Donors Believe In Mitt Romney, Give $18.25 Million
Second quarter fundraising numbers are in for Mitt Romney; he raised a healthy, hefty…
$18.25 million:
Romney reports raising $18.25M in Q2
Republican Mitt Romney plans to report raising $18.25 million during the second quarter for his presidential campaign.
The former Massachusetts governor said in a statement today that he had raised that sum between April 1 and June 30, and still had $12.6 million on hand.
While he has yet to release the report due to the Federal Election Commission by mid-month, Romney’s statement said he had received donations from all 50 state and Washington, DC.
“Voters are responding to Mitt Romney’s message that President Obama’s policies have failed and that we need new leadership in Washington,” said Romney for President National Finance Chairman Spencer Zwick. “Our fund-raising for the second quarter represents the strong support Mitt Romney has across the country.”
Some reports on Romney’s numbers – compared to an equivalent period during his last presidential race – paint him as falling short. Kevin Madden, an informal adviser who served as spokesman in Romney’s 2008 campaign, explains:
It’s a challenging time to raise money, given the economy. This campaign season also got off to a much slower start for the candidates, as well as donors. But you are wrong that it’s “small potatoes.”
The total from 2007 included a personal donation. This total does not. It’s all money raised from donors and it’s also all primary money. The cash-on-hand total is also emblematic of a much more efficient operation than the one in 2007. The burn rate was higher back then.
Also, that $12.6 million cash-on-hand added to the $12 million being reported by a super PAC means that there’s a total reserve of around $25 million in the bank aimed at helping his primary bid. They are in a much stronger position financial position right now than the one we we found ourselves in when I was on the 2008 campaign.
The Wall Street Journal had this to say:
Mr. Romney’s campaign said all of the money raised was for the primary campaign from donors in all 50 states and the District of Columbia, meaning it is available for use now, not in the general election. The campaign has $12.6 million in cash on hand.
That dwarfs the $4 million figures already announced by former Minnesota Gov. Tim Pawlenty,former Utah Gov. Jon Huntsman and Texas Rep. Ron Paul, so far the closest rivals in the money race. In Mr. Huntsman’s case, about half came from his own deep pockets.
[...]
Still, Mr. Huntsman’s campaign tried to exploit what it saw as disappointing numbers after far larger goals were hyped by some Romney fund-raisers this spring, then walked back by campaign aides.
The Romney team has been straight about the Q2 numbers, saying for some time now that they expected The Gov’s totals to be between $15-20 million.
Newt Gingrich scraped up $2 million but his campaign is already in debt. Michele Bachmann will release her numbers on July 15th – the date when reports of campaign contributions and expenses over the past three months must be submitted to the Federal Elections Commission. Details on fundraising for other GOP candidates may be found here.
Obama is expected to bring in around $60 million for this quarter, but that isn’t an exact indicator of strength. Liberals are raising money for one candidate, whereas right now, GOP candidates are splitting the dough.
As it stands now (we await reports from Santorum and Bachmann), when the figures are all added up, Romney’s Q2 dollars are more than triple that of any one of his Republican competitors.
It’s imperative that each of us continue to budget in donations for Governor Romney.
(emphasis added to all referenced articles)
► Jayde Wyatt


























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