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| -Election 2012 |
| Sixty percent of Obama funds comes from 1%ers |
| 2012-02-01 |
| President Obama raised more than $56 million in the fourth quarter of 2011 for his re-election bid, $24 million of which came through a channel that allowed him to raise money from wealthy donors in chunks of more than $30,000. At least $9 million of that haul came from just 88 newly enlisted wealthy power brokers, which the campaign has attempted to brand as “volunteer fundraisers.” About one-third of the $56 million came from people giving $200 or less. Small donors make up one-fifth of the Obama re-election money raised in 2011. While the Obama campaign consistently has touted its grass-roots, small-donor fundraising appeal, the reach of the tentacles of a few hundred people, largely Hollywood moguls, Wall Street financiers and Chicago establishment figures, is astonishing. Of $120 million raised in 2011, 445 bundlers gathered at least $75 million for Mr. Obama, and likely much more. |
| Posted by:tipper |
| #1 They're the only people who can afford Marxism. |
| Posted by: Bright Pebbles 2012-02-01 21:28 |