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Small Donors Didn't Drive His Campaign: Study

By Neal Colgrass,  Newser Staff
Posted Nov 24, 2008 9:12 PM CST

(Newser) – The little guy didn't fill Barack Obama's campaign coffers after all, a new non-partisan study says. True, almost 50% of his donations were $200 or less, but many of those donors gave again. Only about a quarter of them stopped at two C-notes, a figure in the same range as donations to John McCain. About 80% of Obama's money came from people who gave more than $1,000, the New York Times reports.

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“The myth is that money from small donors dominated Barack Obama’s finances,” said the executive director of the Campaign Finance Institute, which conducted the study. “The reality of Obama’s fund-raising was impressive, but the reality does not match the myth.” (Read more Barack Obama stories.)

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