Blogger Andrew Sullivan reflects on a milestone:
Yes we did. The true dimension of the revolution that Obama realized in American politics is now quantified. This changes everything in every future campaign, and has just as much resonance for media and fundraising in general. I don’t believe that Obama would have ever been able to become president in the era before the Internet. And I don’t believe the implications of that have yet to fully sink in.
One question remains: if a candidate needs to raise this much money to run, is it really democracy for all?