2012 Fundraising Totals In – Obama Cleaning Up And Paul A Hypocrite
OpenSecrets released the fundraising totals thus far in the election season, with some surprising results and some surprising donors.
At $86.2 million, President Obama has raised more money than the combined total of the Republican field, at $78.2 million. At this point in the election, it may be too early to read much into that, since big donors are reluctant to back candidates until they are more or less a sure thing.
However, taking a look at where the money has come from, can be very revealing.
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Despite whining from the professional left, financial industry donations make up a relatively small part of Obama’s funds, with tech firms leading the way. Mitt Romney’s money, on the other hand, has come largely from banking. Food for thought for those saying that both parties are the same.
The true hypocrisy, as usual, comes from Ron Paul. Despite claims that he is anti-Wall Street and anti-War, he has a lot of donors from both Wall Street and the defense industry. Wall Street is understandable. Of course they love a candidate who believes in corporate lawlessness, but the defense industry? It’s doubtful they would spend a penny on a candidate they thought would end wars.
3:34 am
It never cesses to amaze me how professionally Republicans including the conservative leaning Supreme Court find ways to stack the deck against us working class people.
11:28 pm
This report does not seem to take into account the truly extraordinary amount of funds that have been raised by the super PACs, only a fraction of which has been slated to support Obama. The super PACs are out there waiting for a Repub frontrunner to emerge from the primary and then we’ll see them come to life like demons from the depths of hidden corporate finance.