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 that have been rumored for weeks within the campaign. 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.
At "The American Spectator," we reported years ago that this team was in reality the greenest pack of greenhorns ever assembled to take over a White House. For over three years, the mainstream media have covered for the Obama galoots. It is a perfect example of the Taranto Principle by which the mainstream media's biased reporting only encourages liberal excess. Well, now Axelrod and Valerie Jarrett and all the rest of Obama's minor figures who aspired to be major players are at each other's throats. It will fall to the president to gather them up and lead them to one more term in the White House. Except that as Ron Suskind demonstrated in his excellent book, "Confidence Men," Obama does not lead. He cannot. He just walked out on another meeting.
But there is more. Niall Ferguson dominated the cover of "Newsweek" to tabulate the carnage that is our economy. Also he added up the foreign policy failures of the administration. It does not look good. Ferguson rather rudely asked Obama to "Hit the Road, Barack." Finally, the president reported that his dog Bo is overweight and will be going on a diet.