Monday, February 20, 2012

Pro-Obama super PAC a bust in January fundraising

The big-money vehicle intended to raise astronomical sums to serve as the Democratic counter to similar action by Republican-funded super PACs and outside groups is failing miserably, federal documents filed Monday showed. - Luke Rosiak/The Washington Times

That desperate financial situation explains a change of course by Mr. Obama earlier this month that drew criticism as hypocritical from officials of both parties and campaign-finance watchdogs. Mr. Obama frequent speaks of the ills of “big money” in politics, especially the little-regulated super PACs, even to the point of dressing down the Supreme Court justices present for his State of the Union speech over the Citizens United decision that made super PACs possible.

...The presidential campaign of former Louisiana Gov. Buddy Roemer, who has yet to meet the criteria to appear in any of the numerous Republican presidential debates, also raised about the same amount of money as the pro-Obama super PAC.