Where did the money come from?

During this hypocritical mock election season we heard many people asking: Where did the money come from? Still, the morning after the Midterm Election the questions continue to linger. The political experts and the special interest lobbyists frequently questioned their supposed opponents on the source of their donations. On another note, California Gubernatorial candidate Meg Whitman spent a whopping $142 Million of her personal fortune to secure the office. Yet, the questions about the source of money for running a political campaign remain. Let's turn the clock back 2 years and examine the humongous amount of money raised for the 2008 presidential campaign by President Obama. Where did that money come from?

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October 19, 2008, 7:03 am

Obama Raised Record $150 Million in September

By KATE PHILLIPS

The Obama campaign announced this morning that it had raised a record $150 million last month, and had added 632,000 new donors to its total.

The amount shattered the campaign’s previous record from August. The McCain campaign also had a record-breaking month in August, but is now operating with the $84 million provided by public financing for the general cycle and assistance from the Republican National Committee under certain limits.

In announcing the Obama figure, David Plouffe, the campaign manager, said the average donation for September was less than $100. Mr. Obama, however, did hold several mega fund-raisers in September that pumped millions of dollars each into his coffers, including a Barbra Streisand-Hollywood event that alone collected a reported $11 million.

(Excerpt)

http://thecaucus.blogs.nytimes.com/2008/10/19/obama-raised-record-150-million-in-september/?hp

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