An interesting piece that debunks a common myth about Obama. Did he really win because of small donors?
The institute found that while nearly 50 percent of Mr. Obama’s donations came in individual contributions of $200 or less, in reality, only 26 percent of the money he collected through Aug. 31 during the primary and 24 percent of his money through Oct. 15 came from contributors whose total donations added up to $200 or less.
Those figures are actually in the same range as the 25 percent President Bush raised in 2004 from donors whose contributions aggregated to $200 or less, the 20 percent Senator John F. Kerry collected from such donors and Senator John McCain’s 21 percent from the same group.
I guess big money is still dominant…sometimes it pays to have someone go back after-the-fact.
This myth has persisted for four years and will probably be used in the current campaign.