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Obama pulling in Wall Street donations

Oct. 19, 2011 at 7:03 PM   |   Comments

WASHINGTON, Oct. 19 (UPI) -- Democratic President Barack Obama is blowing away his Republican challengers when it comes to soliciting donations on Wall Street, fundraising figures show.

The Washington Post reported Wednesday its analysis of contribution data reveals Obama has raised more from the financial and banking sector this year than all of the GOP presidential hopefuls combined.

Obama, the numbers show, received more money from fewer donors, the newspaper said.

The president even out-raised Mitt Romney at Bain Capital, a private equity firm in Boston the former Massachusetts governor co-founded. Romney pulled in $34,000 from 18 Bain employees while Obama took in $76,600 from three Bain employees, the Post found in its review of data from the Center for Responsive Politics.

Obama's fundraising benefits from his raising money not only for himself but also for the Democratic National Committee, which then contributes to his re-election effort.

Apart from the nearly $12 million he helped raise for the DNC, Obama has raised $3.9 million from the finance sector for his own campaign committee, compared with Romney's $7.5 million and nearly $2 million by Texas Gov. Rick Perry. No other GOP candidate surpassed $400,000 from the finance sector, the Post said.

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