‘The Obama Disconnect: What Happens When Myth Meets Reality’
Here’s a great analysis of the 2008 Obama campaign by TechPresident’s Micha Sifry. An excerpt:
The truth is that Obama was never nearly as free of dependence on big money donors as the reporting suggested, nor was his movement as bottom-up or people-centric as his marketing implied. And this is the big story of 2009, if you ask me, the meta-story of what did, and didn’t happen, in the first year of Obama’s administration. The people who voted for him weren’t organized in any kind of new or powerful way, and the special interests–banks, energy companies, health interests, car-makers, the military-industrial complex–sat first at the table and wrote the menu. Myth met reality, and came up wanting.
In terms of the early money that was raised by his campaign in 2007–and this is the most influential money in politics–more than one-third (36%) of his total came from the financial sector (compared to 28% for Hillary Clinton), reported campaign finance expert Thomas Ferguson. Between January and August 2007, according to the Campaign Finance Institute, 60% of Obama’s donations were in amounts of $1000 or more–a smaller proportion than Clinton, but still a majority of his crucial early funding. In terms of Obama’s overall funding, nearly half of his donations came from people giving $1000 or more.
Well worth reading the whole thing here.