If lots more corporate money starts moving toward Obama, it’s a sign that fat cats think the race is all but over
Noah Millman of the American Conservative has an INTERESTING THEORY:
The business community – Wall Street in particular – has been overwhelmingly supportive of Mitt Romney this year. But that is neither typical – there was a lot of support for Obama last time around, from Wall Street in particular – nor particularly wise if a Romney victory is doubtful.
Paul Krugman suspects that the Romney campaign’s attempts to spin away President Obama’s poll lead is an effort to prevent corporate donors from hedging their bets by donating to Obama as well. I doubt that – spinning is what campaigns do; they don’t need a reason. But he’s right that if it looks like Obama has a good chance of winning, he should suddenly discover that Wall Street and other corporate donors who have been shunning him become much more generous. President Obama’s fundraising numbers have already been perfectly respectable, but if they become substantially better than respectable that will be another sign that the smart money thinks this game is probably over.