Obama Donations Plunge

Brendan Smialowski, AFP / Getty Images

US President Barack Obama waves after speaking during a campaign event at the Henry Ford Museum in Dearborn, Michigan. Given what Obama needs to happen with the economy in order to get reelected, he should pray the income gap is even greater under his watch by November.

A plunge in big donations from industries across the board has left the Obama campaign seeking out smaller donations as the campaign season revs up. He’s still well ahead of Republican candidate Mitt Romney, though his cash flow is short of where it was at this point during his 2008 presidential campaign—when he had almost $40 million more. Since he’s not campaigning for the primary he has more money available, yet aides and supporters have growing concerns about the enormous sums tucked away in the Republicans' super PACs that have significantly more than their Democratic counterparts.