"Obama’s Fundraising and the Small Donor Myth"
Barack Obama got his campaign money through tapping a huge small-donor network, right? Mmm, maybe not.
The Campaign Finance Institute released a new study that tallied "small donors," whose repeated contributions made them medium- or large-size donors. And the study—partially—punctures the myth of the small Obama donor. And it leaves a couple of questions unanswered. . . . .
But the study also shows that the percentage of donors giving a total of less than $200 was not dramatically different from that of McCain, Bush, or Kerry.
To wit: 26 percent of Obama donors gave a total of less than $200, which is only a hair more than the 25 percent who gave that amount to George W. Bush in 2004. (McCain: 21 percent, Kerry: 20 percent—I wonder if going further back, one would find a correlation between "winning" in this category and winning the popular presidential vote.)
Obama distinguished himself in the medium- and large-donor categories. Donors totaling $201-$999 accounted for 27 percent of Obama donors (McCain: 20 percent, Kerry: 24 percent, Bush: 13 percent) and donors giving a total of $1,000 or more made up 47 percent of Obama's patrons (McCain: 59 percent, Kerry: 56 percent, Bush: 60 percent).So, good for him in that regard. . . . .
The Campaign Finance Institute report can be found here.