Obama’s small donor base is a myth.
George W. Bush. I shit you not. From the LAT writeup:
But the nonpartisan Campaign Finance Institute just issued a detailed study of Obama’s donor base and its giving. And that’s what the Institute found, to its own surprise.
“The myth is that money from small donors dominated Barack Obama’s finances,” said CFI’s executive director Michael Malbin, admitting that his organization also was fooled. “The reality of Obama’s fundraising was impressive, but the reality does not match the myth.”
Adding up the total contributions from the same small individuals (in terms of dollar amounts, not their height), the Institute discovered that rather than the 50+% commonly….
…reported throughout the campaign, only 26% of Obama’s contributions through last August and only 24% through Oct. 15 came from people whose total donations added up to less than $200.
The key word there being “total.”
Ain’t that some shit?