Your Black World reports
President Obama isn’t finding donors to be as eager to give as they were during his previous campaign for election. The president has lost millions from former donors in districts that he won narrowly in 2008, according to the Associated Press.
Thousands of small donors have retreated from the Obama campaign, and in some areas, they are giving their money to Republican candidates instead. In spite of the decline in funding, the Obama campaign still has plenty of money to kick around: They raised $70 million in the July-September period, which is far greater than any of the president’s Republican challengers.
The president has been set back by the challenges of the economy and has also lost many of his large donors. His approval rating has dropped to 41 percent as well.
"He was our state senator, and when I looked at the Republican side, I thought, 'We need some fresh blood in the campaign,'" said Janet Tavakoli, who gave $1,000 to his campaign. "But I was dead wrong about it.”
Others have decided not to give money to anyone, in part because they feel disappointed with the Obama Presidency.
"I have little discretionary money, and I just have to take care of myself," said Roger Hodges of Richmond, Calif. Hodges who gave Obama $250 in the last campaign.