(Politico) American Election 2012: The myth of the small donor

Posted by Kendall Harmon

Make no mistake, there is no shortage of [smaller donors such as] Susan Daoles this year: Roughly 2.5 million people have kicked in $200 or less to the various committees helping their candidate win the White House.
But those 2.5 million people account for less than 18 percent of the total money haul.

By contrast, 2,100 donors giving $50,000 or more have contributed about $200 million to the Obama and Romney campaign committees, victory funds and their supportive super PACs. That’s far more than the $148 million all those 2.5 million small donors contributed through the end of June, according to an analysis of Federal Election Commission data by POLITICO and the Campaign Finance Institute.

In other words: In an election purportedly being driven by the economic concerns of the middle class, the top 0.07 percent of donors are more valuable than the bottom 86 percent.

Read it all.

Filed under: * Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePolitics in General* International News & CommentaryAmerica/U.S.A.* TheologyEthics / Moral Theology

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Posted August 9, 2012 at 5:15 am [Printer Friendly] [Print w/ comments]
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