USA Today: President Obama’s campaign raised $114 million in August, edging Mitt Romney’s haul of $111.6 million and ending the Republican’s three month winning streak in the money race.
“The key to fighting back against the special interests writing limitless checks to support Mitt Romney is growing our donor base, and we did that substantially in the month of August,” said Jim Messina, Obama’s campaign spokesman.
The $114 million in August is a big spike for Obama, who had raised only $75 million in July.
….. The new fundraising totals come right after the Republican and Democratic conventions, and at a time when Obama is taking a lead over Romney in daily tracking polls.
Paul Krugman: Does anyone remember the American Jobs Act? A year ago President Obama proposed boosting the economy with a combination of tax cuts and spending increases, aimed in particular at sustaining state and local government employment….
…..The Jobs Act would have been just what the doctor ordered … But the bill went nowhere, of course, blocked by Republicans in Congress. And now, having prevented Mr. Obama from implementing any of his policies, those same Republicans are pointing to disappointing job numbers and declaring that the president’s policies have failed.
…. What about the argument, which I hear all the time, that Mr. Obama should have fixed the economy long ago? The claim goes like this: during his first two years in office Mr. Obama had a majority in Congress that would have let him do anything he wanted, so he’s had his chance.
The short answer is, you’ve got to be kidding.
As anyone who was paying attention knows, the period during which Democrats controlled both houses of Congress was marked by unprecedented obstructionism in the Senate …. what happens if the strategy of obstruct-and-exploit succeeds? Is this the shape of politics to come? If so, America will have gone a long way toward becoming an ungovernable banana republic.
Full article here
Morning everyone – a shorter Rise and Shine than usual, but I’ll have more in a while.