The last-ditch shenanigans continue.
Please consider donating to Romney/Ryan here.
OBAMA RAISES $181 MILLION IN SEPT -- AND JUST 2% TO BE REPORTED.
Please consider donating to Romney/Ryan here.
OBAMA RAISES $181 MILLION IN SEPT -- AND JUST 2% TO BE REPORTED.
The Obama campaign dropped a bombshell this morning. It announced that, combined with the DNC, the campaign raised a staggering $181 million in September. The windfall is a huge increase over July and August, when the campaign raised around $100 million, although it is slightly down from the $193 million it raised in September 2008. The news should raise eyebrows.
The campaign said that just over 1.8
million people made donations to the campaign last month. According to
the campaign, over 500k of these were brand-new donors, having neither
given in 2008 nor 2012. 98% of contributions were under the reporting
threshold of $250. Of these, the average contribution was $53.
Its really a tale of two worlds. 35k people
gave an average of $2,600, while just over 1.7 million people gave an
average of $53. Half the campaign's haul came from people giving around
the maximum amount and half from people who don't have to be disclosed.
Seems a bit odd.
The average of $53 from small donors is
particularly noteworthy. Contributions under $200 don't have to be
disclosed, but the campaign still has to keep track of the donor's name,
in case subsequent donations push their contribution over the reporting
threshold.
For contributions under $50, however, the
campaign doesn't even have to keep track of the donor's name. It is
effectively considered a "petty cash" donation. A person could
theoretically make 10 $49 donations and never be reported, even though
their total contributions are above the FEC's reporting threshold.
With an average donation of $53 from small
donors, Obama has A LOT of donors who will never be disclosed and whose
names aren't even known to the campaign. Tens of millions of dollars
worth.
Was Obama rattled by developing donor scandal story?
President Obama's reelection campaign,
rattled by his Wednesday night debate performance, could be in for even
worse news. According to knowledgeable sources, a national magazine and a national web site are preparing a blockbuster donor scandal story.
Sources told Secrets that the Obama
campaign has been trying to block the story. But a key source said it
plans to publish the story Friday or, more likely, Monday.
According to the sources, a taxpayer watchdog
group conducted a nine-month investigation into presidential and
congressional fundraising and has uncovered thousands of cases of credit
card solicitations and donations to Obama and Capitol Hill, allegedly
from unsecure accounts, and many from overseas. That would be a
violation of federal election laws.
The Obama campaign has received hundreds of
millions in small dollar donations, many via credit card donations
through their website. On Thursday, the campaign announced a record
September donor haul of $150 million.
At the end of the 2008
presidential campaign, the Obama-Biden effort was hit with a similar
scandal. At the time, the Washington Post reported that the Obama
campaign let donors use "largely untraceable prepaid credit cards that
could potentially be used to evade limits on how much an individual is
legally allowed to give or to mask a contributor's identity."
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