By R. EMMETT TYRRELL, JR. on 8.23.12
Even his dog is in over its head.
WASHINGTON — It has been a very rough patch for Our President, and I do believe it is going to get rougher still. Do not be surprised, as the month goes on and August runs into September, that his campaign budget becomes tighter. President Barack Obama is spending more money than he is raising. It will get worse. A president who mismanages the federal budget the way Obama does cannot be expected to manage his campaign budget much better. Lavish spending, it turns out, is a way of life for the community organizer who became our 44th president. Lavish spending on Campaign 2012 will be looked back on and seen as one of the campaign’s greatest weaknesses. He can spend the money, but my guess is he will not be able to raise it.
Yet this week he had other headaches too. This week Politico finally reported the dissension and backbiting within the campaign that have been rumored for weeks. You will be hearing a lot about this in the weeks ahead. The magical team that David Axelrod and David Plouffe put together in 2008 is falling apart.