Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (511878)	10/6/2012 1:50:16 PM
From: FJB	Respond to of 794292

Obama team raised $181 million in September BY LYNN SWEET/lsweet@suntimes.com Washington Bureau Chief October 6, 2012 12:20PM President Barack Obama’s campaign manager Jim Messina announced Saturday raising $181 million in September, between the campaign and the Democratic National Committee, the biggest month of the 2012 campaign.

To: FJB who wrote (511878)	10/6/2012 3:14:36 PM
From: FJB	2 Recommendations Respond to of 794292

Something very fishy here... Windfall: Obama Raises $181 Million, Only Around 2% of Donations Reportable http://www.breitbart.com/Big-Government/2012/10/06/windfall-obama-raises-181-million-only-2-reportable 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. Today's report certainly adds a great deal of interest to this news story from last week.