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Fri Mar 9, 2012, 03:09 PM

Mitt Romney money machine calls in cavalry

This discussion thread was locked as off-topic by Tx4obama (a host of the Latest Breaking News forum).

Source: Politico

Mitt Romney’s money machine is sending a message to the Washington establishment: Help.

GOP operatives thought it would cost Romney about $50 million to secure the nomination, but coming off a bruising few months and with a slog still ahead, some say it could cost closer to $75 million.

Romney has put out a rallying cry to his supporters in Congress, asking them to kick in cash and get their best donors on board, too. He asked the 80 Republican lawmakers who have endorsed him to raise $10,000 each for a fundraiser at the end of the month in Washington. By law, they can personally contribute $2,000 from their reelection committees; the rest would need to come from their supporters.

The call for cash from new donors — including members of Congress and their friends, no less — suggests the campaign is trying to broaden its fundraising network and stave off donor fatigue. The end of the primary is just the beginning of a faceoff with President Barack Obama’s well-funded operation.

Bringing in reinforcements is particularly important, given Romney’s burn rate. In February, reports showed Romney spending cash more than twice as fast as he was raising it. The Romney presidential campaign and the super PAC supporting him brought in $13.1 million in January but spent $32.7 million that same month.


Read more: http://www.politico.com/news/stories/0312/73807.html



If someone if your office had a 50% cost over-run for a project, would you keep them on the job?

In all seriousness, this is what helped do in the Clinton campaign in 2008: they assumed they could win the nomination by Super Tuesday, didn't have enough money to slog through to June, and had maxed out their high dollar contributors without building a network of low-dollar supporters as well.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 03:16 PM

1. Citizen's United to the rescue!!

Fuck the conservatives on the Supreme Court

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 03:17 PM

2. Romney you are no Meg Whitman

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 03:18 PM

3. So does that make Frothy Barack Obama in that analogy?

He's hardly in the same league.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 03:18 PM

4. Romney is the Big Dig of politics.

.

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Response to blm (Reply #4)

Fri Mar 9, 2012, 04:06 PM

6. That's so great, I'll be stealing that for sure. n/t

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 03:37 PM

5. Hit the boys up for

$25 million from the $100 million trust fun he set up for them. After all, they didn't have to pay any tax on that free money.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 04:10 PM

7. While the Super PACs will help, he's going to struggle raising money on his own...

Which means less ground resources in major states and potentially less travel to those swing states. This is the big issue here. The Super PACs will saturate the airways with Romney ads and negative Obama ads, but when it comes to boots on the ground, the meat of the campaign, he's going to struggle mightily matching Obama's prowess.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 04:32 PM

8. Considering the potential billions in tax savings, $75mil ain't much

Seriously, this is chump change to us jet setters. But frankly, at this point, Obama's looking like a better investment anyway.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 06:19 PM

9. Romeny running to Washington for money

 

who could ever imagine?

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 06:40 PM

10. They'd pay up happily if they thought he had a significant chance against Obama

but few can see that happening now. Why spend money to win this and then lose the general? You can't call in favours from the loser.

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Response to brooklynite (Original post)

Fri Mar 9, 2012, 07:20 PM

11. Locking. This is an analysis/feature piece. Better suited for Politics2012, GD, etc. n/t

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