Washington Babylon — August 5, 2008, 9:35 pm

Obama’s Money: Will his big donors top Bush’s Pioneers and Rangers?

I posted an item last week noting that Barack Obama’s presidential campaign liked to talk about all the money it has raised from small donors, but that it was raking in big bucks from traditional fat cats as well. I included in the item a fundraising pitch for Obama that offered seats at a dinner for him at $15,000 per head or $28,500 per couple (a price that included a photograph with the candidate as well).

The New York Times has just published a story about Obama’s fundraising operation that says:

In an effort to cast himself as independent of the influence of money on politics, Senator Barack Obama often highlights the campaign contributions of $200 or less that have amounted to fully half of the $340 million he has collected so far. But records show that one-third of his record-breaking haul has come from donations of $1,000 or more: a total of $112 million, more than Senator John McCain, Mr. Obama’s Republican rival, or Senator Hillary Rodham Clinton, his opponent in the Democratic primaries, raised in contributions of that size.

Behind those larger donations is a phalanx of more than 500 Obama “bundlers,” fund-raisers who have each collected contributions totaling $50,000 or more. Many of the bundlers come from industries with critical interests in Washington…While his campaign has cited its volume of small donations as a rationale for his decision to opt out of public financing for the general election, Mr. Obama has worked to build a network of big-dollar supporters from the time he began contemplating a run for the United States Senate. He tapped into well-connected people in Chicago prior to the 2004 Senate race, and once elected, set out across the country starting to cultivate some of his party’s most influential money collectors.

He courted them with the savvy of a veteran politician, through phone calls, meals and one-on-one meetings; he wrote thank-you cards and remembered birthdays; he sent them autographed copies of his book and doted on their children. The fruits of his efforts have put Mr. Obama’s major donors on a pace that almost rivals the $147 million raised by President Bush’s network of Pioneers and Rangers in contributions of $1,000 or larger during the 2004 primary season.

Share
Single Page

More from Ken Silverstein:

From the June 2012 issue

The government’s man

How to read the r??©sum??© of a terrorist expert

Washington Babylon September 29, 2010, 11:37 am

Signing Out

Get access to 163 years of
Harper’s for only $19.97

United States Canada

CATEGORIES

THE CURRENT ISSUE

June 2013

How to Make Your Own AR-15

= Subscribers only.
Sign in here.
Subscribe here.

Long Division

= Subscribers only.
Sign in here.
Subscribe here.

The Separating Sickness

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

[Editor's Note]
Why the AR-15 rifle is here to stay,
the conspiracy theories of Room 237,
and more
[Perspective]
The firearm as emblem of personal sovereignty
“Let’s review our recent national paroxysm about guns, shall we?”
Illustration by Jeremy Traum
[Report]
How to Make Your Own AR-15

= Subscribers only.
Sign in here.
Subscribe here.

“Even if federal gun-control advocates got everything they wanted, they couldn’t prevent America’s most popular rifle from being made, sold, and used. Understanding why this is true requires an examination of how the firearm is made.”
Illustration by Jeremy Traum
[Harper's Finest]
Wherein the author enrolls in a clinical drug trial
“This is the heart of the magic factory, the place where medicine is infused with the miracles of science.”
Illustration by Ernst Kreidolf
[Report]
Broken Heartland

= Subscribers only.
Sign in here.
Subscribe here.

“During the early 1990s, farmers throughout the Great Plains began to notice a decline in their wells. Irrigation systems from the Dakotas to Texas dipped, and, in some places, have been abandoned entirely.”
Illustration (detail) by Jeffery Smith

Ratio of military recruiters to college counselors at East Los Angeles’s Roosevelt High School:

5:1

The majority of young Swedish women are attracted to both men and women.

“My body was quite happy,” said ISS mission commander Chris Hadfield. “I learned to talk with a weightless tongue.”

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Article — From the May 2007 issue

Manufacturing Depression

By

“This is the heart of the magic factory, the place where medicine is infused with the miracles of science, and I’ve come to see how it’s done.”

Subscribe Today