socialmedian: Big Donors Among Obama's Grass Roots

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Big Donors Among Obama's Grass Roots

Submitted by Planspark

Apr 11, 2008

Summary

By Matthew Mosk and Alec MacGillis
Washington Post Staff Writers
Friday, April 11, 2008; Page A01

Sen. Barack Obama credits his presidential campaign with creating a "parallel public financing system" built on a wave of modest donations from homemakers and high school teachers. Small givers, he said at a fundraiser this week, "will have as much access and influence over the course and direction of our campaign that has traditionally been reserved for the wealthy and the powerful."

But those with wealth and power also have played a critical role in creating Obama's record-breaking fundraising machine, and their generosity has earned them a prominent voice in shaping his campaign. Seventy-nine "bundlers," five of them billionaires, have tapped their personal networks to raise at least $200,000 each. They have helped the campaign recruit more than 27,000 donors to write checks for $2,300, the maximum allowed. Donors who have given more than $200 account for about half of Obama's total haul, which stands at nearly $240 million. Read the full article

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