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Half of Obama's campaign donations come from deep pockets


For all the talk from President Obama's team bemoaning big money in politics, about half of his campaign is powered by people who roll in it.

Via the New York Times:

In the race for cash, Mr. Obama often praises his millions of grass-roots donors, those die-hards whose $3 or $10 or $75 contributions are as much a symbol of the president’s political identity as they are a source of ready cash. But his campaign’s big-dollar fund-raising has become more dependent than it was four years ago on a smaller number of large-dollar donors and fund-raisers.

All told, Mr. Obama’s top “bundlers” — people who gather checks from friends and business associates — raised or gave at least $200 million for Mr. Obama’s re-election bid and the Democratic National Committee through the end of May, close to half of the total up to that point, according to internal campaign documents obtained by The New York Times.

[New York Times]

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