"Progressive Media will not be running an independent ad campaign this year," David Brock, the head of the organization, confirmed in a statement obtained by The Fix this morning.
"Progressive Media was established to be an independent on-going progressive issue advocacy organization," Brock added. "We were not established for one issue, one candidate or one election cycle. But donors and potential donors are getting clear signals from the Obama camp through the news media and we recognize that reality."
Independent outside advertising groups will not play a role this cycle. If you're wearing your Democrat hat, don't worry. Here's Paul Krugman comparing the economy to electoral outcomes using a model from Alan Abramowitz.
Right now, GDP is flat (falling in the monthly estimates); Bush has a negative net approval of 30 percent or more; and people are tired of Republicans. So it ought to be a smashing Democratic victory. When I plug current numbers into the Abramowitz model (making a guess about 1st-half GDP and assuming that Bush approval in June will be about where it is today), it says 57-43 Democrats.
Democrats are going to romp. On the other hand, Obama is calling himself a 'former liberal', so progressives have work to do to make this a progressive victory not just a Democratic one. Remember, for all his caution, Obama has also said the following.
"I didn't' say I liked Ronald Reagan's policies," Obama explained. "What I said was that was the kind of working majority we need to form in order to move a progressive agenda forward."
UPDATE: The 'former liberal' comment was apparently a slip-up.