Via Breitbart
The average of $53 from small donors is particularly noteworthy. Contributions under $200 don't have to be disclosed, but the campaign still has to keep track of the donor's name, in case subsequent donations push their contribution over the reporting threshold.For contributions under $50, however, the campaign doesn't even have to keep track of the donor's name. It is effectively considered a "petty cash" donation. A person could theoretically make 10 $49 donations and never be reported, even though their total contributions are above the FEC's reporting threshold.With an average donation of $53 from small donors, Obama has A LOT of donors who will never be disclosed and whose names aren't even known to the campaign. Tens of millions of dollars worth.
You have to ask: Was Obama rattled by developing donor scandal story?
According to the sources, a taxpayer watchdog group conducted a nine-month investigation into presidential and congressional fundraising and has uncovered thousands of cases of credit card solicitations and donations to Obama and Capitol Hill, allegedly from unsecure accounts, and many from overseas. That might be a violation of federal election laws.The Obama campaign has received hundreds of millions in small dollar donations, many via credit card donations through their website. On Thursday, the campaign announced a record September donor haul of $150 million.
Obama wasn’t rattled by fears that there would be criminal investigation of massive campaign finance law violations. After all, his gangster buddy Holder isn’t going to look into this. But if Romney’s smart his campaign will investigate and come up with evidence of foreign donations from Middle East Arabs who think Obama’s fine with the destruction of Israel.
Instapundit Glenn Reynolds reminds us that the Obama campaigh pulled off the same stunt in 2008 and asks: Remember those dubious unverified credit card donations from 2008? Is this donation-smurfing?
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