Wednesday, October 2, 2013

Fund Racing

Over time money has influenced politics more and more. Never has this been so prevalent than in the technological era. E-commerce has given rise to candidates who may not have had a chance otherwise, such as Ron Paul who in his 2012 money-bomb raised over half a million dollars in one day. This internet fundraising has also given a substantial advantage to certain candidates over others. McCain in 2008 also raised half a million in one day but in the long term fell to Obama and his persistent tactics through social media and mobile technology.   


Campaigning is a race and the most efficient path is what is going to get you to the finish line.  In the Obama 2012 campaign, online fundraising reported to have raised $690 million online.  Mitt Romney’s online fundraising did not come close to Obama's. While Romney relied less on large-dollar contributions Obama took more low-dollar contributions over the course of the election.  

Just like any other competition there are tactics and strategies that build the better course of action.  Obama used E-mail and fundraising websites to raise money online and this is where two thirds of the donated money came from. Colin Delany of epoliticts.com states, “the combination of an email list and a fundraising website STILL blows every other channel out of the water as a dollar-raising tool”.  He also states, “You should go where your audience is” which is the internet.  The majority of our society uses the internet whether it is on their phone, computer or tablet.  It’s on a level of convenience and just makes it much easier for supporters to donate towards their interest at their fingertips.

1 comment:

  1. Fundraising online is the new normal for politicians these days, it also makes it convenient for the public to make a small donation from a computer at home, school, work or on their cell phone. Since the Supreme Court's decision on Citizens United, the last election set the record for most money raised. I find the decision on Citizens United alarming because it allows anyone to donate as much money as they would like to any political party. Online donations have made a huge impact on political fundraising.

    ReplyDelete