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Money Managers Betting On Obama
Barack Obama has enjoyed a groundswell of donations from hedge-fund managers, just edging out Hillary Clinton and way ahead of John McCain -- a sign that the markets are, right or wrong, betting on an Obama win in November.
The numbers from up until Feb. 29: Obama has received $2,196,734 from money managers, Clinton $2,046,550, and McCain only $772,375.
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all, can you let us know if you have trouble commenting?
April 14, 2008 9:12 AM | Reply | Permalink
By posting a comment I presume?
April 14, 2008 9:21 AM | Reply | Permalink
Wow, my comment showed up right away. You guys did something to the site software!
April 14, 2008 9:22 AM | Reply | Permalink
Its a good thing to be supported by hedge fund managers?
April 14, 2008 10:01 AM | Reply | Permalink
Once again, this data is not saying 'hedge fund managers', since secretarial staff and other staff would also be lumped into 'support from' hedge fund industries.
April 14, 2008 10:04 AM | Reply | Permalink
There's the million-dollar question...
April 14, 2008 11:00 AM | Reply | Permalink
What this means?
I would guess that people working for hedge funds are most worried about the economic collapse, since it's their jobs which are going first during the collapse.
Clearly about three quarters of them think that McCain would be bad for the economy and a Democrat would be good.
April 14, 2008 10:08 PM | Reply | Permalink
Greg, I am darn pleased that commenting has just gotten streamlined.....no more having to repeat logging in, and comments being posted quickly. Fingers crossed!
April 14, 2008 10:08 AM | Reply | Permalink
What?!?!? Hedge fund managers prefer the mediocore Republican over the two corporate . . . what is the word I'm looking for . . . you know the one that describes individuals who willingly and knowing debase themselves in a multiplicy of ways for trite sums of cash . . .
April 14, 2008 10:50 AM | Reply | Permalink
Instant Moderation!
Huffpost will be so jealous...
April 14, 2008 10:59 AM | Reply | Permalink
Love the new hyperspeed posting!
Also, isn't it great that the millions that Obama has received from hedge fund managers accounts for less than one percent of his campaign funds.
Less than one percent. Yup, sure will be beholden to those guys.
April 14, 2008 11:05 AM | Reply | Permalink
phoebe fay,
so if the hedge funders are only 1% of Obama's donors, who are the other 99% and why was his recent trip to SF's billionaire row such a hush hush operation? He went there last week and racked up at least 3 mill in a few hours and it was such a non story that Obama was led through the back of the J Paul Getty House - the servants entrance. Beholden to the cream o' the crop much?
I always knew he couldn't sell THAT many mugs and hats.
here's the link from the freepers of all people.
http://209.157.64.201/focus/f-news/1998779/posts
April 14, 2008 11:37 AM | Reply | Permalink
Sweetheart, if you want a serious response, you're going to have to offer better than spin from the Freepers.
April 14, 2008 12:33 PM | Reply | Permalink
THIS IS EXCELLENT NEWS!! FOR HILLARY!!!
April 14, 2008 11:38 AM | Reply | Permalink
Glad to see Idiotic back! THIS IS EXCELLENT NEWS! FOR TPM READERS!
April 14, 2008 11:58 AM | Reply | Permalink
How do you justify the word "groundswell"?
What am I missing? After clicking through twice to the original article, we learn Obama has collected a total of $2.2 million from money managers since the beginning of the campiagn, $170,000 of which came in the month of February.
Elementary math, which you obviously skipped, tells you that 7% of the money managers' total contributions came in February. That doesn't seem like a groundswell at all. (I guess only 93% of all contributions from MMOney mamgers came before February doesn't have a provocative a ring now does it?)
Moreover, in February Obama raised $55 million of which money managers apparently contributed 0.3% . Big f-ing whoop.
So it seems the groundswell is coming from somewhere else entirely, don't you think.
And by the way, I am sure the proportions from the other candidates are equally uninteresting.
The world needs fewer dumb journalists, I guess.
April 14, 2008 4:44 PM | Reply | Permalink
Re: Commenting
Comments are now showing up near-instantly (cool!) but my old-comment history on the profile page seems to be missing all of my recent (i.e., today, all the way to about 2 weeks back or so?) comments. Hmm...
April 14, 2008 7:17 PM | Reply | Permalink