by Republician BS
Many voters were fooled and scammed in 2000 and 2004 but not this time.Ronald Regan asked voters are you better off now than 4 years ago and won an electionObama is asking the same question?I certainly am not better off and neither is the United States as a whole.
Jerseyans give Obama more than twice McCain's takeDem raises more from small donations, GOP relies on big checksMonday, August 11, 2008 BY JOE DONOHUEStar-Ledger StaffFor Barack Obama, fundraising in New Jersey is academic.
Princeton and Rutgers universities have been the state's most bountiful sources of campaign cash for the Democratic presidential candidate.
Overall, Obama has raised more than twice as much money in the Garden State than Republican candidate John McCain -- nearly $5.9 million to $2.5 million, according to Federal Election Commission data as of June 30.
A Star-Ledger analysis of where those contributions came from shows big bundles went to both sides from bankers, lawyers and business executives -- typical mainstays of candidates' fundraising efforts. But it also shows an unusually large and lopsided flow of dollars from the halls of academia.
Faculty, students and staff at Princeton contributed more than $72,000 to the Obama campaign, and nearly $40,000 more came from the state university. Statewide, the Democrat raised $251,908 from the college crowd, or 4 percent of his take, compared with $31,144 or 1 percent for McCain.
"That's amazing," said Brigid Harrison, political science professor at Montclair State University. "I have not seen that anywhere. It really is indicative of how enormous the pull of Obama's candidacy has been for young people."
Princeton was the most lucrative address for both candidates, but Obama drew greater than five times more from the wealthy university town than McCain.
The analysis also shows a national trend reflected in New Jersey: Obama raises large amounts through small donations while McCain relies heavily on people who can write big checks.
McCain's average donation in New Jersey was nearly twice as large, $403 versus $214. While Obama received nearly twice as many checks over $1,000 as his opponent, they represent just 8 percent of his take; for McCain, the larger checks made up 20 percent of his New Jersey donations.
Ben Dworkin, a Rider University political science professor, said while Howard Dean four years ago was the first presidential candidate to really harness the internet for fund-raising, "Obama seems to have figured it out and taken it to a whole new level."
Along with the grassroots, however, Obama is shaking the big trees -- people associated with investment banks like Goldman Sachs and Citigroup.
Many are also among his largest national fundraisers.
As with most New Jersey Democrats running for statewide office, lawyers were the biggest single group supplying Obama with campaign cash -- $681,152, or 12 percent of his donations in the state.
Since he's already tapped many non-traditional donors, Dworkin said, Obama may have to further court traditional party donors.
Meanwhile, McCain is reaching out to small donors, according to the Campaign Finance Institute in Washington, D.C. "One-third of McCain's money in June came in amounts of $200 or less," said Michael Malbin, executive director.
In New Jersey, the Republican's roster of donors includes many of the same investment bankers sending checks to Obama, along with people at other Fortune 500 firms, like Hess Corporation and Johnson & Johnson. Retirees are his chief benefactors, giving $432,708 or 17 percent of his total.
Almost all the 17 New Jersey residents who are members of McCain's national fund-raising team are well-known for their previous campaign efforts. By contrast, only investment banker Orin Kramer is familiar among the seven New Jersey residents on the Democrat's top list of bundlers.
Harrison said it mirrors voting patterns in the state's primary. "People who voted for John McCain are Republican loyalists," he said. "But on the Obama side, there are a lot of new activists."
One prominent McCain fundraiser was former state representative Jim Courter. His Newark-based telecommunications firm, IDT Corp., was the Republican's third-largest source of contributions in the state. Courter stepped down last month as one of McCain's national finance co-chairman after the FCC fined IDT.
With polls showing Obama holding a healthy lead over McCain in New Jersey, the state may not be a battleground in the fall campaign. However, it remains a cash cow for candidates. New Jersey so far has pumped more than $21 million into the race, ranking seventh among the states, according to the Center For Responsive Politics.
Joe Donohue may be reached at
[email protected] or (609) 989-0208.
©2008 Star Ledger
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