Karl Rove thinks the President might be having some fundraising trouble:
The president held six fundraising events each in California and New York. Even these two bastions of rich liberals have a finite amount of $2,500 donors. Mr. Obama is front-loading campaign cash and won’t regularly get this amount of big buck donations each quarter.
Even though at least $35 million (almost half the total Obama/DNC haul) can be credited to just 244 well-connected “bundlers,” Team Obama made a big thing of their 260,000 new small dollar donors. But that means only 292,000 donors from his last campaign have renewed their support for the re-elect so far. That’s just 6.6 percent of the 3.95 million people who donated to the ’08 Obama effort, only a quarter to a third of what most reelect campaigns could expect from renewal efforts at this point.
Perhaps there really is donor fatigue among the legions of stalwarts who put Mr. Obama in the White House the first time.
Still, $48.7 million last quarter — I know some Republicans who would love to have such trouble.