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Thinks Obama Attracted More Small Donors? It’s a Myth

Ken Dilanian 26 November 2008 No Comment

Despite attracting millions of new contributors to his campaign, President-elect Barack Obama received about the same percentage of his total political funds from small donors as President Bush did in 2004, according to a study released today by the non-partisan Campaign Finance Institute.

The analysis undercuts Obama’s claim that his supporters “changed the way campaigns are funded” by reducing the influence of special-interest givers.

“The myth is that money from small donors dominated Barack Obama’s finances,” said Michael Malbin, the institute’s executive director. “The reality of Obama’s fundraising was impressive, but the reality does not match the myth.”

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