Sunday, November 30, 2008

Obama's small donor base image is a myth, new study reveals

Everybody knows how President-elect Barack Obama's amazing campaign money machine was dominated by several million regular folks sending in hard-earned amounts under $200, a real sign of his broadbased grassroots support.

Except, it turns out, that's not really true.

In fact, Obama's base of small donors was almost exactly the same percent as George W. Bush's in 2004 -- Obama had 26% and the great Republican satan 25%.

It turns out that many donors gave multiple small amounts that added up to the legal maximum.  Plus, we should remember that the Obama campaign disabled the normal checks on credit card donations, which makes it easier to evade campaign finance limits.

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