The Mudcat Café TM
Thread #139800   Message #3314121
Posted By: beardedbruce
27-Feb-12 - 12:44 PM
Thread Name: BS: King Obama
Subject: RE: BS: King Obama
http://www.huffingtonpost.com/2011/07/18/obama-campaign-fundraising_n_901569.html

"WASHINGTON -- President Barack Obama set a high bar for 2012 presidential campaign fundraising after reporting a haul of $46 million in his second quarter campaign finance filings released on Friday. The president's campaign is, yet again, relying on a mix of small-dollar donors and big-dollar bundlers to pay for a campaign that experts project will raise a total of close to $1 billion."

"This doesn't mean that the Obama campaign is shunning big money. The campaign also relied on a stable of 244 bundlers, donors who collect checks to deliver to the campaign. Those bundlers delivered at least $37 million, according to campaign's report of the minimum amount each bundler produced. This total was for both the Obama campaign and the Obama Victory Fund, a joint fundraising vehicle, according to campaign spokesman Ben LaBolt.

The campaign also relied on a joint fundraising vehicle that forwarded $20.5 million to the Democratic National Committee and $12.75 million to Obama for America. The Obama Victory Fund raised more than 50 percent of its total from donors maxing out at $35,800 and more than 90 percent from donors giving $10,000."