Big Money Still, Well, BigSubmitted by Katie Schlieper on Fri, 04/11/2008 - 3:35pm.
Lest the stories about increased small-dollar donor participation in this year's Presidential contest have you thinking that big donor influence has been thwarted, the Washington Post has this front page story on the current poster candidate for small donors, who raises plenty of money the old-fashioned way.
But those with wealth and power also have played a critical role in creating Obama's record-breaking fundraising machine, and their generosity has earned them a prominent voice in shaping his campaign. Seventy-nine "bundlers," five of them billionaires, have tapped their personal networks to raise at least $200,000 each. They have helped the campaign recruit more than 27,000 donors to write checks for $2,300, the maximum allowed. Donors who have given more than $200 account for about half of Obama's total haul, which stands at nearly $240 million.
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