Obama’s High-Tech Contributions Haven’t Offset Wall Street Drop-off

Photograph by Saul Loeb/AFP/Getty Images

President Barack Obama participates in an interview with YouTube and Google from the Roosevelt Room of the White House.

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.



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