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The Rise of Small Donors

I stumbled across this nugget from Opensecrets

So far for the 2008 election cycle the largest single donor is Actblue, an online bundler of small donors for Democratic Candidates and Organizations:

1 ActBlue $9,959,543
2 Goldman Sachs $3,644,396
3 Citigroup Inc $2,926,918
4 AT&T Inc $2,465,904
5 JPMorgan Chase & Co $2,417,051
6 Morgan Stanley $2,177,730
7 Operating Engineers Union $2,040,575
8 UBS AG $1,924,891
9 Intl Brotherhood of Electrical Workers $1,803,485
10 National Assn of Realtors $1,802,000

To put this in some perspective the next five special interests together exceed that amount raised and there are over 50 others donating over $1,000,000 in a mix of industrial and union interests. And over $1.6 Billion has been raised for the Presidential, Senate and House Races so far.

But it is impressive to consider how far and how fast the influence of small individual donors is coming along with the use of the internet. And yet I didn’t notice a Conservative counterpart to ActBlue on the list. I wonder why?

  • runasim
    Thanks for the update on how things are going.

    I
    This morning I saw a news report about Meals On Wheels running short in funds.
    Volunteers have to cut back bacause of gas priices.
    And then I see these figures..........................................
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