Half Of McCain's Campaign Cash Came From 500 Bundlers

Half Of McCain's Campaign Cash Came From 500 Bundlers

USA Today is out with some striking figures on the extreme concentration of fundraising in the McCain campaign:

Republican John McCain's elite fundraisers have helped collect more than half of his presidential campaign money, while Democratic rival Barack Obama has relied on his own top fundraisers for nearly one-fifth of his coffers, a USA TODAY analysis shows.

More than 500 top McCain fundraisers brought in at least $75.6 million, or about 53% of the presumptive GOP presidential nominee's receipts through June.

Obama, who also counts more than 500 people among his main fundraising corps, has collected at least $50.1 million through them. That's about 17% of the presumptive Democratic nominee's receipts through May. He has not released June totals.

The money from these fundraisers illustrates how McCain, who co-authored a 2002 law curbing the influence of special interests in campaign finance, is relying on a group of well-connected Republicans to fuel his bid. It also demonstrates that Obama has turned to wealthy donors to help collect cash -- even though the bulk of his donations are from contributors who give $200 or less.

The New York Times follows with a jab of its own:

Senator John McCain released an updated list of his top money collectors on Tuesday, revealing that nearly a fifth of those who have brought in the largest amounts for him, more than $500,000 each, are lobbyists or work for firms that engage in lobbying.

Popular in the Community

Close

What's Hot