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Mitt Romney’s Money Problems

As noted earlier, he’s tapping his own money to bolster his campaign which is very strange this early in primary season. Some interesting bits from the NYT on flip flopping Mitt Romney’s cash issues:

The possibility of a drop-off also highlighted the potential risks of the strategy he pursued in the first quarter, when he relied on a relatively small base of wealthy donors who gave the maximum contribution of $2,300 for the primary. Mr. Romney had fewer than 33,000 donors in all, compared with Mr. McCain, for example, who had 50,000 donors, and Senator Barack Obama, Democrat of Illinois, who raised $25 million with more than 100,000 donors.

Romney gave his campaign $2.3 million in the first go-round (have any other campaigns donated to themselves? I don’t think so.) and then his “whales” gave him the rest, but at least for the primaries they’re tapped out whereas other campaigns – especially Obama – did not get the max for the primaries and can go back to those folks for a second round.

The article goes on to explain that Romney had another one of his all-day fund raising events, but the last time he raised $6.5 million – this time? $1.5 million. Romney has run a lot of ads already and if you look at the poll of polls he ain’t moving much.

I almost wonder if it’s too soon to start a Mitt Romney Drop Out watch?

(Does this mean Hugh Hewitt’s fluff job book “A Mormon In The White House?” will soon be sitting on the remaindered pile next to Hewitt’s plagiarist edited “Painting the Map Red: The Fight to Create a Permanent Republican Majority“? Because right now Mitt Romney in the White House is looking as likely as that Republican majority…)

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19 Responses to “Mitt Romney’s Money Problems”

  1. Hopefully Republicans will think this ’slanderous attack piece’ means your scared of Mitt Romney becoming the Republican presidential candidate.

  2. mdhåtter says:

    Romney would be a dream president…. from the perspective of a thus empowered congress.

    Empty Suit.

  3. Hopefully Republicans will think this ’slanderous attack piece’ means your scared of Mitt Romney becoming the Republican presidential candidate.

    Hell, I’ll admit to that. Man I hope he’s tanking. Romney is honestly the only GOP candidate I am remotely afraid of beating the Dems in 2008- Hillary included.

  4. Duros62 says:

    have any other campaigns donated to themselves? I don’t think so.

    Well, there was Kathleen Harris, right?

  5. Duros62 says:

    Oh no, that’s right, I forgot. She took money from her campaign to remodel her DC house.

  6. z adura says:

    I like Mitt. He’s an amiable, decent man. Far from an empty suit, he was the CEO of a very complex and competitive organization. It would be too bad really if he was unable to build any more momentum because the rest of the Republican field is a sorry lot.

  7. SaveFarris says:

    have any other campaigns donated to themselves?

    http://www.usatoday.com/news/nation/2003-12-18-finance-kerry-campaign_x.htmYes.

  8. Except that’s not exactly the same thing- Kerry loaned the campaign from personal funds, which isn’t the same as direct self-financing; under FEC law he was allowed to repay the debt (and did). I don’t think Romney, this early in the game, given that the statute has a time limit, is planning on repaying himself several million dollars. If he could raise that much that quickly, he wouldn’t have had to in the first place.

  9. eumi says:

    hmm, isn’t he winning in all the early primary states? I’d say his money isn’t completely failing him. (and i would never vote for him, btw)

  10. “Hell, I’ll admit to that. Man I hope he’s tanking. Romney is honestly the only GOP candidate I am remotely afraid of beating the Dems in 2008- Hillary included.”

    With Bloomberg in the picture, Romney vs. Clinton would result in Hilary winning more than 400 EC votes. She would win Texas. She would win Texas by 10 points.

  11. Wellstone says:

    Romney’s done.

    Haven’t you heard?

    All the Right’s support is now behind Fred, the K Street Kapers Kapitalist.

    An empty suit AND a film and TV star!! What could be better?

  12. Just for the record, if I was forced to select which one of the top four GOP candidates would be the least bad president, I would pick Romney. I think he’s more likely to win the nomination than Giuliani, too. I think Thompson’s the GOP’s best hope, but I think even Hillary would beat him in ‘08. Just my 2 cents.

  13. Diamond LeGrande says:

    I’m still not able to take Romney seriously. The man’s appeal is limited to
    Corner and Weekly Standard contributers, which is why he can raise money and not approval. In spite of it all, I still think Guiliani is the one to beat, and the one who could actually win the White House. The voters give more of a damn about Mormons than about corruption.

  14. Giuliani there’s bets hope.

    Giuliani / Obama / Bloomberg would give the GOP a massive win.

    Thompson / Obama / Bloomberg would be interesting, it depends on how fast a weakness can be found and how well the Dems exploit it.

    Thompson / Clinton / Bloomberg or
    Giuliani / Clinton / Bloomberg

    would be a safe victory for the Dems. 300+ EV votes.

  15. “Giuliani there’s bets hope.”

    That’s best hope.

    On a side note, McCain would do better than Romney. But no one’s talking about him anymore.

  16. I take back my faint praise for Romney. Anyone who could strap an Irish Wolfhound to the roof of his car before going on a family vacation is a heartless psychopath.

  17. Brent says:

    I don’t know why you Dems think that Blomberg would takes votes away from the Republicans in any place but New York. He is very liberal.

    Remember Ross took votes from conservatives to give Bill Clinton a win with a minority of total votes. Its just as likely that Bloomberg would takes votes away from Hillary.

  18. Brent says:

    I don’t know why you Dems think that Blomberg would takes votes away from the Republicans in any place but New York. He is very liberal.

    Remember Ross took votes from conservatives to give Bill Clinton a win with a minority of total votes. Its just as likely that Bloomberg would takes votes away from Hillary.

  19. Brent says:

    I don’t know why you Dems think that Blomberg would takes votes away from the Republicans in any place but New York. He is very liberal.

    Remember Ross took votes from conservatives to give Bill Clinton a win with a minority of total votes. Its just as likely that Bloomberg would takes votes away from Hillary.