President Barack Obama’s effort to reach out to the high-tech community in order to make up for a drop-off in Wall Street campaign funding hasn’t really paid off.
According to the latest analysis by the Center for Responsive Politics, a Washington-based research group that tracks campaign donations, Obama’s campaign has taken in $4.1 million from employees of high-tech companies and their families, close to the $4.3 million received from securities and investment industry employees.
Hollywood has provided $3.8 million.
Employees of Microsoft Corp. and Google Inc. are among his top-five sources of donations.
In his 2008 campaign, Obama took in $15.8 million from Wall Street, $9.3 million from high-tech employees and $9.2 million from Hollywood. Those larger figures are for the full campaign; the 2012 numbers are through July 31.
As for Republican challenger Mitt Romney, he’s received $11.5 million from those who work on Wall Street, more than from any other industry. His top eight sources of campaign cash are employees of financial firms.