Obama Fundraisers

From KeyWiki
Jump to: navigation, search

On Friday, 15th July 2011 the Obama re-election team released the names of their super mega fund-raisers -more than 244 people--including 31 who raised at least $500,000 to bankroll the Obama 2012 campaign and the Democratic National Committee.

The fund-raisers are known in the political business as "bundlers," people who use their own extensive networks to raise money on behalf of a candidate. The Obama for America campaign calls their bundlers "volunteer fund-raisers."

The Obama campaign released the names of 244 bundlers, who have raised at least $50,000. (In a few cases couples or business partners are counted as one bundling unit.)

The Obama team on Wednesday reported their first 2012 fund-raising results, collecting more than $86 million in second quarter fund-raising over $47 million directly for the Obama for America 2012 campaign and more than $38 million for the Democratic National Committee. Chicagoan and close Obama friend Martin Nesbitt is the Obama for America treasurer, reprising the role he played in the 2008 campaign.

Obama campaign spokesman Ben LaBolt in a statement sent via Twitter challenged Republican 2012 hopefuls to disclose their best fund-raisers. "President Bush disclosed his bundlers. Will the current GOP field follow suit? What do they have to hide?" President Bush disclosed his bundlers.

Obama has rewarded his best fund-raisers from his 2008 campaign, from handing out ambassadorships---for example, Chicagoans Louis Sussman to Great Britain, David Jacobson to Canada--to other White House appointments.

According to the Center for Public Integrity, one-third of the Obama 2008 campaign's 556 bundlers were appointed by Obama to jobs or advisory posts. Of the mega fundraisers--those raising more than $500,000 in 2008, fully 80 percent landed "key administration" posts--many on advisory panels. According to CPI, 24 bundlers are serving as ambassadors.

While the Federal Election Commission requires the disclosure of the name of donors of more than $250, there is no requirement to release the names of the bundlers. Bundlers are especially important in federal campaigns because individuals face federal donation caps of $2,500 per primary and general election and $30,800 to a national party each calendar year.


OBAMA FOR AMERICA Q2 VOLUNTEER FUNDRAISERS

Amount Raised: $50,000-$100,000

Amount Raised: $100,000-$200,000


Amount Raised: $200,000-$500,000


Amount Raised: $500,000+