Thursday, September 13, 2012

Obama Grows More Reliant on Big-Money Contributors

The New York Times reports:
Each individual or couple is also assigned a lifetime Obama total. Topping the list is Jeffrey Katzenberg, the Hollywood producer, who, along with his fund-raising partner, Andy Spahn, has brought in at least $6.6 million combined for the 2008 and 2012 campaigns, according to the documents.

The top fund-raiser for 2011 and 2012 is Andrew Tobias, a Miami-based author who is treasurer of the Democratic National Committee and a major bundler for Mr. Obama among gay donors. Terry McAuliffe, a former party chairman and Bill Clinton loyalist, shot into Mr. Obama’s top bundler ranks this year after he and Mr. Clinton agreed to hold a Virginia fund-raiser for Mr. Obama. He has raised about $2.2 million for Mr. Obama, according to the documents, more than all but a few supporters.

Because not all of Mr. Obama’s bundlers are represented through the end of May, the documents may understate the total that top supporters have raised for Mr. Obama. But even so, they reveal how dependent even Mr. Obama — whose grass-roots fund-raising machine is unrivaled in political history — is on a relative handful of wealthy individuals raising millions of dollars on his behalf, often while having significant business or legal interests before the Obama administration.
Barack Obama(Democrat-Katzenberg).