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Obama Collects Campaign Money From ‘Bundlers’

August 5, 2011 by  

Barack Obama broke records for campaign financing in 2008, as the President spent more than $600 million to secure his ascension to the Oval Office.The team for re-electing President Barack Obama has increased the push for obtaining financing, as campaign workers have looked to several rich donors for substantial sums of money, according to Fox News.

Though the 2012 election is still far away, Obama and his team have raised more than $35 million already from the biggest donors, individuals who are known as “bundlers,” the news source reported.

“A bundler is someone who collects checks from other people,” Susan Estrich, a former Democratic campaign manager, told Fox News. “They may be people who work for him, who hired him as a consultant or in many cases, want to do business with them.”

Some of these “bundlers” are high-profile men and women, including Goldman Sachs CEO Jon Corzine, Vogue editor Anna Wintour, DreamWorks’ studio head Jeffery Katzenberg and Comcast’s David Cohen, reported the news source.

Obama raised more than $600 million for his 2008 campaign, which is close to the combined amount of money spent by Senator John Kerry (D-Mass.) and former President George W. Bush  in the 2004 election, according to CNN.

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