President Barack Obama is still ahead of all his 2012 Republican Party rivals in polls numbers as well as in campaign money raised despite the fact that he has the lowest approval rating of 39% for his job performance, a struggling economy with an unemployment rate of 9.1% that is not creating enough jobs for the 14 million unemployed Americans and another 10 million Americans who are under-employed, coupled with the high rate of foreclosures on the ground and the growing oppositions to the Wall Street and the Congress through this ongoing nationwide protests (Occupy Wall Strret).
At the end of the third quarter, Obama raised a whooping $70 million more than all the money raised by his Republican rivals combined together. The three leading GOP hopefuls raised the following amount of money for their campaigns at the end of the third quarter this year:(i) Governor Perry $17 million with 57% of his donors coming from Texas and from big donors. (ii) Mitt Romney brought in $14 from Wall Street bankers. (ii) Herman Cain who is ahead in GOP polls raised about $2.4 million.
Obama's donations came from over 600,00 small donors across the United States. Obama plans to raise about $1 billion to be a record-breaking campaign money ever raised in the American presidential election campaign history to confront the machinery of the GOP that is backed by the two American billionaire brothers (the Kochs) and their organization known as the American for Prosperity. They plan to spend about $500 million to defeat Obama in 2012.
Who says America's democracy is not about money? Money allows any candidate to stay competitive in the race. As 2012 approaches, unlimited money will be coming in from the Wall Street bankers and corporations into the GOP's coffers while simulteneously, equal amount of money or even more will be coming also from the trade unions, American middle class workers and hundreds of thousands of small donors for Obama's campaign. Money will be one of the determining factors in 2012 presidential elections. Money may be the key to occupying the White House in 2012 instead of protests to occupy the Wall Street.
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