Big Donor, Small Donor, What Do I See?
BY Micah L. Sifry | Thursday, July 22 2010
The Washington Post says that the old Democratic Party circuit of intimate high-dollar fundraising events in the palatial apartments of a tight circle of New York City donors is dead, killed off by the White House's wariness of appearing too close to Wall Street, and the small donor revolution supported by the Internet.
Well, yes and no. Take this invitation to a $1000-per-person fundraiser next week starring David Plouffe, the architect of the 2008 campaign:
On July 29th, David Plouffe, President Obama’s campaign manager and author or Audacity to Win, will be coming to New York for an intimate reception and discussion. As a member of Obama for America’s inner circle, his insight and expertise is unmatched. David will update us on the current initiatives of the Administration, give a snap shot of the political landscape in the run up to the midterm elections, and take your questions.
Unmentioned, but known to all, is Plouffe's current role as "outside senior adviser" to the Obama Administration. The host of the event is Mark Gallogly, a managing principal of Centerbridge Partners, a private equity firm specializing in leveraged buyouts and distressed securities opportunities. He is also a former senior managing director of the Blackstone Group, and is currently also serving on Obama's Economic Recovery Advisory Board.
Plouffe will also mingle with the masses at a later event organized by the DNC's GenerationFortyFour arm. Tickets to a VIP reception for that are $250. General admission is just $44, something a small donor could actually afford.