McCain's Elite Fundraisers Trump Obama's
But that could change when Barack matches his rival's disclosures
By Harry Kimball,  Newser Staff
Posted Jul 16, 2008 5:45 PM CDT
Actor Rip Torn, third from right, stands among a small group of supporters as he attends a private fundraiser, at the home of James B. Lee, Jr., for Sen. John McCain.   (AP Photo)
camera-icon View 4 more images

(Newser) – John McCain appears to be more reliant on funds bundled by elite supporters than Barack Obama, USA Today reports. More than half of the Republican candidate’s receipts, or more than $75 million, came from donations assembled by about 500 top supporters. In contrast, Obama’s top 500 pulled in about $50 million, about 17% of his total.

High-profile bundlers—including Donald Trump for McCain and Vogue editor Anna Wintour for Obama—earn the name by amassing donations from business acquaintances and friends. “For McCain,” a watchdog said, “it is precisely the wrong message to be so reliant on this tiny set of well-heeled donors.” But Obama’s not off the hook. “It's highly likely he will have a significantly higher percentage of money from bundlers, if and when he matches McCain's disclosures.”