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  <title>The Fighting 29th</title>
  <subtitle>All about New York's 29th Congressional District</subtitle>
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  <updated>2008-03-02T16:04:52-05:00</updated>
  <entry>
    <title>The Obama Model for Congressional Campaigns</title>
    <link rel="alternate" type="text/html" href="http://www.fighting29th.com/2008/03/the-obama-model-for-congressio.html" />
    <id>http://www.fighting29th.com/2008/03/the-obama-model-for-congressio.html</id>
    <published>2008-03-02T16:04:52-05:00</published>
    <updated>2008-03-02T16:04:52-05:00</updated>
    <author>
      <name>Rottenchester</name>
    </author>
    <category term="Analysis" />
    <category term="Money" />
    <summary type="html"><![CDATA[The Obama campaign is raising huge amounts of cash from small donors.&nbsp; Could this style of fundraising catch on in congressional districts?&nbsp; <br /><br />I did a little back-of-the envelope calculation, and for now, I think the answer is no.&nbsp; The Obama campaign <a href="http://my.barackobama.com/page/community/post/samgrahamfelsen/gGgxnk">recently announced</a> that they have over one million donors.&nbsp; And Obama <a href="http://www.nytimes.com/2008/02/26/us/politics/26text-debate.html?_r=2&amp;bl=&amp;ei=5087&amp;en=0667d0ff53b714a8&amp;ex=1204261200&amp;oref=slogin&amp;pagewanted=all">says</a> that the average donation received by his campaign is $109.&nbsp; If you scale that to the 29th district (<a href="http://spreadsheets.google.com/pub?key=pquiN8NqAMC2Xt-yLE4DxIw">here are the details</a>),&nbsp; Eric Massa could raise roughly $300K if could somehow replicate Obama's success on a smaller scale.&nbsp; <br /><br />That number is one-tenth of what Massa says he needs to be competitive in the 29th.&nbsp; So even if my calculations are off, I doubt if they're off by an order of magnitude.&nbsp; We've got a way to go before all campaign financing comes from a large number of small donors.<br />    ]]></summary>
    <content type="html"><![CDATA[The Obama campaign is raising huge amounts of cash from small donors.&nbsp; Could this style of fundraising catch on in congressional districts?&nbsp; <br /><br />I did a little back-of-the envelope calculation, and for now, I think the answer is no.&nbsp; The Obama campaign <a href="http://my.barackobama.com/page/community/post/samgrahamfelsen/gGgxnk">recently announced</a> that they have over one million donors.&nbsp; And Obama <a href="http://www.nytimes.com/2008/02/26/us/politics/26text-debate.html?_r=2&amp;bl=&amp;ei=5087&amp;en=0667d0ff53b714a8&amp;ex=1204261200&amp;oref=slogin&amp;pagewanted=all">says</a> that the average donation received by his campaign is $109.&nbsp; If you scale that to the 29th district (<a href="http://spreadsheets.google.com/pub?key=pquiN8NqAMC2Xt-yLE4DxIw">here are the details</a>),&nbsp; Eric Massa could raise roughly $300K if could somehow replicate Obama's success on a smaller scale.&nbsp; <br /><br />That number is one-tenth of what Massa says he needs to be competitive in the 29th.&nbsp; So even if my calculations are off, I doubt if they're off by an order of magnitude.&nbsp; We've got a way to go before all campaign financing comes from a large number of small donors.<br />    ]]></content>
  </entry>
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