Obama Sees Steep Dropoff in Cash From Major Donors

By artappraiser on Sat, 04/21/2012 - 1:45pm |

By Nicholas Confessore and Derek Willis, New York Times, April 20/21, 2012

President Obama’s re-election campaign is straining to raise the huge sums it is counting on to run against Mitt Romney, with sharp dropoffs in donations from nearly every major industry forcing it to rely more than ever on small contributions and a relative handful of major donors.

From Wall Street to Hollywood, from doctors and lawyers, the traditional big sources of campaign cash are not delivering for the Obama campaign as they did four years ago. The falloff has left his fund-raising totals running behind where they were at the same point in 2008 — though well ahead of Mr. Romney’s [....]

URL:

http://www.nytimes.com/2012/04/21/us/politics/obama-campaign-faces-dropoff-in-big-donations.html?ref=todayspaper