President Barack Obama is putting his money where his mouth is, donating $5,000 to his own campaign.
His reason for the donation? He wants to point out the financial disparity between his campaign and Mitt Romney’s. In an e-mail to supporters released yesterday, he had the following to say:
“On its own, what I gave won’t be enough to surmount the unprecedented fundraising we’ve seen on the other side, both from our opponent’s campaign and from the outside groups and special interests supporting him. But we have always believed that there’s nothing we can’t do when we all pitch in. That includes me.”
Interestingly enough, Mitt Romney and his wife Ann have also donated to their own campaign during this election cycle. They each gave $75,000 to the Romney Victory Fund in May. The maximum amount an individual can give to a campaign is $75,800, but candidates can give unlimited funds to their own campaign.
–Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
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