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In Obama Campaign, Big Donors Are a Major Force
Last updated: August 6, 2008 - 10:21am
In an effort to cast himself as independent of the influence of money on politics, Senator Barack Obama often highlights the campaign contributions of $200 or less that have amounted to fully half of the $340 million he has collected so far. But records show that one-third of his record-breaking haul has come from donations of $1,000 or more: a total of $112 million, more than Senator John McCain, Mr. Obama's Republican rival, or Senator Hillary Rodham Clinton, his opponent in the Democratic primaries, raised in contributions of that size. Donations in June, the latest month for which Mr. Obama has disclosed his donors to the Federal Election Commission, illustrate the double-barreled nature of the campaign's fund-raising. Mr. Obama brought in nearly $31 million in contributions of less than $200, his best month for small donations. But he also collected more than $12 million in contributions of $1,000 or more, the most since the first half of 2007. The biggest fund-raisers include people like Julius Genachowski, a former senior official at the Federal Communications Commission and a technology executive who is new to political fund-raising. Many fund-raisers sit on the campaign's array of policy working groups, getting a chance to weigh in on policy positions and speeches. Genachowski, a Harvard Law School classmate of Sen Obama, leads the technology working group.

