John Ransom

The first hour was all fun, all idle nonsense and laughter. But that could not be kept up. The steady drudging became like work, the play had somehow oozed out of it, the stillness of the woods and the sombreness of the night began to throw a depressing influence over the spirits of the boys and presently the talking died out and each person shut himself up in his own thoughts. During the last half of the second hour nobody said a word. – Mark Twain, The Private History of a Campaign That Failed

Obama has a problem spending money apparently. And now even Democrats are finding it out.

The Billion Dollar man is running through campaign cash at such high rate, says FoxNews, that the president has had to take the unprecedented step of adding even more fundraisers between now and election-day.

“The Obama campaign is sitting on mountains of cash right now,” writes Chris Stirewalt of Fox’s Powerplay, “but he is burning through it at an astonishing rate. Rather than the more traditional approach of an incumbent to run lean through the spring and summer before building out a larger apparatus, Obama started big and has gotten bigger. Even before he started nuking Romney with on-air character attacks, Obama was spending some $20 million in one month for staff, facilities, technology and other campaign infrastructure.”

For a guy who has mostly wanted to be known as the “Vacation” president; or perhaps the “Golfing” president; or the “What’s-a-Job?” president; or even the “You-Didn’t-Build-That-Because-My-Plan-Worked-But-Don’t-Blame-Me-Because-I-Just-Read-The-Stuff-They-Steal-From-Elizabeth-Warren” president this is actually a positive development.

Every day that Obama stays away from the Oaf-al Office means another day where Obama’s not doing the job of president of the United States.

Think of it as a kind of paid-leave of absence for the One.

Imagine if we had just given him a paid sabbatical in 2009.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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