Hope and change has circled the drain in 2012, and another sign has emerged that the enthusiasm factor that propelled Barack Obama to a decisive victory in 2008, is no longer palpable in the upcoming election.

Buzzfeed politics has run an analysis of campaign finance data, which shows that 88% of the people who had donated $200 or more to Obama in 2008, have not yet donated that sum this year.  Buzzfeed stresses that this isn’t just an issue of timing, as most donors had pledged their financial support by April of the previous Presidential election cycle.

Ironically enough, part of the contributing factor for the lack of donations is the economy, as Obama supporters simply don’t have any extra cash to contribute.  An excerpt from the report reads:

But Obama’s policies are not the only reason why families like the Elkins have not contributed to the campaign this year, however.

“Our finances have changed a little bit,” Elkin said.

Obama raised most of his money before the 2008 financial crash that sent the global economy into a spiral from which it hasn’t fully recovered. Unemployment stood at 4.9% when Iowa Democrats chose him on January 3, 2008. It ticked back up to 8.1% this April.

“Financially, I had more money back then than I do today,” said Greg Holmes, who works in the technology sector in Cedar Park, Texas, and gave $550 last cycle. “I’ll vote for him, but I probably won’t give any money.”

“I don’t have as much money,” said Ann Walling, a retired Episcopal priest from Franklin, Tenn. who donated $1,900 to Obama in ‘08. Money aside though, Walling is still pledging her vote to Obama. “For the most part I’m very happy with him,” she said.

“I’ve had to kind of back off my charity giving,” said Leah Jones, a retired clinical microbiologist from Langdon, Kan., who gave $1,200 last cycle but said she’s been driven to the financial brink by a son’s illness, and hasn’t even paid her income taxes yet.

When President Obama stated that he would be a one term wonder if he was unable to turn the economy around in three-and-a-half years, perhaps this was what he was referring to…