The Market Update

Barack Obama Has a Fund-Raising Dilemma

Stock quotes in this article: EXC , GS , LEH , JPM , C  

I believe Obama's bundlers will have proximity to the candidate should he win. For example, one of the largest corporate donors to his campaign is Exelon(EXC Quote). Will Obama take a call from Frank Clark, who is a bundler and also the top executive at Exelon? Obama also has received significant funding from Wall Street firms such as Goldman Sachs(GS Quote), Lehman Brothers(LEH Quote), JPMorgan Chase(JPM Quote) and Citigroup(C Quote). See his largest donors here .

Obama has rivaled Clinton in fund-raising in the 2008 race. It has mostly been accomplished through his bundlers. About 60% of his funds have come through the maxed-out donations of $2,300, which is the magic number of a bundler.

His past history shows the imprint of Washington insiders. Will his future?

Obama faces a difficult task that has been self-imposed. He has to convince the American public that he is different from other politicians and that he will change things once he becomes president. I believe that in order to be successful, he has to lead positively and ignore the negative attacks, or he faces the real possibility of losing those who are inspired by his words.

Just ask Maggie North.

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