Well, this doesn't make any sense whatsoever! After years of vocal opposition to Super PACs — at one point calling them "a threat to our democracy" — President Obama is all of a sudden, out of nowhere, and for no apparent reason embracing unlimited campaign contributions from mysterious billionaires for his reelection campaign?
I just don't get it…
President Obama is signaling to wealthy Democratic donors that he wants them to start contributing to an outside group supporting his re-election, reversing a long-held position as he confronts a deep financial disadvantage on a vital front in the campaign.
Aides said the president had signed off on a plan to dispatch cabinet officials, senior advisers at the White House and top campaign staff members to deliver speeches on behalf of Mr. Obama at fund-raising events for Priorities USA Action, the leading Democratic "super PAC"…
It just doesn't add up. What could have possibly prompted Obama to change his mind like this…
Several Democratic financiers said they were alarmed last week by fund-raising reports from the major Republican super PACS. Two groups that were formed with help from the Republican strategist Karl Rove, American Crossroads and Crossroads GPS, raised $51 million between them last year for the Congressional and presidential races. Groups supporting specific Republican presidential candidates brought in roughly $40 million.
But the major Democratic groups, including Priorities USA Action, raised only $19 million for the year.
Hmmmmm… I wonder. There's got to be a reason.
I'll keep looking and get back to you if I discover anything.
Photo by Chip Somodevilla/Getty Images News/Getty Images
Tags: Barack Obama, Democrats, Money, Republicans, Super PACs