Thursday, February 14, 2008

Obama's Small Donors


photo: organizing meeting in ohio

"I am the itty-bitty guy behind the movement."
that's what Chuck Barracato of south texas told the LA times.
i am also an itty-bitty gal, contributing a small amount to the obama campaign. but it's the itty bitties from large number of people that is fueling what's now being called a "movement."
Obama raised $27.2 million in donations of $200 or less in 2007, compared with Clinton's $11.6 million, Federal Election Commission reports show.

Lately, the Obama fundraising approach has paid especially big dividends. It is easily outpacing Clinton's money-gathering operation, which began the race with a massive financial advantage and has relied more heavily on traditional big donors.

Clinton, by contrast, recently lent her campaign $5 million to ease a financial squeeze. Although Clinton aides insist they have plenty of money to compete, the campaign faces crucial contests March 4 in Ohio and Texas that each figure to cost $5 million or more.

The role of small donors is heartening advocates of campaign finance reform. Small donors, by definition, are not insiders seeking special access or favors in exchange for their largesse.

Obama has attracted high-end contributors too, who give the maximum $2,300 allowed by federal law per candidate during the primary season. But he has been particularly adept at cultivating small givers. read more.