Barack's Big Donors

Barack continues to argue to his base that his decision to jam a knife into the heart of the federal campaign finance system is actually good for the system.

“We have revolutionized how campaigns are financed at the small level,” Obama said in Chicago 10 days ago. “The overwhelming bulk of donors are ordinary Americans, not fat cats.” And that, he argued, is “exactly what has been the end of campaign reform.”

Who needs campaign finance reform when you have the internet, he's seemingly arguing. This is nonsense, of course.

As Penny Pritzker — Obama’s campaign finance chairwoman — acknowledged recently, the main reason the campaign relied on small donors for so long is that it had not yet found the time to milk the big ones.

While they were doing just fine with fat cats before, despite what Pritzker says, they're doing better all the time. Here is he at one fat cat fundraiser...

Obama spoke of economic struggle to folks who had paid $2,300 to walk in the door; some of them forked over another $10,000 for the pleasure of attending a VIP reception and standing on a photo line.

And then he's off to another crowd of rich people, telling the lie again that he is the cure for the campaign finance movement - if only you'll hand over big bucks to the guy who won't take part!

Everyone in the room had paid $28,500 to be there; revolutionaries all, no doubt.