Executive Experience

I stand by my assertion that we should take Senator Obama at his word and judge him by the executive experience he has shown managing his campaign. You judge a CEO by profits, return on capital, and asset value -- right?

Let's give the Junior, part-time Senator high marks for revenue; he breaks a record for fund raising every time he turns around. But both Senators Clinton and McCain have achieved much higher poll-percentage per dollar. You can actually count delegates in Clinton's case. Divide the delegate counts by the revenue required and you'll see a real ass-kicking emerge.

So I question productive use of resources, Politico reports (Hat-tip: Insty) that he is still too cash strapped to share with the Democratic Senatorial Committee:

In rejecting a direct request from his Senate leader, Obama has put a fine point on the financial pressures he’s feeling as the presidential race turns toward the fall.

Obama raised a record-setting $66 million in August, leaving his campaign with about $77 million in cash now. Because he has turned down public financing, he can keep raising money through Election Day. John McCain, having accepted public financing, can’t do that — but he already has the $84 million in public money in his campaign coffers.

As for the equivalent of a stock price, I submit that their value on Intrade is a good proxy. McCain President 2008 trades this morning at 49.1. Obama's contract is 50.0 (McCain actually led last week) but you cannot doubt that McCain is getting better return on capital.

2008 Posted by jk at September 17, 2008 11:36 AM