Another day, another media-generated Obama myth destroyed. This time it turns out that those hordes of small donors everybody knows contributed Obamoney to Obama in such huge numbers were actually not really there at all – at least not in the numbers that were touted. That is not to say that Obama’s fundraising was not impressive – obviously, it was. But the money from large contributers dwarfed the amount from small, individual donors. In fact, 80% of Obama’s money came from large donors, many of them multiple repeater donors.
The reported numbers show that Obama actually received 80% more money from large donors (those giving $1,000 or more total) than from small donors.
Through the Democratic National Convention, the Institute estimates, Obama received $119 million from genuine small donors, an impressive sum, to be sure.
But not as impressive as the $210 million he’d raised by then from bundlers and large donors.
“After a more thorough analysis of data from the Federal Election Commission (FEC),” the CFI study says, “it has become clear that repeaters and large donors were even more important for Obama than we or other analysts had fully appreciated.”
Expect the media to widely ignore this study by the nonpartisan Campaign Finance Institute. It doesn’t fit the narrative they want told. But truth will out. Just another item showing how far into the tank the media was for Obama. And a hint of how much damage that will do to them when people realize they were sold a bill of goods by the MSM.