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Detailed text transcripts for TV channel - MSNBC - 20120513:11:06:00

The one element of his fund-raising coalition that is absent this year and it s a big problem for him, both in terms of the campaign and in terms of the democratic superpac that s allied with the president is wall street. where president obama raised a lot of money in 2008. and that well has gone dry for him. so he s looking for new sources of money. i don t think that necessarily this decision was calculated to have that effect. but it may have that effect. he s replaced a lot of wall street money with gay donors. they are now, i believe the number is one in six of his bundlers are from the gay commune. this zig, as i said, not calculated necessarily for financial profit or dividends for him but it s going to pay those for him. he does need that money. right now there s no one on orth side that doesn t acknowledge that the president will be the first incumbent president that will get outspent in this election. that s a significant problem. he will be outspent, that s your assessment ....

President Obama , Wall Street Money , Wall Street , Doesn T ,