The truth about Romney's $106million


The media made a lot of noise about Mitt Romney’s big June of campaign donations where his campaign was able to outraise the Obama campaign $106M to $71M.  What the U.S. media failed to do, after all they had to contend with the Tom/Katie break up,  was dig a little deeper into the numbers. Here is a quick breakdown:

·         98% of President Obama’s June donations were for $250 or less.  94% for Olympic organizer and government bail-out recipient Mitt Romney.

·         The average amount of a donation to President Obama’s campaign was $52.  The average for Swiss Mitt’s campaign was $190.

·         $84million (out of $106million)of Governor Etch-A-Sketch’s take came from donations averaging $2,400.

·         80% of the donations to the King of Bain’s campaign came from just 6% of the total count of donations.

·         Only 11% of the donations to the Rafalca for 1st Horse Campaign came from people donating <$200 whereas 41% of President Obama’s donations were for <$200.

·         706,000 people donated to President Obama’s campaign versus only 560,000 donors to the Romney campaign

What does tell us?  Here are some conclusions:

·         Romney’s base, if that’s what you want to call it, is almost exclusively coming from big time wealthy investors.  Not a broad base, more like a leaning tower.

·         President Obama’s base is much broader and diversified.

·         The surge in Romney’s fund raising correlates to him vanquishing his Republican opponents.

As Bill Allison of the Sunlight Foundation points out “Romney’s problem is that he has been raising money from big donors and they are maxing out, and eventually he’s going to run out of rich guys.  Obama relies on small donors and he will be able to go back to them for $10 or $25 all the way to the end.”

Perhaps the real story is that Romney is indeed the candidate of the 1% and President Obama is the candidate of the 99%.  After all money talks.

Comments

Post a Comment

Popular posts from this blog

Being a good Jew and what is the Christian thing to do

This weekend we are at the nexus of Christianity’s Easter and Judaism’s Passover, which isn’t too surprising considering the Last Supper was actually a Seder; I did lean something on my tour of Jerusalem.   This weekend Christians observe the crucifixion and resurrection of Jesus while Jews celebrate the Moses led exodus from Egypt to the Promised Land, meaning this weekend we can expect Ben Hur, The Ten Commandments, The Robe, The Greatest Story Ever Told, and many other films to be broadcast.   So on this weekend where the Judeo-Christian faiths observe very important holidays, I ask: What is a good Jew?   What is the Christian thing to do?   These are not flippant or frivolous questions.   Do people practice what they preach?   Does going to a place of worship make you a better person?   Is Deepak Chopra correct when he says “All religions are cults with many followers.”? Full disclosure, I was raised Jewish, was Bat Mitzvah’d at 13, attended Frid...
Read more

A Secular American Jew and a Love for Israel

As many of you know, I have dedicated many postings to the State of Israel on a range of topics including: it’s history, the present day government, the Jewish-Palestinian question, and the region in general.   Growing up in a liberal conservative Jewish household (the oxymoron is quite common as American Jews were almost exclusively political liberals and the conservative branch of Judaism the most common) and attending Hebrew school as a kid you obviously build an affinity for the State of Israel.   I do not remember the Six-Day War of 1967, but I have vivid memories of celebrating Israel’s 25 th anniversary in 1973 and the Yom Kippur War later that year.   As a ten year old attending Yom Kippur services I saw the worried looks on my parents and the other adults at the shul as members of the congregation would periodically step outside to get news reports from car radios and transistor radios (We still drove and used electrical appliances during the high holidays, thou...
Read more

We live in a world of imperfect choices

“We live in a world of imperfect choices.” Those words were spoken today by President Obama during his speech at the United Nations General Assembly.   Eight simple words that adeptly describe most geopolitical situations and the decisions world leaders face.   We live in an uncertain world were the only certainty is being second guessed.   Second guessed by political pundits and opposition mouth pieces whose only skill is Monday morning quarterbacking and backseat driving. Imperfect choices indeed. Syria: Get involved to stop the slaughter and risk getting bogged down in another Middle East Muslim nation.   Force regime change to get rid of a despotic butcher, only to risk replacing him with a failed state home to terrorists or a radical Sunni regime committed to attacking Israel.   Arm the rebels so they can defend themselves, and in the process increase the rate of killing and perhaps arming the same guys we way fight in the near future. Egyp...
Read more