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   The Obama campaign does not seem to be bothered by the fact that it spent more than it raised in June, calls it "practice"

23 Jul 2012 09:46 AM   |   696 clicks   |   Reason Magazine
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Bloody William     
I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

23 Jul 2012 09:47 AM
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Chalji     
Done in one.

23 Jul 2012 09:48 AM
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Philip Francis Queeg     
Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".

23 Jul 2012 09:49 AM
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qorkfiend     
Is there some reason they should be bothered by that fact?

23 Jul 2012 09:49 AM
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qorkfiend     
Philip Francis Queeg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".


So, standard Republican procedure?

23 Jul 2012 09:50 AM
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WMCB     
I guess since it's not a Republican campaign, they don't have to worry about producing a profit. What with candidate bills being covered elsewhere.

23 Jul 2012 09:50 AM
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unexplained bacon     
Philip Francis Queeg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".


after which he will retroactively quit the campaign prior to anything that could be considered unethical

23 Jul 2012 09:51 AM
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Iblis824     
Hmm... between getting married and moving into a new apartment, and paying off my car, I'm pretty sure i've spent more than I made this month. Luckily, I also made money last month.

23 Jul 2012 09:51 AM
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Headso     
There's a right wing pundit douche site tailored for all types. If you are a full on nut case some WND or American Thinker might be your deal. If you just like to do the both sides are bad so vote republican kinda thing well then head on over to Reason.com.

23 Jul 2012 09:51 AM
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salvador.hardin     
Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

In Amercia they do.

23 Jul 2012 09:51 AM
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bwilson27     
I think they're missing a T

23 Jul 2012 09:52 AM
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Diogenes    [TotalFark]  
Well that settles it! I'm voting for Gingrich!

23 Jul 2012 09:53 AM
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AMonkey'sUncle     
Meanwhile, I see from one of the ads (for Firefox users, those are solicitations for you to buy their product or sign up for some emails) Sheriff Joe wants to take the country back. Big aspirations for a County Mountie.

23 Jul 2012 09:53 AM
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Gecko Gingrich    [TotalFark]  
So, if I have $1000 in the bank coming into June, make $500 during the month of June, and spend $800 in the month of June...

No wait...

I am not allowed to save money for future use. I can, and in fact, *have* to spend every dime I make during the month that I make it...

That doesn't sound right either, let me try once more...

If I spend more in a month...


I can't do it. Could one of you Independents explain it to me?

23 Jul 2012 09:55 AM
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Philip Francis Queeg     
unexplained bacon: Philip Francis Queeg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".

after which he will retroactively quit the campaign prior to anything that could be considered unethical


Romney has just issued an affidavits to the FEC stating that he is both Candidate in control of his campaign and that he has no role of any kind in the campaign.

23 Jul 2012 09:55 AM
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King Something     
What a shame, bankrupting themselves like that. It's too bad for the Obama campaign that the month of June, in which they spent more money than they made, was the only month in which they raised any money at all.

23 Jul 2012 09:55 AM
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Jackson Herring    [TotalFark]  
Gecko Gingrich: I can't do it. Could one of you Independents explain it to me?

Obama Bad, QED.

23 Jul 2012 09:55 AM
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Cletus C.     
President Obama may end up becoming the boy who cried wolf in his "I will be outspent" fundraising campaign.

Racism!

23 Jul 2012 09:56 AM
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crab66     
They sound concerned.

23 Jul 2012 09:57 AM
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Citrate1007     
No one has commented on the giant douche vs. turnd sandwich hyperlink in the article yet. Have some more coffee farkers, your slacking.

23 Jul 2012 09:57 AM
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HeartBurnKid     
Iblis824: Hmm... between getting married and moving into a new apartment, and paying off my car, I'm pretty sure i've spent more than I made this month. Luckily, I also made money last month.

This.

Obama has made a major investment this month because this is the point where the general election campaign really begins. And it's been a successful one -- before Romney really got a chance to define himself to the American people, they now know him as a vulture capitalist who refuses to be open about his finances.

23 Jul 2012 09:58 AM
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rudemix     
I'm shocked to learn that a political campaign operates more like a business than the average American household. They don't live check to check and may have money in savings or reserves, or available on credit? Shocking! It's like this article wants to offend me, as the average schmuck, that the President's campaign isn't quite managed like my shoddy finances. There is only one opportunity as an average Joe. Turn from 0bama and his heretical finances and embrace the party that embraces, and cares for me; the Republicans. Or not. Get bent Repubs.

23 Jul 2012 09:58 AM
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Helios1182     
Remember all those months where Obama was bringing in loads of money while the Republicans were infighting? Yeah, they have some money in the bank saved for the next few months.

23 Jul 2012 09:58 AM
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verbaltoxin    [TotalFark]  
Oh is this another article where Reason pretends to be in the middle while only pointing out things Democrats do?

23 Jul 2012 09:58 AM
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theknuckler_33    [TotalFark]  
Was there a point being made in TFA? Because I sure didn't see it.

23 Jul 2012 09:59 AM
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MrLint     
Philip Francis Queeg: Romney has just issued an affidavits to the FEC stating that he is both Candidate in control of his campaign and that he has no role of any kind in the campaign.

Initially I read that as Romney saying he was Canadian. Which would have actually been funnier:)

23 Jul 2012 09:59 AM
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LucklessWonder     
Iblis824: Hmm... between getting married

You poor, poor bastard.

/Divorced within the last 6 months
//Can you tell?

23 Jul 2012 10:00 AM
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coeyagi    [TotalFark]  
abcnews.go.com

"Who cares what that Muslim does? Dude, it's all about sinking tons of money into that Mormon dude. Adelson is going golfing with Mitt tomorrow while I bang Anne Romney after she does her MS therapy with that $77,000 tax write off horse. Deducations and viagra give this cowboy a raging hard-on!"

23 Jul 2012 10:01 AM
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King Something     
verbaltoxin: Oh is this another article where Reason pretends to be in the middle while only pointing out things Democrats do?

Well, today is a day with a Y in it, and the sun rose in the east this morning, so I'd give it about 3:2 odds that you're correct.

23 Jul 2012 10:02 AM
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Iblis824     
LucklessWonder: Iblis824: Hmm... between getting married

You poor, poor bastard.

/Divorced within the last 6 months
//Can you tell?


Just a little. The fark tag was a bit of a give away.

/even though you joined 9 years ago.

23 Jul 2012 10:04 AM
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Epoch_Zero    [TotalFark]  
We get it - he's black.

23 Jul 2012 10:05 AM
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moralpanic     
img155.imageshack.us

23 Jul 2012 10:06 AM
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js34603     
qorkfiend: Is there some reason they should be bothered by that fact?

Nah it probably doesn't matter they're being massively out fundraised by their opponent and can't even raise enough to cover their expenditures. Who cares if they can't afford ads in October? Not like those make a difference.

When has money ever been important in politics anyway? I'm sure this thread will fill up quickly with people scoffing at Romney's campaign and its massive war chest while assuring everyone that all is well and Obama has got Romney right where he wants him.

An incumbent being out raised by a challenger? Psh, why worry, I'm sure that happens all the time. Oh? That has never has happened? Well, I know from reading Fark this election is over anyway and the damn biased right wing media is just making it look close for ratings, so I'm sure everything is going to work out.

/make sure you Farkers vote, even if you think the 'media' is what is making this election close

23 Jul 2012 10:06 AM
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Dusk-You-n-Me    [TotalFark]  

23 Jul 2012 10:06 AM
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unexplained bacon     
Philip Francis Queeg: unexplained bacon: Philip Francis Queeg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Mitt Romney has a detailed plan to loot his campaign's pension fund, and to outsource the jobs while personally making millions in "consulting fees".

after which he will retroactively quit the campaign prior to anything that could be considered unethical

Romney has just issued an affidavits to the FEC stating that he is both Candidate in control of his campaign and that he has no role of any kind in the campaign.




That sounds about right.

23 Jul 2012 10:07 AM
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moralpanic     
img716.imageshack.us

23 Jul 2012 10:07 AM
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unexplained bacon     
js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

THIS^^

a lot.

23 Jul 2012 10:08 AM
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kyrg     
Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Then why all the media hoopla after Gingrich left the race with a large debt? Double standard much?
Not a fan of the Newt, or double standards.

23 Jul 2012 10:08 AM
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qorkfiend     
It's ok; I'm sure we'll be hearing from Reason shortly about the $4.5 million the Gingrich campaign still owes. Or Rick Santorum, who ended his campaign with $2.2 million in debt. Or Michele Bachmann, who has just over $1 million in debt.

Bonus: while reading that article, I found this nice piece of info: "Opened in 2003, the center pulled in $59 million over nine years from more than 300 companies, some of which paid as much as $200,000 in dues. Among its activities, the center and Gingrich helped push a mandate requiring everyone to carry health insurance. "

23 Jul 2012 10:09 AM
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King Something     
js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

js34603: /make sure you Farkers vote, even if you think the 'media' is what is making this election close

23 Jul 2012 10:10 AM
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Dr Dreidel    [TotalFark]  
cdn.tss.uproxx.com

23 Jul 2012 10:11 AM
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Epoch_Zero    [TotalFark]  
kyrg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Then why all the media hoopla after Gingrich left the race with a large debt? Double standard much?
Not a fan of the Newt, or double standards.


It's that Liberal Media bias. Always going after the conservatives because the left owns the MSM Lamestream media.

23 Jul 2012 10:11 AM
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moralpanic     
kyrg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Then why all the media hoopla after Gingrich left the race with a large debt? Double standard much?
Not a fan of the Newt, or double standards.


What double standards? The media focused on Hilary debt when her campaign was over too.

23 Jul 2012 10:11 AM
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Diogenes    [TotalFark]  
kyrg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Then why all the media hoopla after Gingrich left the race with a large debt? Double standard much?
Not a fan of the Newt, or double standards.


Proportion of the debt to earning/fundraising potential. Plus, He's out of the race now. Who do you think pays that debt off? It ain't Gingrich.

23 Jul 2012 10:12 AM
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monoski     
Should have done it like Bain Capital. Sold subscriptions to a fund/campaign then collected fees for running it, bankrupt the campaign and walk away with the cash.

//amirite?

23 Jul 2012 10:14 AM
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Karac    [TotalFark]  
This is an outrage! Government and political campaigns should have balanced budgets - JUST LIKE MY HOUSEHOLD!

Now excuse me, I have to go write a check for my car payment.

23 Jul 2012 10:14 AM
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KellyX     
Obama has been building up a "war chest" for a while now, just because he earns X amount one month and spends more than that that month means nothing. He been earning more than that for months on end, if not years on end.

And frankly, with all the Romney tax related stuff, you strike while the iron is hot.

23 Jul 2012 10:14 AM
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Fart_Machine     
kyrg: Bloody William: I didn't know campaigns had to have balanced budgets or be profitable. I thought it was pretty much a game of "Raise money, then spend all of it before the election to get your point across. It's not about creating a sustainable business.

Then why all the media hoopla after Gingrich left the race with a large debt? Double standard much?
Not a fan of the Newt, or double standards.


Obama is no longer a candidate?

23 Jul 2012 10:15 AM
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tenpoundsofcheese     
Practice? 0bama is an expert!

$5,000,000,000,000

23 Jul 2012 10:15 AM
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PDid     
I paid cash for a new car in June. Should I be concerned that I spent 10x what I made in June?

23 Jul 2012 10:15 AM
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