You're watching...

Big donors closing their wallets on President Obama

Details

  • Description

    Obama receiving fewer donations from wealthy Americans

  • Duration 1:31
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

Four years ago wealthy Americans boosted senator Obama's campaign by writing a lot of big checks but this time around.

That's not happening quite as much because some on Wall Street deal.

Like President Obama has unfairly singled them out for political purposes so they don't want to give him any more money.

That's according to a report in Friday's New York Times -- also blames the bad economy and the absence of a democratic primary.

For a lack of excitement among the base.

As a result 59%.

Of the Obama campaigns 196 million dollars has been from small donors contributions of 200 dollars or less.

And that's part of the reason they are up the pace they set back in 2008 but.

Just because the large donors are staying home doesn't mean the Obama campaign is having money trouble because the Romney war chest.

As about ten million dollars in cash inside but the Obama war chest.

-- ten times that much a 104 million dollars cash and their campaign manager says.

That they'll figure out how to make it work.

With the small checks.

It's really how this -- people -- organization five and ten bucks at the time to take on we're all gonna have.

All of us working super pacs will likely help governor Romney bridge that ten to one fund raising gap with the president between now.

And November because restore our future one of the super -- supporting Romney made eight point seven million dollars in March while priorities USA action which backed the president.

May just two and a half million dollars in Washington Peter -- Fox News.