A couple of weeks ago I speculated that Obama’s strengthened position after the conventions could turn into a self-fulfilling prophecy via the money channel, as donors scramble to realign themselves with the probable winner. Sure enough, it seems to be happening:
The financial tide has turned against Republican presidential candidate Mitt Romney and his key allies, who spent more than they brought in and were outraised by President Obama during the month of August, according to disclosures filed Thursday.
Both campaigns are going to spend obscene amounts in the weeks ahead. But Romney was supposed to have a huge financial advantage, and it now seems that this won’t happen.
No comments:
Post a Comment