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Obama Outspent McCain 4 to 1 in First Half of Oct.

Updated 1:02 p.m.
By Matthew Mosk and Sarah Cohen
Sen. Barack Obama and the Democratic Party spent more than $100 million during the first two weeks of this month, four times more than rival Sen. John McCain and the Republican Party, according to new reports filed with the Federal Election Commission.

During the two-week period from Oct. 1 to Oct. 15, Obama spent more than $82 million on advertising.

The spending imbalance comes in the wake of a tidal wave of donations to Obama in September, during which he raised a record $150 million. As his focus has shifted toward campaigning this month, the flow of money has slowed somewhat -- Obama raised $37.7 million during the first two weeks of October. Obama and the Democrats together brought in a combined $72 million during that period.

McCain is no longer raising money -- he must campaign off of the $84 million infusion of public money he received Sept. 1. But the Republican National Committee and McCain's victory committees brought in about $15 million during that period.

At this stage of the campaign, McCain actually has slightly more money in the bank than Obama. McCain and the Republican Party have $104 million on hand, to Obama's $98 million.

But the damage from Obama's spending spree presumably has been done already -- those monitoring television spending say Obama has held a huge advertising advantage in recent weeks, and has likely booked most of his television time for the remainder of the campaign at this point -- and Obama also can continue raising funds, while McCain cannot.

Still, with less than two weeks to Election Day, there has been a major shift in focus inside the campaigns. For the most part, campaign officials are no longer as concerned about raising money as they are about making good use of every last dollar before the votes are tallied.

By Web Politics Editor  |  October 24, 2008; 12:24 PM ET
Categories:  B_Blog , Barack Obama , The Green Zone  
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Comments

PERCEPTION IS NOT NECESSARILY REALITY ... DON'T BELIEVE THE POLLS ...
Obama supporters act as if the polls are a true reflection of what's going to happen on November 4th. Obama has consistently tried to win each of his elections prior to a single vote being cast, by eliminating his opponenets on technicalities, or having the DNC dump Hillary, or by giving the false impression that he already won, before the election has even taken place. When you don't have an actual record to run on ... and all you can do is point out problems, and blame others, as Obama has, you have to rely on gimmicks that have nothing to do with your actual ability to lead ... like accusations of racism ad nauseam ... like early voting ...busing and indoctrinating homeless people on the way to the polls ... photo ops with big crowds ... spending 4 to 1 on advertising ... having the media in the tank ... having Hollywood in the tank, having Acorn in the tank ... and, having 98% of all black voters in the tank. But, all of these things are nothing more than a fabricated perception. They have nothing to do with a person's experience, or ability to lead. They just reveal a candidate who will say, or do anything to get elected. That's why the Obamabots are so worried. That's why Obama is telling his disciples not to get over confident. That's why the Obama campaign tries real hard to make it look like Obama has already won ... just like they did in the run against Hillary in the primaries. I happen to believe there are legions of people who are going to vote for McCain on November 4th ... unlike the 'in your face' Obama supporters, November 4th is when the McCain supporters will express themselves. A vote for Obama is a vote for voter fraud, corrupt media, and a road to socialism. Keep America safe and strong, elect McCain/Palin on November 4th.

Posted by: howard521 | October 26, 2008 4:53 PM | Report abuse

Bar Stool Economics 101
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,
it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day,
the owner threw them a curve.
'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20.
Drinks for the ten now cost just $80.
(So he reduced their bill in proportion to what they currently paid-)
'I only got a dollar out of the $20,'declared the sixth man.
He pointed to the tenth man,' but he got $10!'

'Yeah, that's right,' exclaimed the fifth man.
'I only saved a dollar, too. It's unfair that he got ten times more than I!'
'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible

Posted by: thecannula | October 25, 2008 2:07 PM | Report abuse

thecannula

Ashley Todd the twenty year old woman who had a reverse B on her right cheek that she claimed was "carved" into her face with a knife by a six foot four black assailant. By coincidence she is a campaign worker for John McCain and her assailant only bettered her when he found out she was a McCain supporter. He was a politically active criminal. If that sounds a little contrived and farfetched, that is because it is. She admitted today that the story was a fabrication.

Her story is no less a fabrication than thecannula's assertion that he is a business man.

He now wants us to believe that as a businessman that he will spend time talking about things for which he has no particular expertise. I could critique the ridiculousness of his proposition. If you are really interested in polls and polling accuracy I will refer the reader to:

http://www.fivethirtyeight.com/

There you will find that the chances of a McCain victory is in one in 25 or the kind of thing that occurs once a century.

The Republican Party has been led by a man who has put campaign further in the gutter than any candidate in the post Truman era. His supporters seem to have no integrity and are wont to dissemble and distort and in the case of Ashley commit a crime for their win at all cost attitude. It would seem to me just to get rid of this gutter mentality in politics that a vote against McCain even not for Obama would send a message how unwanted is their presence in the political system.

To win McCain must win all three of OH, FL and PA. Hold NC, MO, IN, and NV. He must reverse the trend that put Obama in the lead and do it in one fourth the time. Furthermore the financial crisis continues and no issue has captured the attention of the American people while this rages on.

Posted by: Gator-ron | October 24, 2008 5:45 PM | Report abuse

From- Investment News- the leading news source for investment advisors

Congress mulls major 401(k) changes
By Sara Hansard
October 7, 2008, 5:18 PM EST Post a Comment Recommend (252)


A wide range of sweeping changes to the 401(k) system were proposed Tuesday at a hearing on how the market crisis has devastated retirement savings plans.
Chief among them was eliminating $80 billion in tax savings for people enrolled in 401(k) retirement savings plans.

This was suggested by the chairman of the House Committee on Education and Labor.

“With respect to the 401(k), it appears to be a plan that is not really well-devised for the changes in the market,” Rep. George Miller, D-Calif., said.

“We’ve invested $80 billion into subsidizing this activity,” he said, referring to tax breaks allowed for 401(k) contributions and savings.

With savings rates going down, “what do we have to start to think about in Congress of whether or not we want to continue and invest that $80 billion for a policy that is not generating what we … say it should?” Mr. Miller said.

Congress should let workers trade their 401(k) assets for guaranteed retirement accounts made up of government bonds, suggested Teresa Ghilarducci, an economics professor at The New School for Social Research in New York.

When workers collected Social Security, the guaranteed retirement account would pay an inflation-adjusted annuity under her plan.

“The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks,” which goes to the highest-income earners, Ms. Ghilarducci said.

That simply results in transferring money from taxed savings accounts to untaxed accounts, she said.

“If we implement automatic [individual retirement accounts] or if we expand the 401(k) system, all we’re doing is adding to this inefficiency,” Ms. Ghilarducci said.

Rep. Robert Andrews, D-N.J., raised the issue of which investment advisers are allowed to offer workers investment advice.

The Department of Labor is considering “loopholes” that would allow advisers to offer “conflicted investment advice if the advisers work for subsidiaries of financial services companies that sell the investments,” he said.

With American workers facing $2 trillion in losses from retirement plans over the past year and Democrats expected to gain seats in the House and the Senate, actions being contemplated by the committee are an important harbinger of what could come out of Congress next year.

(Wonder if a Democratic Congress and White House could get this done? Can't do much about the former, But Can about the latter. Same plan was pushed through in Argentina!)

Posted by: thecannula | October 24, 2008 5:27 PM | Report abuse

Who will you support in 2012, take part in a national poll at http://www.skip08.com

See Mike Huckabee and Al Sharpton fight about Acorn http://www.huckabeeshow.com

Posted by: pastor123 | October 24, 2008 5:00 PM | Report abuse

Polltrack.com today-

If we drop out the Zogby survey--polling that has been erratic and out of sync with most other organizations--Obama's lead drops to 4.2%, 48.8% to 44.6%. Odder still, are the results of the IBD/TIPP daily tracking poll (worthy of notice, because TIPP was the most accurate pollster in 2004, predicting the outcome within a fraction of a percentage point): they show the race virtually dead even nationally. IBD/TIPP writes: "McCain has cut into Obama's lead for a second day and is now just 1.1 points behind. The spread was 3.7 Wednesday and 6.0 Tuesday. The Republican is making headway with middle- and working- class voters, and has surged 10 points in two days among those earning between $30,000 and $75,000. He has also gone from an 11-point deficit to a 9-point lead among Catholics."

Throw some more of The Palestinian's and Nadhmi Auchi's donations (Rezko's loan officer) at the Catholics Obama!!!

Posted by: thecannula | October 24, 2008 4:29 PM | Report abuse

Polltrack.com today-

If we drop out the Zogby survey--polling that has been erratic and out of sync with most other organizations--Obama's lead drops to 4.2%, 48.8% to 44.6%. Odder still, are the results of the IBD/TIPP daily tracking poll (worthy of notice, because TIPP was the most accurate pollster in 2004, predicting the outcome within a fraction of a percentage point): they show the race virtually dead even nationally. IBD/TIPP writes: "McCain has cut into Obama's lead for a second day and is now just 1.1 points behind. The spread was 3.7 Wednesday and 6.0 Tuesday. The Republican is making headway with middle- and working- class voters, and has surged 10 points in two days among those earning between $30,000 and $75,000. He has also gone from an 11-point deficit to a 9-point lead among Catholics."

Throw some more of The Palestinian's and Nadhmi Auchi's (Rezko's loan officer) at the Catholics Obama!!!

Posted by: thecannula | October 24, 2008 4:28 PM | Report abuse

The question then becomes, where is all of BHO's money coming from? Foreign countries? Criminals? They've apparently turned off security settings on their donations page, and they've received millions in questionable contributions from foreign countries, including Iran.

And, the MSM is willing to cover up for BHO, such as this NYT report:

http://24ahead.com/blog/archives/008216.html

Posted by: LonewackoDotCom | October 24, 2008 3:44 PM | Report abuse

JFK too.

Posted by: MarkInAustin | October 24, 2008 3:20 PM | Report abuse

MarkInAustin,

Don't forget about the Democratic party leader who was murdered.

Posted by: wes1155 | October 24, 2008 3:17 PM | Report abuse

wes1155, yes, it does look like another Tawana Brawley type of case. There have been other VERIFIED attacks though. A Republican committee chairman had his house shot up.

Posted by: MarkInAustin | October 24, 2008 3:13 PM | Report abuse

...Bachmann taping an apology for her stupidity.

...she is now trailing by several points in her re-election bid.

boohoo......no big loss.

Thanks for the seat fascist ditz.

:-)

Posted by: toritto | October 24, 2008 3:04 PM | Report abuse

So MarkInAustin,

Did you hear the Palin-McCain supporter in Pittsburgh who claimed to have been attacked by a robber who got angry about the Palin-McCain bumper sticker and "carved" a "B" on her face did it to herself and it was a hoax?

Sometimes it pays not to jerk the knee too quickly.

Posted by: wes1155 | October 24, 2008 2:50 PM | Report abuse

McCain is not qualified to be PRESIDENT!

This link gves the details.

http://muddythoughts.blogspot.com/2008/02/panmanchurian-candidate-mccain.html

Here's the short form.

1. The 14th Amendment and matching policy limit citizenship to either natural born or naturalized, but not both.
2. John McCain was born in 1936 in the Canal Zone to citizen parents.
3. 8 USC 1403(a) declares naturalized citizenship in 1952 on persons born in the Canal Zone to citizen parents.
4. Therefore, 8 USC 1403(a) applies to John McCain at age 16.
5. Therefore, John McCain is a naturalized citizen.
6. By treaty, the Canal Zone was not part of the United States.
7. Therefore, John McCain was not born in the United States.
8. Therefore, John McCain is a citizen not born in the United States.
9. Therefore, John McCain is not a natural born citizen.
10. Article II of the Constitution states to be President a person must be a natural born citizen.
11. THEREFORE, John McCain is not eligible to be President of the United States under Article II of the Constitution; he should be decertified and removed from all present and future Presidential ballots; and his past results should be disallowed, including unbinding all of his committed delegates.

It's really that simple. If anyone doubts me I suggest they check out the link and read for themselves.'

Posted by: AJ2008 | October 24, 2008 2:22 PM | Report abuse

New Video of Rep. Bachmann claiming that Muslims are ruining France:

http://liesliesmorelies.blogspot.com/2008/10/bachman-muslims-ruining-france.html

Posted by: Snakeheader | October 24, 2008 1:50 PM | Report abuse

What?

No rants about the Free Masons or the Bilderburgs?

Come on people! Can't you see what's happening?!!!!

Obama is a space alien!!

:-)

Posted by: toritto | October 24, 2008 1:39 PM | Report abuse

scootmandubious, I donated $2300 to McCain, and you don't see me complaining, do you?

Posted by: MarkInAustin | October 24, 2008 1:39 PM | Report abuse

It's a good thing Republicans did not have more money. Can you imagine what Sarah Palin's wardrobe would have looked like?

As Obama pointed out, for the money spent on making Palin a fashion statement, the GOP could have run ads in battleground states for a week.

As for Sarah:

"See Sarah run...the Senate"
http://scootmandubious.blogspot.com/2008/10/see-sarah-runthe-senate.html

"Sarah Palin & The Secessionists"
http://scootmandubious.blogspot.com/2008/10/sarah-palin-secessionists.html

Posted by: scootmandubious | October 24, 2008 1:33 PM | Report abuse

I will be here.

Posted by: MarkInAustin | October 24, 2008 1:32 PM | Report abuse

Austin: The GOP lost its bearings and its honor a long time ago.

Meet you here day after the election.

:-)

Posted by: toritto | October 24, 2008 1:30 PM | Report abuse

toritto, you left out "fantasyland" (I think that was Bill Clinton's word). I will have to go back and check how much Bush actually SPENT (it was less than Kerry, even though he raised more). Bottom line, I'd rather lose an election than lose my bearings.

Posted by: MarkInAustin | October 24, 2008 1:20 PM | Report abuse

Poor Republicans! Getting more and more hysterical! Shall we have therapists waiting to meet with you after you lose in 11 days? Will you be suffering from PTSD?

Poor babies.

Get used to it.

That black liberal socialist commie pinko anarchist leninist maoist trotskyite share the wealth muslim islamo fascist terrorist friend of terrorists reader of Malcolm X celebrity harvard grad chicago pol elitist drug dealing disciple of Rev Wright hater of America born in kenya is gonna be President of the United States of Ameerica!

Oh Happy Day!!

(did I leave anything out? Oh yeah. RISKY))

Posted by: toritto | October 24, 2008 1:14 PM | Report abuse

Imagine if McCain had outspent Obama 4-1. All the liberals and their friends in the media would be crying how the racists Republicans are trying to buy the election.

What till we discover how much of Obama's money came from illegal sources. By then, though, it'll might be too late.

Posted by: info42 | October 24, 2008 1:00 PM | Report abuse

Posted by: ManUnitdFan | October 24, 2008 12:56 PM | Report abuse

Didn't Kerry outspend Bush in 2004?

Posted by: MarkInAustin | October 24, 2008 12:32 PM | Report abuse

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