Tuesday, September 09, 2008

More Evidence That Obama Is Now Losing

Barack Obama, while his operatives on the internet and his allies in the press further attempt to trash Governor Sarah Palin, is beginning to get desperate about-of all things-money. The Messiah, who had hitherto broken all previous records during the course of this campaign for fundraising, is now concerned that his decision not to take public financing after saying that he would do so is going to backfire on him:

The signs of concern have become evident in recent weeks as early fund-raising totals have suggested that Mr. Obama’s decision to bypass public financing may not necessarily afford him the commanding financing advantage over Senator John McCain that many had originally predicted.

Presidential candidates in a general election have typically relied on two main sources of money: public financing, along with additional money their parties raise. In choosing to accept the public money, the McCain campaign now gets an $84 million cash infusion from the United States Treasury. Mr. McCain is barred from raising any more money for his own campaign coffers but can lean on money raised by the Republican National Committee, which has continued to exceed expectations.

What all of this means, of course, is that while Obama is out raising money to try and keep his massive campaign machine afloat, John McCain can concentrate exclusively on campaigning instead of fundraising. John McCain will get an infusion of cash from the federal Treasury and can take money from the Republican National Committee, the fundraising for which has been better than virtually anyone associated with the GOP expected.

Meanwhile, Gallup reports that John McCain maintains a steady five point nationally lead over Obama today. If that lead begins to increase beyond the five point margin, it will likely begin to impact the electoral map. The fact that McCain now has the support of 52% of independent voters, to 40% for Mr. Obama.

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