This diary is meant mainly for the low information voters. Others can ignore.
Many low info voters think that majority of Obama's campaign money comes from small donors. This is a clever piece of work by this campaign.
Majority of his donors are small donors, but majority of his money doesn't come from small donors. His campaign says 90% of his donors are small donors. This is true. But 90% of his money doesn't come from small donors. Something like 50% does.
What this means - lets see with an example.
Say he has 10 donations totalling to 3600$.
This may be something like
200$,200$,200$,200$,200$,200$,200$,200$,
200$,1800$
So 90% of his donors donated 200$ or below.
But only 50% of the money is from these small donors
This info has been rather cleverly disguised from low information voters by the campaign.
From an LA Times article
Of the $20.3 million Obama's joint fundraising committees amassed in June, 86%, or $17.6 million, came in chunks of $5,000 or more; 64% came in increments of $28,500 or more, campaign finance reports filed over the weekend show.Frank Clark, head of Commonwealth Edison, which supplies electricity to Chicago, gave $2,300 to Obama early in the campaign and $28,500 last month to the Democratic White House Victory Fund.
John Rogers, founder of the Chicago investment house Ariel Capital, also gave the maximum to Obama's presidential account, and $13,000 to Democratic White House Victory.
According to the campaign, Clark and Rogers are among Obama's largest fundraisers, each having raised more than $200,000 from friends and associates.
Employees at Exelon, the parent company of Commonwealth Edison, have given more than $180,000.
McDonald's President Donald Thompson and Pepsi Chairman Robert Pohlad each gave $28,500. The Pohlad family, including Minnesota Twins owner Carl Pohlad, gave a combined $170,000 to Democratic committees.
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