That is a significant drop and would explain why Obama has curbed his criticism of Wall Street and announced his support of same-sex marriage an an effort to encourage more donations from gay supporters.
His announced support of same-sex marriage will likely boost his May fundraising, but has already damaged his support among critical swing-voting independents, according to polls.
According to a recent New York Times article citing a NYT/CBS Poll:
Most Americans suspect that President Obama was motivated by politics, not policy, when he declared his support for same-sex marriage, according to a poll released on Monday.
Sixty-seven percent of those surveyed by The New York Times and CBS News since the announcement said they thought that Mr. Obama had made it “mostly for political reasons”
Independents were more likely to attribute it to politics, with nearly half of Democrats agreeing.
The drop in donations to Obama's campaign also appear to coincide with an increase in support for Romney from Wall Street as portrayed in this recent article:
Donors tied to banking desert Obama for Romney
When the head of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving political backdrop: Donors from big banks are betting on Mitt Romney to defeat President Obama and repeal new restraints on risky, large-scale investments.
"There’s no doubt that there’s been a big diminution of support for the president,’’ said William M. Daley, Obama’s former chief of staff and a former top JPMorgan Chase executive. “People in the financial services sector are saying, ‘The president has been too tough on us, both in policy and on rhetoric."Read More Here: http://dailycaller.com/2012/05/16/obamas-donations-shrink-in-april/
Read More Here: http://www.lauraingraham.com/b/Donors-tied-to-banking-desert-Obama-for-Romney/362845527499405160.html
Read More Here: http://www.nytimes.com/2012/05/15/us/politics/poll-sees-obama-gay-marriage-support-motivated-by-politics.html?_r=1