... and thereby chooses gay money over black and hispanic votes.
The New York Times is in full hagiography mode by comparing Obama to Lyndon Johnson on making a risky move in favor of civil rights.
On the other hand, Wintery Knight points out that Obama's "risky" move came 48 hours after gay donors cut off their funding to Obama. A liberal columnist at the Washington Post writes:
Some leading gay and progressive donors are so angry over President Obama’s refusal to sign an executive order barring same sex discrimination by federal contractors that they are refusing to give any more money to the pro-Obama super PAC, a top gay fundraiser’s office tells me. In some cases, I’m told, big donations are being withheld.
Jonathan Lewis, the gay philanthropist and leading Democratic fundraiser, is one of many gay advocates who has been working behind the scenes to pressure Obama to change his mind. When Obama decided against the executive order last month, arguing that he would pursue a legislative solution instead, advocates were furious — such a solution will never pass Congress, the executive order has been a priority for advocates for years, and the move smacked of a political cave to conservatives who will not support Obama no matter what he does.
Buzzfeed Politics writes:
President Barack Obama’s endorsement of gay marriage carries a political cost, but it also means floods of cash from wealthy gay donors and disillusioned young people eager to be inspired by him again.
After three years of political compromise on issues from health care reform to spending cuts, Obama delivered a surprise gift to what many of his core supporters view as the civil rights issue of the day, simply by saying what everyone assumed he believed. But the distinction between implying a change and saying it outright will more than symbolic in the crucial area of campaign fundraising. Already, gay donors, mostly men, reportedly constitute 1 in 6 of Obama’s top fundraisers known as bundlers. And in the first 90 minutes after the news broke Wednesday, the campaign received $1 million in spontaneous contributions, a Democrat told BuzzFeed.
Of course, since blacks and hispanics, and let's not forget Catholics, oppose same-sex marriage, it looks like Obama has written off enthusiastic support from those groups.