The corrosive nature of political contributions
October 22, 2008
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From the Washington Post, “Big donors drive Obama’s money edge“:
Lost in the attention given to Obama’s Internet surge is that only a quarter of the $600 million he has raised has come from donors who made contributions of $200 or less, according to a review of his FEC reports. That is actually slightly less, as a percentage, than President Bush raised in small donations during his 2004 race, although Obama has pulled from a far larger number of donors.
Mark my words: this will cause problems for President Obama.