Obama Campaign: We won't raise taxes, we'll just collect the same amount more often

Report: Obama Didn't Have as Many Small Donors as Was Hyped

November 25, 2008 9:26 AM

The Campaign Finance Institute issued a "Reality Check" report that demolishes the myth that President-elect Obama was largely funded by small donors.

In reality, says the non-partisan group, the percentage of small donors who gave to the Obama campaign -- 26 percent -- is roughly the same as the percentage of small donors who contributed to President Bush's reelection in 2004, 25 percent.

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The Obama team rejects the fundamental hypothesis of the study. If you were a donor who saved up to donate $20 to the campaign every couple months over the course of two years, an aide says, and all of those contributions eventually added up to more than $200, that doesn't mean you’re not a small dollar donor.