Large Donors Reduce Their Support for the Obama Campaign

The re-election campaign of the Democratic president, Barack Obama, suffered a significant drop in contributions from big donors and depends a great deal on smaller contributions, affirmed by the daily newspaper The New York Times.

According to the newspaper, the drop, which was recorded in all areas of large contributors that supported the then-senator four years ago, means campaign collections are far below their peak levels in 2008.

The source adds that it has given rise to a “growing worry among his advisors and sympathizers,” as to the roots that the Republicans and their sympathizing parallel groups, known as “Super PACs,” can obtain and that they can collect money without the limitations that the law imposes on executive political officials.

Due to this, indicates the daily, Obama is obligated to depend more on the citizens on the ground level, whose small quantity donations have represented more than half of the money that the presidential campaign has collected by now. The newspaper also adds that pressure has increased for the large donors who have contributed to the campaign.

According to a quote from the newspaper, one of the primary collectors for the presidential campaign, who asked to remain anonymous “is feeling the pressure… They have gone behind of what they expected. One must count on the super PAC Republicans counting on more than $500 million.”

The Challenge in Coming Months

So far, the campaign has collected around $196 million as opposed to the $235 million four years ago.

This drop has been seen as balanced by higher collections for the Democratic Party, due in part to the higher number of rallies.

Obama has celebrated more than one hundred fundraisers in conjunction with the Democratic Party, more than George W. Bush participated in during his 2004 re-election campaign.

Thanks to that, and that he has not had to spend money on a costly season of primaries—unlike what happened with the Republicans, or in his 2008 campaign—his treasury adds up to close to double the funds that it did four years ago, $130 million.

The great challenge will be the next few months, noted The New York Times, which explains that to collect as much money as 2008, Obama’s campaign should pay close to $70 million per month, while this past March it paid $53 million.

These figures were publicized when the media pointed out that the official Republican candidate, Mitt Romney, in recent weeks has gotten closer to Obama in the polls. Some polls reveal a draw between the two, or even an advantage for the ex-governor of Massachusetts.