President Obama has a huge lead on Mitt Romney when it comes to campaign fundraising, but that margin shrinks significantly when Super PACs are added into the pictures. Pro-Romney Super PACs have been raising cash steadily, but the pro-Obama Priorities USA group has had trouble bringing in donors, Bloomberg reports:
Through March, only 12 of Obama’s 532 top fundraisers had donated to Priorities USA Action, a super political action committee created to support his re-election. Priorities has only raised about $9 million compared to a combined $80 million brought in by the two main super-PACs dedicated to defeating Obama: American Crossroads, formed by Karl Rove, and Restore Our Future, a group backing presumptive Republican presidential nominee Mitt Romney.
The leaders of Priorities have asked former President Bill Clinton to tap the pool of donors who helped fund his campaign and Hillary Clinton’s White House run. Yet Priorities lacks on its donor list most of the core group of Chicagoans who backed Obama’s presidential ambitions four years ago.
One government professor quoted in the story speculated that Democrats are wary about giving money to Priorities USA because they feel that negative advertising is unseemly. That’s absurd. Democrats are just as ruthless when it comes to negative ads as Republicans are. But there are other political reasons these Democrats might be hesitant about donating to Super PACs. Liberals almost universally condemn the Citizens United ruling. People give to politicians in part because it makes them feel good, like they’re behind a worthy cause. But many liberals would probably feel like hypocrites – like they’re betraying their ideals – if they give through a fundraising channel they’ve claimed is corrupting politics.
Some may also be nervously eyeing the attacks the Obama campaign has launched against top pro-Romney donors. Kimberly Strassel reports that the campaign is targeting these donors on its website, criticizing their businesses and work histories:
Save Mr. Obama, who acknowledges no rules. This past week, one of his campaign websites posted an item entitled “Behind the curtain: A brief history of Romney’s donors.” In the post, the Obama campaign named and shamed eight private citizens who had donated to his opponent. Describing the givers as all having “less-than-reputable records,” the post went on to make the extraordinary accusations that “quite a few” have also been “on the wrong side of the law” and profiting at “the expense of so many Americans.”
These are people like Paul Schorr and Sam and Jeffrey Fox, investors who the site outed for the crime of having “outsourced” jobs. T. Martin Fiorentino is scored for his work for a firm that forecloses on homes. Louis Bacon (a hedge-fund manager), Kent Burton (a “lobbyist”) and Thomas O’Malley (an energy CEO) stand accused of profiting from oil. Frank VanderSloot, the CEO of a home-products firm, is slimed as a “bitter foe of the gay rights movement.”
These are wealthy individuals, to be sure, but private citizens nonetheless. Not one holds elected office. Not one is a criminal. Not one has the barest fraction of the position or the power of the U.S. leader who is publicly assaulting them.
Donors to political campaigns and Super PACs are required to disclose for a reason. Journalists, watchdog groups, and opposing campaigns are certainly within their rights to report on conflicts of interest, ethics issues, or the backgrounds of these donors. But the Obama campaign goes too far with this. Claiming someone is “less-than-reputable” or “on the wrong side of the law” when he has committed no crime – outside of the offense of giving large sums of money to a political opponent – is not appropriate behavior by a political campaign. If Obama is setting this precedent, it’s no wonder Democrats are reluctant to cut large checks to his supporting Super PAC.