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Defying the Odds

Defying the Odds
New book about the 2016 election.

Friday, April 23, 2010

Obama and Small Donors

PolitiFact reports on the president's interview with John Harwood (not on the White House website):
"In the 2008 campaign, you got a lot of money, about $1 million from employees of Goldman Sachs," Harwood said. "Your former White House counsel Greg Craig is apparently going to represent Goldman Sachs. In light of this case, do either of those things embarrass you?"

"No," Obama said. "First of all, I got a lot of money from a lot of people. And the vast majority of the money I got was from small donors all across the country. And moreover, anybody who gave me money during the course of my campaign knew that I was on record again in 2007, and 2008, pushing very strongly that we needed to reform how Wall Street did business. And so, nobody should be surprised in the position that I'm taking now because it is one that I was very clear about in the course of the campaign."

...

Obama's skill at raising money from small donors for the 2008 campaign was significant. But Obama was also skilled at raising money from large donors. His statement was, "the vast majority of the money I got was from small donors all across the country." That's not the case. Only 32 percent of his general election money came from people who gave $200 or less. We rate his statement False.