Claim: “Obama raised $49 million from Wall Street, more than any other candidate in history.”
Ad(s): Justice for Sale?
Sponsor(s): American Future Fund
Air Dates: May 14-19, 2012
Total Estimated Spending On This Claim: $25,507 ($51,015 Total)
Markets: Charlotte, Colorado Springs, Flint, Ft. Meyers, Grand Rapids, Greensboro, Greenville (NC), Greenville (SC), Jacksonville, Las Vegas, Orlando, Raleigh, Tampa, Toledo, Wilmington, West Palm Beach
Factcheck.org Summary: The source is opensecrets.org – a website run by the nonpartisan Center for Responsive Politics, which provides analyses of campaign contributions. But AFF misuses the data. The actual amount from “Wall Street” is less than half that [$49 million]. In 2008, Obama received $15.8 million from executives working in the securities and investment industries, such as those at Goldman Sachs, and $3.4 million from commercial banks, which includes heavyweights such as Citigroup and J.P. Morgan Chase. Click here to read more