It’s All About The Money
May 11, 2012 by Chip Wood
Obama having trouble raising big bucks. The headline in The New York Times read “Obama Sees Steep Dropoff in Cash from Major Donors.” It looks like the big givers aren’t opening their wallets as they did in 2008. This time, most donors are giving less than $200 each. While the total lags behind the record amounts he collected in 2008, Barack Obama’s war chest is predicted to hit $1 billion this year — far more than Mitt Romney will have on hand. The President has already appeared at more than 100 fundraisers in the past year.
George Soros writes some big checks. One major Barack Obama supporter who isn’t cutting back is George Soros. The ultra-liberal billionaire proudly announced that he will give $1 million to the super-PAC American Bridge 21st Century and another $1 million to the advocacy group American Votes. Both organizations favor causes on the left side of the political spectrum.
Canada stops making cents. The Royal Canadian Mint has produced its last penny. Ceremonies at the Mint’s manufacturing facility in Manitoba marked the end of a 150-year tradition. The coin cost the Canadian government 1.6 Canadian cents to mint; its elimination will save the country about $11.15 million a year. But don’t bother collecting them; with an estimated 20 billion pennies still in circulation, their value isn’t expected to rise anytime soon.
Money isn’t that important to this champion. Masters champion Bubba Watson shocked many golf fans when he withdrew from this year’s Players Championship, saying he wants to spend more time with his wife and newly adopted 2-month-old son. “The Players is one of the best weeks of the year but bonding with my son and wife is what it is all about right now,” Watson tweeted. The golfer was favored to win a big chunk of this year’s prize money: $1.7 million for the winner and a total purse of $9.5 million.