According to AP, President Barack Obama has lost millions of dollars in support from former donors in Democratic strongholds and in districts that he won narrowly four years ago.

Tens of thousands of supporters who gave the candidate who stood for “hope” and “change” hundreds of dollars or more in the early stages of the 2008 campaign haven’t offered him similar amounts of cash so far in this campaign. And in some cases, former Obama contributors gave to GOP candidates, such as former Massachusetts Gov. Mitt Romney, the report continues.

Despite the drop in financial support as compared to 2008, the President’s re-election funds are pretty healthy. On top of that, he’s currently beating out all his conservative competitors combined by tens of millions. In the July-September re-election period, Obama’s campaign and the Democratic Party raised over $70 million to ensure a second term.

AP’s study found that a stagnant economy is related to the loss of early support from some of his larger financial backers. And after 3 tumultuous years in office, Obama has to work even harder to win back swing voters and  “party stalwarts.” The news source cites a recent Gallup poll that shows Obama’s approval rating hovering around 41 percent as another reason folks would rather spend their cash elsewhere.

“I have little discretionary money, and I just have to take care of myself,” said Roger Hodges, 45, an urban designer in Richmond, Calif. Hodges gave Obama $250 four years ago but doesn’t plan on donating in this election. Hodges said friends in the liberal-leaning San Francisco Bay Area have become disappointed in Obama.

Just because Americans may shy away from shelling out the dollars doesn’t mean they won’t support the President where it really counts. AP states that many Obama supporters said they would vote for his re-election even if they don’t make a hefty donation. A new NBC News/Wall Street Journal poll claims that 4 out of 5 of those who voted for Barack Obama in ’08 say they’d likely vote for him next year.

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  • Ms. Dianta

    I am not worried about Obama getting re-elected. In three years he hasn’t been able to completely recover the economy but he is doing much better than our former president or anyone running against him. Furthermore, the Republicans are a bunch of idiots that will not be able to compete with president Obama. They are so busy attacking each other that they will divide their own party.This is why we now have the Tea Party. You have Rick Perry (my current governor) who cant debate and brags about how many people( particulary, African American Men) that my state has killed. That “good ol’ boy” crap wont work in places like CA or NY. Bauchman is a dingy version of -Palin, Herman Cain’s only debate is a 9-9-9 plan that could someday move to 18-18-18 unless you were able to add it to the constitution ( and that will never happen), and paul & romney are to radical for most conservatives….So yeah, basically Obama will win. Democrats are for the people, Republicans are for war & money.

  • African Mami

    Dear Obama,

    Don’t listen to these lames. If you don’t get your job back, go to Kenya. They’ll make you the President by virtue of your father being Kenyan, and by virtue of African kiss ass politics. Your paycheck will be more than the $400,000 you make over hurr.

    So from me to you, join me in deucing them haterrrrrrrrrrrrrrrrrrrrrz out…..

    Yours truly,
    African Mami