NY Times: New Stable of Wealthy Donors Fueled Obama Campaign’s Record Fund-Raising Quarter

[ruggerson]

"President Obama recruited roughly 150 new elite donors, raising as much as a half a million dollars each, to help propel him to a large and early lead over his Republican opponents in the race for campaign cash, according to campaign filings released last week.

The new fund-raisers, including Silicon Valley executives, people active in gay rights causes and onetime supporters of Hillary Rodham Clinton, dominate the list of top donors that Mr. Obama’s campaign released on Friday, according to an analysis by The New York Times. Known as bundlers, they are typically deep-pocketed supporters who tap friends and business associates to raise money for candidates."

<snip>

"... Mr. Obama’s election filings suggest that the president’s grassroots machinery is being financed by a relatively small group of big-ticket donors. The largest individual checks Mr. Obama raised — up to $30,800 per donor — went to a joint account with the Democratic National Committee, which can accept contributions far in excess of the $5,000 Mr. Obama may accept from any individual person over the course of his campaign.

Those large checks fueled a $38 million haul that Democrats are using to open field offices. Less than 2 percent of that total came from checks of less than $200, according to Mr. Obama’s campaign filings."

FULL STORY

[1stlady]

1. Good!!

I'm glad to see he's extreemly far ahead of the rethuglicans in fundraising!! GObama!!

[CakeGrrl]

2. Good. This will offset whatever money is lost from

those who have said they will MAYBE hold their nose while they vote but won't lift a finger to do anything more.

[mazzarro]

3. Oh - I see!

So those of us irked by his constant capitulation - I mean compromises - to the rethugs should just STFU and endure another four more years of B*sh-lite administration! Thanks a lot!

[Politicub]

5. Try holding your breath

It will be as effective as withholding your vote. And more people would probably care.

People threatening to abstain from voting have no clue or sense of reality.

[jenmito]

6. Wow-not only did you claim she said things she didn't even come CLOSE to saying,

you managed to unjustly insult Obama and his entire administration, too.

[Politicub]

4. Awesome. It will take every penny!

[kath]

7. Will these people also knock on doors, make phone calls, pass out signs, etc.??

[Fire1]

8. Hell yeah!!! n/t

[Autumn]

9. Damn good thing they got that tax break

extension. They can afford it.

[vroomvroom]

10. Although Nice we Still Need a RESPECTABLE Campaign Finance System

Although its nice our side is getting the money it still is broken and i think the system should be rewritten so the money is restricted and only financed by tax dollars...no contributions. And the window for campaigning/election is much shorter.

Lets face it, with these big donors it is clear Obama MUST be beholden to what they want and virtually always it is tax breaks or less regulations.