national debt

Thursday, June 21, 2012

Mitt Romney Making History In The Fundraising Battle Against Obama

By Jared Allebest
Conservative Samizdat

Mitt Romney had a great day yesterday in raising a campaign record of money raised in a single day. He also continues to do well in raising funds for his campaign:
Republican presidential candidate Mitt Romney, since becoming his party’s presumptive nominee, is now taking in cash from donors who had backed his onetime rivals, campaign finance reports show.

The $23.4 million Romney raised last month included $634,495 from 225 contributors who earlier gave the maximum $2,500 to the presidential campaigns of former U.S. House Speaker Newt Gingrich, former U.S. Senator Rick Santorum, or Texas Governor Rick Perry, according to a computer-assisted analysis of Federal Election Commission data. Romney faces President Barack Obama in November.

In addition, casino executive Sheldon Adelson and his family, who had contributed $21.5 million to a political action committee supporting Gingrich, gave $10 million in June to a pro-Romney super-PAC, Restore Our Future. Texas businessman Robert Brockman, who earlier had given $50,000 to a pro-Perry super-PAC through one of his companies, gave $1 million through three other companies to the super-PAC supporting Romney, a former Massachusetts governor.

Mitt Romney is making history as he runs for President. He's the first LDS candidate to successfully become the official candidate of a major party. He's also making history of financing his campaign entirely on funds raised by private donors:

Several donors gave $5,000 to Romney, who became the first Republican since Richard Nixon in 1972 to raise private money for the general election. Following the Watergate break-in scandal that led to Nixon’s resignation in 1974, Congress offered public financing to candidates who agreed to forgo raising private money, and every major-party nominee except Obama in 2008 took the federal funds. This year both campaigns will be funded entirely with private money.

Romney entered June with $17 million in the bank, one-sixth of the $109.7 million amassed by Obama. That gap was narrowed as the Republican National Committee reported $60.8 million cash on hand, more than double the Democratic National Committee’s $29.7 million.

In May, the first full month since Romney was assured of winning the nomination, he received $7.1 million and the RNC $25.9 million from a joint fundraising committee. Obama brought in $8.7 million and the DNC $13.3 million from a similar fundraising apparatus, which allows donors give larger contributions at one time.

Mitt Romney is also making history as being the first candidate to have the ability to raise more money and outspend the incumbent President:

A senior Obama campaign strategist, briefing reporters on condition of anonymity, said earlier in the day that Romney would best his earlier total — and predicted that the Republican's hauls, plus unrestricted super-PAC cash, would mean "we're going to be the first incumbent outspent."The super-PAC phenomenon has been a recurring source of handwringing at Obama HQ in Chicago. Aides say they worry that those deep-pockets will unleash an unprecedented blitz of negative ads—and that comparable entities on the Democratic side lack the cash to counter effectively.

"I think [Romney's] going to have a $100 million month this month between he and the RNC," the strategist said. "I think you are going to see another huge month from him."

"Given Sen. Kerry outraised Bush two to one in the first couple of months after he won the nomination, I think Romney is going to continue to have big months. Combined with that with the super PAC stuff, we're going to be the first incumbent outspent," the strategist said.

Its clear that Romney is doing well when it comes to the battle of campaign financing between these two men. But the real winner is this game is the supporters of Mitt Romney, conservativism and the Republican party who are the ones helping Mitt make history as we open our wallets and donate to him. We must continue our efforts of making phone calls for him, donating for him and doing other things like blogging for Mitt, writing letters to your local newspaper and putting signs in your yard. All of your efforts, in whatever way you have contributed so far is helping. Keep up the good work everyone!

See more of Jared Allebest / Conservative Samizdat here......  http://conservativesamizdat.blogspot.com/

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