Has the "smart money" moved to Obama yet?
Let me start off with a definition:
When I use the term "smart money," I intend the term as in an investment framework (not that these people are smart for supporting Obama.) The "smart money" chases returns. In political terms, that would mean buying access, political support, or favor down the road. I would equate it to lobbying money, business money, and political ally/superdelegate support.
As Obama looks more and more likely to be the next President, you have to figure that these people must be out there trying to buy their place at the table, and ,similar to the endorsements, they're likely all starting to come in now.
Have we seen a big surge of "smart money" support for Barack Obama yet? Is that a part of the big dollars coming in now?
With their campaign themes, we can hardly expect the Obama campaign to trumpet a wave of insider money, but you have to figure that's going on, right?
We won't really know until May, but if this is the case, there's no way Clinton could compete past Mar. 4 based solely on the money.
(In superdelegate news, Rep John Lewis officially switched to Obama today, and the Clinton campaign, in a very telling reversal, is now imploring superdelegates not to commit, to hold their voice and their vote.
Later: ND Sen. Byron Dorgan for Obama?)
When I use the term "smart money," I intend the term as in an investment framework (not that these people are smart for supporting Obama.) The "smart money" chases returns. In political terms, that would mean buying access, political support, or favor down the road. I would equate it to lobbying money, business money, and political ally/superdelegate support.
As Obama looks more and more likely to be the next President, you have to figure that these people must be out there trying to buy their place at the table, and ,similar to the endorsements, they're likely all starting to come in now.
Have we seen a big surge of "smart money" support for Barack Obama yet? Is that a part of the big dollars coming in now?
With their campaign themes, we can hardly expect the Obama campaign to trumpet a wave of insider money, but you have to figure that's going on, right?
We won't really know until May, but if this is the case, there's no way Clinton could compete past Mar. 4 based solely on the money.
(In superdelegate news, Rep John Lewis officially switched to Obama today, and the Clinton campaign, in a very telling reversal, is now imploring superdelegates not to commit, to hold their voice and their vote.
Later: ND Sen. Byron Dorgan for Obama?)
6 Comments:
honestly...can you think of one strategic reason (from a selfish or political) standpoint for HRC to not concede? I don't think the feeling of "I owe it to the supporters whe have worked for me" is a good-enough reason...shoe-on-other-foot scenario would have EVERYONE screaming for OB to give up and calling him an egomaniac, divisive etc and tar any chance at him running in 2012...why isn;t msm pushing for her to quit? just the uber-desire to see the clintons' fail?
By Anonymous, at 5:28 PM
No. However, I do think after she set Texas and Ohio as a firewall for all her campaign and supporters, she should to stay in through Mar. 4.
On the other hand, in that "honorable exit" scenario, she shouldn't be attacking him the way she is.
On the night of Mar. 4, barring a miracle, the serious pressure will begin.
By mikevotes, at 5:34 PM
If the smart Democratic money isn't going to Obama, it's not terribly smart.
And yeah, March 4 is plenty of time. If you're looking for a selfish motive, how about this? She has the chance (if she can win or draw on Tues.) of going out on something resembling a high note, instead of as the loser of ten straight.
And why would the media want this great story to end any sooner than it has to?
By Anonymous, at 12:45 AM
I agree completely.
I think it's important for her to leave with dignity. I think that's good for the party, good for a coming together.
And, also a good point about the media, but they do seem to want it over. Of course, the election story doesn't end, it just shifts to Obama/McCain.
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