Tammy Baldwin is raising more money than her corporate-friendly challenger, and she’s doing it all through the grassroots

Earlier today, we reported that bold progressive Elizabeth Warren has out-raised incumbent Sen. Scott Brown (R-MA) by over $4 million. And she’s doing it with the power of grassroots donors, as opposed to Brown, who is relying on the financial industry for his support.

Now, numbers are out in the Wisconsin Senate race and they show that fellow progressive Tammy Baldwin is leading her right-wing challenger Tommy Thompson:

Based on statements released by Republican Tommy Thompsonai??i??s and Democrat Tammy Baldwinai??i??s campaigns Monday, the congresswoman from Madison has the lead.

Baldwin raised $4.5 million from July 1 through Sept. 30 and had $3.4 million to spend at the beginning of October, according to her campaign. Thompson raised $3.6 million during the third quarter of 2012, with more than $2.2 million of it collected since he won the Aug. 14 Republican primary. He had nearly $2 million, his camp said, to begin the final push.

Let’s dig into the numbers a little bit. Baldwin’s top donors are the members of EMILY’s List. Thompson’s top donor is Centene Corporation, a medical firm where Thompson served as a board member. More than a quarter of his top twenty donors are health care corporations and pharmaceutical giants, while not a single health care profiteer ranks as a top donor to Baldwin.

Baldwin is winning the fundraising race by tapping the grassroots, while Thompson is calling on the very same donors who he worked for as Bush’s Health and Human Services Secretary, when he cut a sweetheart deal with Big Pharma that cost Americans $20 billion year.

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