Friday, June 20, 2008

I'm Sure Mayor ODaley Would Never Let That Happen

A fairly glaring whopper from Obama, mentioned in this op-ed by economics professor Jay Mandle in the Washington Post:

During a Feb. 26 debate in Cleveland, for example, Obama said that "we have now raised 90 percent of our donations from small donors, $25, $50." His campaign's own data from January 2007 through January 2008 show that 36 percent of donated funds were from small donors. Obama probably meant that 90 percent of the individuals who contributed were small donors, but the number of donors has not been verified.

If the campaign isn't able to keep up, and donors don't have to report a donation of less than $200 to the FEC, what is to stop someone from working around the $2,300 per candidate per race limit by donating, say, $19,900 in a hundred donations of $199?