With the stock market’s major plunge today, we have another datum suggesting that the economic recovery may not be as robust as some have been reporting. Couple that with the big drop reported earlier this month about the big drop in factory orders and shipments and it’s no wonder the president is feeling anxious about his chances this fall despite improving poll numbers.
Those poll numbers seem to have ticked upward in conjunction with continued acrimony among Republicans presidential candidates and increasing reports of economic improvement. Well, that acrimony will eventually diminish. And those reports might be fewer and farther between.
And now we have reports of the president hoarding his campaign cash:
President Barack Obama has a bleak message for House and Senate Democrats this year when it comes to campaign cash: You’re on your own.
Democratic congressional leaders, including Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, have privately sought as much as $30 million combined from Obama for America and the Democratic National Committee — a replay of the financial help they received from Obama in 2008 and 2010.
But that’s not going to happen, top Obama aides Jim Messina and David Plouffe told Reid and Pelosi in back-to-back meetings on Capitol Hill on Thursday, according to sources familiar with the high-level talks.
Ed Morrissey (to whom I tip my hat for this report) finds “only two conclusions to reach if this report is true. Either Barack Obama is so self-absorbed that he can’t share the wealth himself, or his fundraising is going so poorly that his campaign has little wealth to share.”
I would add another that he may be husbanding his resources in anticipation of a potentially uphill contest this fall.
UPDATE: Over at Hot Air’s Green Room, Karl offers a similar sentiment, asking “You know who doesn’t think Obama won the election already?” And answering:
Barack Obama. There is bipartisan doomsaying about the GOP, but he does not believe it. No, in recent weeks Barack Obama has flip-flopped to take SuperPAC money, because GOP groups are raising so much. He reportedly told Harry Reid and Nancy Pelosi there would beno cash transfers to the DCCC or DSCC from OFA or the DNC before Election Day. He reportedly will lower himself to joint appearances with Bill Clinton at a series of fundraisers, including one aimed at the financial services industry.