Aug 13, 2012 Jason News No Comments

Fewer Political Fundraisers are Reaching for Their Pocketbooks

Big-money bundlers for Obama aren’t in a rush because he doesn’t have a Democratic primary challenger. And GOP supporters seem to be waiting to see if there are late presidential entrants.

By Matea Gold, Melanie Mason and Kim
Geiger, Washington Bureau
July 29, 2011
Reporting from Washington

The vast majority of big-money bundlerswho power political fundraising are sitting out the 2012 presidential contest so far, a reflection of persistent dissatisfaction with the Republican field and a lack of urgency and engagement felt by past supporters of President Obama.

An analysis by the Los Angeles Times of campaign finance reports found that only about 100 of the 560 fundraisers who collected money for Obama from friends and colleagues during the 2008 campaign have raised funds for the president’s reelection effort.

Many contacted by The Times said they still planned to get involved, noting it was still early — particularly because the president does not have a Democratic primary
challenger. But several also said that the economic malaise, the absence of a clear Republican opponent and some disenchantment with the administration’s policies have made fundraising more difficult than during Obama’s passion-filled 2008 bid.

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