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Money From The Super Rich

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Well-known member
Feb 10, 2005
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Montgomery, Al
Despite the recent public lashing President Obama gave millionaires and billionaires, in private, Team Obama is once again diving into the pockets of the super rich to fund its campaign.

With the 2012 campaign barely under way, Obama has already raised some $35 million from the biggest donors -- so-called 'bundlers' who collect money by the truckload from the wealthy elite.

"A bundler is someone who collects checks from other people," said Susan Estrich, a former Democratic campaign manager. "They may be people who work for him, who hired him as a consultant or in many cases, want to do business with them."

Some of the high-profile bundlers Obama signed up this year include former New Jersey Governor and Goldman Sachs CEO Jon Corzine, Vogue editor Anna Wintour, Dreamworks' studio head Jeffery Katzenberg, and David Cohen of Comcast, the new owner of NBC-Universal.

Wall Street, including the hedge fund managers blasted by Obama, gave the president's 2012 campaign $7 million, followed by lawyers at $6 million and businesses at $4 million.

Read more: http://www.foxnews.com/politics/2011/08/03/president-obama-looks-to-bundlers-for-2012-re-election-campaign/#ixzz1TyR3HcKl

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