Windfall: Obama raises $181
million, only around 2% of donations reportable
Breitbart – Mike Flynn –
10/6/2012
The average
of $53 from small donors is particularly noteworthy. Contributions under $200
don't have to be disclosed, but the campaign still has to keep track of the
donor's name, in case subsequent donations push their contribution over the
reporting threshold.
For
contributions under $50, however, the campaign doesn't even have to keep track
of the donor's name. It is effectively considered a "petty cash" donation. A
person could theoretically make 10 $49 donations and never be reported, even
though their total contributions are above the FEC's reporting threshold. With
an average donation of $53 from small donors, Obama has A LOT of donors who will
never be disclosed and whose names aren't even known to the campaign.
Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com
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