Tag Archives: Barack Obama

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Santorum leading Romney among women and independents in Florida

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From the Weekly Standard.

Excerpt:

In the biggest prize among November’s swing states, the latest Rasmussen poll of likely voters shows Rick Santorum faring slightly better than Mitt Romney versus President Obama. In Florida, Santorum trails Obama by 2 percentage points (45 to 43 percent), while Romney trails Obama by 3 points (46 to 43 percent). Florida, by far the largest swing state, now has as many electoral votes as the state of New York (29).

Interestingly, Santorum is faring better than Romney among women in the Sunshine State. Among women, Santorum trails Obama by 11 points (52 to 41 percent), while Romney trails Obama by 13 points (53 to 40 percent). Santorum is also faring better than Romney among independents and among likely voters who make close to the median income. Among independents, Santorum trails Obama by 19 points (50 to 31 percent), while Romney trails Obama by 24 points (55 to 31 percent). Among those making between $40,000 and $60,000, Santorum leads Obama by 4 points (49 to 45 percent), while Romney trails Obama by 3 points (50 to 47 percent).

With 24 states still to come in the GOP race, Romney needs to win about half of the remaining delegates (48.2 percent) to reach the tally of 1,144 delegates necessary to win the Republican nomination.

I notice that the mainstream media, including Fox News, seem to be incapable of telling the truth about Santorum and Romney. Romney is a weak candidate, and he is only competitive with Santorum because he is burning through millions of dollars to pay for television ads. It’s not sustainable.

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Obama is spending more on his campaign than he is collecting from donors

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From the Wall Street Journal.

Excerpt:

Last July, President Obama’s campaign announced that it had raised an average of $29 million in each of the previous three months for itself and the Democratic National Committee (DNC)… well below the $50 million a month needed to reach the campaign’s goal of a $1 billion war chest for the 2012 race.

[…]Through January, the president has raised an average of $24 million a month for his campaign and the DNC. Next week, the Obama campaign will release its February numbers, but the president is on track to be hundreds of millions of dollars shy of his original goal.

It’s not for lack of trying. Mr. Obama has already attended 103 fund-raisers, roughly one every three days since he kicked off his campaign last April (twice his predecessor’s pace).

The president faces other fund-raising challenges. For one, there are only so many times any candidate can go to New York or Hollywood or San Francisco for a $1 million fund-raiser. Team Obama is running through its easy money venues quickly.

For another, many of Mr. Obama’s 2008 donors are reluctant to give again. The Obama campaign itself reported that fewer than 7% of 2008 donors renewed their support in the first quarter of his re-election campaign. That’s about one-quarter to one-third of a typical renewal rate: In the first quarter of the Bush re-election campaign, for example, about 20% of the donors renewed their support.

[…]The final financial challenge facing Mr. Obama’s campaign is how fast it is burning through the cash it is raising. Compare the 2012 Obama re-election campaign with the 2004 Bush re-election campaign. Mr. Obama’s campaign spent 25% of what it raised in the second quarter of 2011, while Mr. Bush’s campaign spent only 9% in the second quarter of 2003. In the third quarter it was 46% for Obama versus 26% for Bush; for the fourth quarter it was 57% versus 40%. In January 2012 the Obama campaign spent 158% of what it raised, while the Bush campaign spent 60% in January 2004.

At the end of January, Team Obama had $91.7 million in cash in its coffers and those of the DNC. At the same point in 2004, the Bush campaign and Republican National Committee had $122 million in cash combined.

Compare that with Rick Santorum who is running a very frugal campaign which spends less and focuses instead on meeting with voters face-to-face. I find it surprising that Obama is struggling to find donors, though, given the amount of taxpayer money and favors that he’s favored his campaign fundraisers and “bundlers” with – e.g. government grants, political appointments, Wall Street bailouts, Obamacare waivers for unions, etc. Maybe even Democrats realize that buying votes while running the country into debt is not sustainable.

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CBO: Obamacare cost is $1760 billion, not $940 billion that Obama claimed

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From the Washington Examiner. (H/T Doug)

Excerpt:

President Obama’s national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO’s standard ten-year budget window and, at least on paper, meet Obama’s pledge that the legislation would cost “around $900 billion over 10 years.” When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law’s core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That’s because we now have estimates for Obamacare’s first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn’t overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we’re likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.

When health care costs rise, it’s important to know what causes it, so we cast the blame on the right people, and pursue the right solution: repeal Obamacare.