Newsweek Blog Finally Decides to Debunk the Obama “Cash Cow” Myth (UPDATE 1X)

In his July 8th post, Andrew Romano of Newsweek finally sets out to dispel the myths about Obama’s fundraising prowess in his piece “Four Myths of Obama’s Money Machine.” He considers the following myths:

1. Obama Opted Out of Public Financing for Reasons of Principle

2. Obama Gets All—or Even the Vast Majority—of His Money from Small Donors

3. The Share of Obama’s Money That Comes From Small Donors Is Completely Unprecedented

4. Obama Won’t Receive Any Help from Outside Groups