Another fundraising record for Obama, meaning he can afford to finish strong:
With the presidential campaign approaching its final stretch, Barack Obama finds himself in an enviable position.
One official close to the campaign said that September’s fundraising haul set a new record, surpassing the $66 million Obama raised in August. Another aide, asked about the campaign’s take, would only describe it: “big.”
It looks like we are going to fall a little short of 60k from this site alone, but still a good chuck of change. Well done.
Second, it looks like we might be in for a market rally. I have no idea what that means in the long term, and I would trade stability for a short term radical spike in the short term. Again, I don’t know how much the market represents reality. Are they reacting to the action by all the global government responses only and will this just be a nother short-term blip?
gbear
I blame Obama.
kommrade jakevich
Clearly all that money came from gay terrist abortophiles, but is a good chuck a change anything like an upchuck?
As for the markets, who knows. I’m sure McPalin will tell us it is because of the prayers of the faithful.
TheFountainHead
All your media markets are belong to us.
Comrade Jake
If only Obama had agreed to do Town Halls with John McCain, none of this would have happened.
Wait a minute…
Comrade Mary, Would-Be Minion Of Bad Horse
I wonder if Obama got any contributions from this expatriate. Seriously — she’s in a convent, in Rome, and still wears her Obama button. No word if she’s been denied communion for supporting him.
If there’s a rally, I’m on it. I’m going to buy some more mutual funds for my RSP when the Toronto exchange opens tomorrow morning.
EDIT: max, maybe it’s a sucker rally, maybe it isn’t. But I’ve got 15-20 years until I retire, so I’m willing to buy some bargains now and wait for them to accrue value again.
max
Second, it looks like we might be in for a market rally. I have no idea what that means in the long term, and I would trade stability for a short term radical spike in the short term.
Well, it IS a sucker rally, if it occurs (which seems likely); the question is, is how long with this sucker rally last? So far, this bear hasn’t beaten 1974 bear yet, and this is a much worse place to be in. Meantime, the ’29 fall and the ’37 fall both had several months of up movement at times.
So, we will see; except to say that this isn’t a real bottom.
max
[‘Selling exhaustion.’]
Xenos
Stock Market =/= the economy.
Bob In Pacifica
There was an Obama ad running during the NFL games yesterday, comparing his tax and healthcare policies to McCain’s. Effective and fit in well there among the beer commercials.
colleeniem
Comrade Mary–
Thanks for that.
Conservatively Liberal
Damn straight. There is a lot of unraveling that needs to happen and nobody knows what that is going to look like as it happens. Pumping money into a system that is supposed to loan it out to people who are losing jobs or making less and paying more for goods isn’t going to do a damn thing. People in the middle and bottom are tapped out and offering money to loan when they can’t afford it is not going to do much for our economy.
Suckers rally.
Punchy
This is just terrible news for Democrats.
Walker
Yes. Everyone wants to buy on the rally. Unfortunately, this is going to be the suckers rally. If we get above Dow 10k before it starts falling again, I will eat my hat.
nick
Wait and see. The economic will stable for the next president?
Zifnab
@Xenos: Yeah, the economy has been in the trash for years. The stock market is just catching up.
In regards to Obama’s fundraising, I have no doubt that if the Republican Party keeps edging out towards the fringe we’ll see a wave of court challenges and Congressional investigation protests about how Barry stole the election. No way the GOoPers take their lumps. They’ll go down kicking and screaming straight through 2012.
Doug H. (Comrade Fausto no more)
From TPM:
"Benteen, come on. Big Village. Be quick. Bring packs."
NonyNony
Bank on it. Obama could win with 60+% of the popular vote, after a week of McCain and Palin taking turns killing puppies and shredding the flag with scissors on live television and the right-wingers will be screaming about voter fraud and ACORN and illegitimate elections come, oh, November 5th.
The hard core will be screaming bloody murder no matter how much Obama wins by. I expect our poor secretary of state here in Ohio (Jennifer Brunner) to be targeted for everything that goes on here. The question is how much the Republican Party itself decides to legitimize this stuff. They used it to their advantage in ’92 – but that was when a guy won with less than 50% of the vote and Ross Perot was a spoiler who screwed things up. If Obama makes it over that magical 50% popular vote threshold, then I don’t know if it will work as well as it did on Clinton.
Plus Clinton had a functional Republican coalition on his case. Obama is going to be facing off against a deeply divided coalition of nutbags who’s most intelligent members have either been marginalized or have left the party entirely. It’s a different dynamic, and I’m hoping that Obama will be better at fighting back against it than Clinton was. His campaign has given me a lot of hope that he will be.
tripletee (formerly tBone)
Clearly the market is rallying due to the news about McCain rebooting his campaign. With a McCain victory now all but assured, Wall Street no longer has to worry about Barack HUSSEIN Obama implementing his radical socialist agenda and destroying capitalism. Also.
Mac G
Hey John,
I heard a rumor about the September number over the weekend and it will blow everyone away. It is crazy high.
SGEW
Obama is going to fix the credit crisis by injecting his campaign money into the markets.
Darkness
Ha ha! Answer that question and the next Nobel prize in economics can be yours.
Mac G
Could North Dakota go blue?
Barack Obama is shown with an edge against John McCain in a North Dakota presidential race that has narrowed to a statistical tie, according to a new Forum poll. — The survey shows Obama squeaking past McCain, 45 percent to 43 percent
jake 4 that 1
Nice.
Conservatively Liberal
Even if McCain reboots his campaign, it wouldn’t do him a damn bit of good. By now, just about everyone knows that McCain is vaporware (Palin is malware, of course) and the system isn’t going to perform any better with McCain v17.03 build 13 than with any previous version.
Garbage in, garbage out. It’s that simple.
jcricket
I have $250 (via John’s link) – after McCain and Palin started the Ayers bullshit again. These fuckers and their broken policies have made my soon-to-retire parents really nervous about their investments, and electing them would just make it worse.
Although I’m not rolling in the dough (no bonus this year, increased expenses everywhere, wife’s salary down 20% or more), I just couldn’t stand by any more and let Republicans have a chance of getting elected.
Same reason I gave $50 to the No on Prop 8 campaign. Sitting by and watching the religious right push another "separate but equal" moment on America was too much. This really is a watershed moment, and it’s ours to lose if we don’t act.
El Cid
I just wish Obama’s fundraising total could be so big it just makes Republicans sit down and cry. I don’t know what that would be — $100 million? $200 million? Half a billion?
Perry Como
It might be as much as the net worth of McCain.
jcricket
Wow – although I doubt it’ll end up this way, I was wrong about what’s happening WV. I thought the racist attack ads against Obama would shore up McCain/Palin support – but they haven’t. So I could be wrong in ND and SD too.
It really wouldn’t surprise me if in 10 years MT, SD, ND, AZ, NM, CO (all the "mountain west") states are light blue. The coasts are rapidly becoming bright blue, and the northern border with Canada as well.
Republicans will be a regional party before long unless they seriously change course or Idiocracy comes true.
gbear
You’re referring to Cindy, of course. Johnny ain’t got squat.
DougJ
He added 1.5 million new donors in September. My guess he raises $120-$140 for the month (70 per donor is about average for the campaign and they probably had at least half a million of their hold donors give again).
In other news, it looks like the old McCain is back!
——————
Albany, N.Y.: Is there any chance we’ll see the old McCain — the straight-talking maverick who captured America’s heart — in the final few weeks of the campaign?
Shailagh Murray: I think those chances are probably pretty good. But he’s going to have to be consistent and even creative about it, in order to make an impact that this point.
Soylent Green
The Dakotas are not mountain states, and have been little touched by the Old West to New West transition that has been underway for decades — the shift from ranching, mining, and logging to urban growth, high-tech corridors, trophy home building, outdoor fun seeking, and so on. That’s the source of the blueing of the mountain west. There’s a fair amount of this happening as well in Utah, Wyoming, and Idaho, but not enough to get the red out.
boonagain
@DougJ: From that same aricle, another exchange:
Ecks
Preview of the "ZOMG, he like so didn’t win" future: Fox "news" is already all up in arms about voter registration fraud. Which is
a) Bullshit
b) Doesn’t exactly explain how Obama is up in the polls now does it ("I see, and how many times are you planning on voting for Obama then Sir.")
SamFromUtah
@Soylent Green: There’s a fair amount of this happening as well in Utah, Wyoming, and Idaho, but not enough to get the red out.
Indeedy – don’t hold your breath waiting for Utah to go blue. Salt Lake City, sure – but the rest will just double down into even redder redness.