Tuesday, September 15, 2015

Small-Dollar Donors Boost Long-Shot Candidates

The well-known Clinton and Bush political names may resonate with big donors, but a sea of small-dollar donors are flooding the coffers of some long-shot candidates, according to a recent U.S. News and World Report story. Small-dollar donors account for 45% of the $1.7 million raised by Republican hopeful Carly Fiorina's campaign, 60% of the $13.6 million raised by Democratic Sen. Bernie Sanders, and 80% of the $10.6 million backing Republican outsider Ben Carson. Contrast that with long-shot candidates who should be able to cash in on experience in public office and existing donor networks, such as Republicans Louisiana Gov. Bobby Jindal and former Pennsylvania Sen. Rick Santorum, who have raised just $600,000 each. What is the formula that has won Fiorina, Sanders and Carson so many small-donor fans? Political experts cite the fed-up-with-politics-as-usual factor, the feel-good of donating to someone whose policies you support and whose persona you relate to, and a basic hope that small donations can add up to help with political success. But that last hope is apt to be disappointed, especially for backers of Fiorina and Carson, if history is any guide. The last time someone who had never held public office won the presidency was Dwight Eisenhower, political analysts note, and he had victory as a World War II general on his resume. For the full article: http://www.usnews.com/news/articles/2015/09/10/small-dollar-donor-mindset-helps-long-shot-candidates-cash-in

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