Just the spending linked to the Koch network is more than the $370 million that John McCain raised for his entire presidential campaign four years ago. And the $1 billion total surpasses the $750 million that Barack Obama, one of the most prolific fundraisers ever, collected for his 2008 campaign.
Give this some thought to make sure you understand just how significant—and horrifying—these numbers are. After the Citizens United ruling, two brothers are moving roughly $395 million dollars, 7% more than the entire Republican presidential campaign of 2008. And 53% of what was probably a historically successful Democratic presidential campaign.
Obama will have to raise even more for his campaign this time around, even though he will have to compete with his historic 2008 campaign at a time where I think it’s fair to say he isn’t mobilizing his base with enthusiasm. But if he doesn’t get the money from the average American, he’ll get it from Wall Street, corporations, and interest groups. This is the scenario we feared the supreme court ruling would create—and then some.
The money is not necessarily a problem, though:
“The money is a huge problem,” confides a senior campaign maven. “We’ll see how long we can stand it. The money alone can’t beat us, but if we get bad jobs numbers a couple months in a row, then all of a sudden, things could get kinda hairy.”
So how do those job numbers look? Hairy.