Secret, Foreign Money Floods Into Obama Campaign

Newsmax.com ? Secret, Foreign Money Floods Into Obama Campaign

More than half of the whopping $426.9 million Barack Obama has raised has come from small donors whose names the Obama campaign won't disclose.


And questions have arisen about millions more in foreign donations the Obama campaign has received that apparently have not been vetted as legitimate.


Obama has raised nearly twice that of John McCain's campaign, according to new campaign finance report.

But because of Obama?s high expenses during the hotly contested Democratic primary season and an early decision to forgo public campaign money and the spending limits it imposes, all that cash has not translated into a financial advantage ? at least, not yet.


The Obama campaign and the Democratic National Committee began September with $95 million in cash, according to reports filed with the Federal Election Commission (FEC).


The McCain camp and the Republican National Committee had $94 million, because of an influx of $84 million in public money.


But Obama easily could outpace McCain by $50 million to $100 million or more in new donations before Election Day, thanks to a legion of small contributors whose names and addresses have been kept secret.


Unlike the McCain campaign, which has made its complete donor database available online, the Obama campaign has not identified donors for nearly half the amount he has raised, according to the Center for Responsive Politics (CRP).


Federal law does not require the campaigns to identify donors who give less than $200 during the election cycle. However, it does require that campaigns calculate running totals for each donor and report them once they go beyond the $200 mark.


Surprisingly, the great majority of Obama donors never break the $200 threshold.


?Contributions that come under $200 aggregated per person are not listed,? said Bob Biersack, a spokesman for the FEC. ?They don?t appear anywhere, so there?s no way of knowing who they are.?


The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified.


It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.


Biersack would not comment on whether the FEC was investigating the huge amount of cash that has come into Obama?s coffers with no public reporting.

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