Well, it's all over the news. Barack Obama raised more money the Hillary Clinton in the second quarter. There's lots of crowing too from the Obama fan clubs. I have to wonder though, isn't he just the Democratic version of Mitt Romney? Raising all the money, and yet basically going nowhere in the polls?
To me that says exactly one thing. He has about 250,000 passionate followers willing to give his campaign lots and lots of money (like the Mormons are giving to Romney), but ultimately they form just a very small subset of the voting public (like the Mormons). That's why his poll numbers don't seem to reflect the campaign money he receives - like Romney in the Republican polls.
When this piece of news sinks in on the Democratic side, they will put the money race into perspective. It's just a part of the overall campaign to gain the nomination. More specifically, I think are the important factors of qualifications, effectiveness in the debates and forums, national appeal as well as state appeal in polls, organizational skills, ability to avoid self-inflicted wounds, and passion for the job are equally important. On all of these counts, Hillary Clinton is clearly doing the best among the Democratic candidates.
Time will tell, but I do not think all of Obama's money is going to translate into votes in the primaries and caucuses - remember Howard Dean? Can you say deja vu all over again?