Source:
The SwampObama Outpaces McCain in Bush DonorsPosted August 15, 2008 7:15 AM
by Mark Silva
Sen. Barack Obama has fared better than Sen. John McCain in fundraising among several Republican-leaning industries that supported President Bush's record campaign fundraising four years ago, Bloomberg News notes today. The Democrat has collected $9.6 million in donations from people working for securities, mortgage and drug companies, McCain $6.6 million, Jonathan Salant reports. In 2004, people in those industries gave $10.6 million to Bush and $5.4 million to Democratic nominee John Kerry, according to the Washington-based Center for Responsive Politics.
"McCain's inability to match Bush's performance in attracting traditional Republican donors illustrates the fundraising gap between the candidates,'' Salant finds. "Obama is seeking to bring in double or triple the $84.1 million in federal funds that McCain will have to spend in the final two months before the Nov. 4 election. In June, Obama declined to accept public financing, which caps his spending at the federal allotment.''
"Not all Republicans ``are opening their wallets to a McCain presidential run,'' Mallory Factor, a banker who co-hosts a weekly meeting of conservatives in New York and raised more than $1 million for Bush and his party four years ago, told Bloomberg.
"Some Republicans who ``support certain principles'' are shunning McCain, Factor said, citing the Arizona senator's initial opposition to Bush's tax cuts and his authorship of a campaign-finance law opposed by many in his party.
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