Thursday, June 07, 2007
Just to make this simple, let's estimate conservatively that 100,000 individual donors are eligible for the dinner drawing, and that each of them has donated a mere $5. That would mean that Obama has raised $500,000 by dining with four people. And what's more, [campaign manager David] Plouffe is describing this $125,000-a-plate dinner as an act of populism!Of course it isn't, but the net contribution to the campaign is just $5 - (.00004 x value of the dinner). If you'd pay $10000 for the dinner with the Senator, and that was a price he'd accept, you're still offering a net $1 gain to the campaign by taking the raffle ticket (and paying the $10k if you lose.) Actually sounds pretty clever.