronnie Reagan.

teddy bonkers wrote:

CBO recently did a study which showed 90% of the debt attributed to Obama was actually accumulated by GW Bush. GW Bush set records for borrowing and spending during his 8 years. He even outspent free wheelin Ronnie Reagan.

You're right, but just watch how quick this topic dies when the numbers are posted. LOL

Fiscal 2009 began Oct. 1, 2008. That was before Obama was elected, and nearly four months before he took office on Jan. 20, 2009.
President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).
On Jan. 7, 2009 — two weeks before Obama took office — the nonpartisan Congressional Budget Office issued its regular budget outlook, stating:“CBO projects that the deficit this year will total $1.2 trillion.”
CBO attributed the rapid rise in spending to the bank bailout and the federal takeover of Fannie Mae and Freddie Mac – plus rising costs for unemployment insurance and other factors driven by the collapsing economy (which shed 818,000 jobs in January alone).
Another factor beyond Obama’s control was an automatic 5.8 percent cost of living increase announced in October 2008 and given to Social Security beneficiaries in January 2009. It was the largest since 1982. Social Security spending alone rose $66 billion in fiscal 2009, and Medicare spending, driven by rising medical costs, rose $39 billion. And while Bush had signed full-year appropriations for the Pentagon, the Department of Homeland Security and veterans programs, he had left the remainder of government agencies that need annual appropriations funded only through March 2009.

Read more by clicking the link below.
http://www.factcheck.org/2012/06/obamas-spend...

Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.

Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher, a turnaround of $11.7 trillion. Of this total, the C.B.O. attributes 72 percent to legislated tax cuts and spending increases, 27 percent to economic and technical factors. Of the latter, 56 percent occurred from 2009 to 2011.

Republicans would have us believe that somehow we could have avoided the recession and balanced the budget since 2009 if only they had been in charge. This would be a neat trick considering that the recession began in December 2007, according to the National Bureau of Economic Research.

They would also have us believe that all of the increase in debt resulted solely from higher spending, nothing from lower revenues caused by tax cuts. And they continually imply that one of the least popular spending increases of recent years, the Troubled Asset Relief Program, was an Obama administration program, when in fact it was a Bush administration initiative proposed by the Treasury Department that was signed into law by Mr. Bush on Oct. 3, 2008.

Lastly, Republicans continue to insist that tax cuts are highly stimulative, often saying that they add nothing to the debt, when this is obviously ridiculous.

Conversely, they are adamant that tax increases must not be part of any deficit-reduction package because they never reduce deficits and instead are spent. This is also ridiculous, as the experience of the Clinton administration clearly shows. The new C.B.O. data confirm these facts.

Still trying to blame Bush! I guess GWB sent a trillion dollars to all the bankers, mortgage companies, car companies and anybody else that held out their hand--right!! Another 2 pages of tripe designed to cover up the fact that Odummy has bankrupted this country! It ain't gonna work!

UnHuh wrote:

Still trying to blame Bush! I guess GWB sent a trillion dollars to all the bankers, mortgage companies, car companies and anybody else that held out their hand--right!!

Well, yes as a matter of fact he did.

Oh Yeah wrote:

<quoted text>
President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).

http://www.factcheck.org/2012/06/obamas-spend...

And it is all PUBLIC RECORD, nothing you can do to hide it. If you believe otherwise your just ignorant of the facts. Sure republicans have tried to blame it on Obama, but check the dates and see for yourself if you're smart enough. Quit being led by the nose by the ultra-rich republicans and do your own thinking!