The President will not raise a billion dollars for the 2012 election. At least, not without half of his campaign staff being indicted for various fraud-related practices in 2013.
Yes, I know that the man raised almost $750 million in 2008. The economy wasn’t in the tank back then, either. And the base hadn’t had their guy break his promises to them on a daily basis for three years. And the populace in general hadn’t had three years’ worth of Change That You Can Believe In, or whatever the phrase was back then…
I don’t think he will come close to $750M in 2012. But regardless if he spends $1 or $1 billion, he will get 43% of the popular vote.
Have you forgotten Obama’s campaign turned off the address verification for online donations and all the money he got from “Will, Good” and “Saddam Hussein, Spider Hole, Tikrit”? A billion dollars is sofa money for Obama’s foreign donors. The world has enough billionaires now that a single person is able to buy the presidency of the United States without having to scrimp on caviar.