Online Political Power Is Back: Obama Out-Raises Romney With 300K New Donors

The power of online fundraising is back in action: Barack Obama beat his fundraising losing streak by raising $114 million in August, narrowly inching head of Romney by just $3 million. Leveraging the power of unlimited campaign donations that was granted by the Supreme Court in Citizens United, Republicans have enjoyed a huge financial advantage with deep-pocketed SuperPACs and?billionaires. The once mighty Obama online fundraising army that helped Obama clinch the democratic party nomination from Hillary Clinton in 2008 has been struggling to maintain its lead against the influx of donations from traditional conservative cash-cows.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/skpQGkTNndA/

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