Downgrading Expectations: Obama Expects Modest Fundraising Quarter

◼ Democratic officials insist that Obama’s fundraisers have been sold out, suggesting that the issue is one of priorities and capacity and not enthusiasm. - National Journal

Obama’s campaign manager, Jim Messina, has said publicly that the president will not raise $1 billion, contrary to press reports. Privately, members of Obama’s national finance committee expect to raise about the same amount of money as they did in 2008.