Today, President Obama sent out a campaign email essentially blaming his supporters if he loses. See, he’s supposedly being outspent. And because he’s supposedly being outspent, he’s losing. And he can’t spend more money unless his supporters fork it over.

This is the campaign version of Obama’s entire economic argument: he can’t fix the economy unless he spends more money. And unless we give him more money, he can’t spend it. So if the economy fails, it’s our fault.

Here’s the perverse logic:

Last week, when I was in Iowa, voters told me they were feeling it. The numbers back it up: Our side is getting outspent 2-to-1 on the air there.

But the folks asking me about this don’t want an explanation — they want to know what I’m going to do about it.

And the fact is that solving this problem is up to you ….

We’re losing this air war right now.

I don’t have as much time to campaign this time as I did in 2008, so this whole thing is riding on you making it happen.

Perhaps the most laughable aspect of this latest desperate missive is Obama’s assertion that he doesn’t have “as much time to campaign this time as I did in 2008.” He’s done nothing but campaign since the beginning of the year. From January to mid-June, Obama held more than 160 fundraisers. During that same period in 2004, President George W. Bush had held just 79 fundraisers.

Here’s the sad fact for Obama: nobody’s enamored with him anymore. His spendthrift ways haven’t just bankrupted the country – they’ve bankrupted his campaign. And he still blames everyone else.