The Associated Press reports the Obama campaign is lowering fundraising expectations ahead of the late-September disclosure date, a sign that his contributions may be lagging:
President Barack Obama’s re-election campaign expects to raise tens of millions of dollars less this summer than it did in the spring because negotiations over the nation’s debt limit forced Obama to cancel several fundraisers.
Obama’s campaign said Wednesday it canceled or postponed 10 fundraisers involving the president, Vice President Joe Biden and White House Chief of Staff Bill Daley in the past month because of the debt talks, scrubbing events in California, New York and elsewhere.
Ten fundraising events probably aren’t going to make or break the quarter for Obama, especially because it sounds like some of them have been rescheduled. But Obama’s challenge will be to hold on to his liberal support base, especially now that many of them see his debt ceiling deal as a betrayal.
At the Washington Post, Chris Cillizza sees possible long-term implications:
Liberal anger and disappointment with the president is real. But will it have real political consequences heading into 2012?
The answer is “sort of.”
The most obvious impact will come in fundraising, where virtually no one in the Democratic donor base — affluent (and liberal) individuals, trial lawyers, organized labor — is happy with the deal.
There have been some signs Obama has been losing wealthy donors because of the way he’s handled the economy. While his ultra-liberal donors don’t have any alternative candidates to support, some of them – especially the small-money grassroots supporters – could be angry enough about the debt ceiling deal that they won’t donate at all. Whether or not this anger is short-lived remains to be seen, but Obama has certainly done long-term damage to his image with his left-wing base.