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Mitt Romney lays more than $35 million on table

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Election 2008
[What is this?]
Posted February 1, 2008 12:33 PM
The Swamp

by Mark Silva

Mitt Romney, who already had “loaned’’ his own presidential campaign $17.35 million through the end of September, “loaned’’ himself another $18 million in the fourth quarter of the year.

That makes $35.35 million that the multimillionaire, former governor of Massachusetts has “loaned’’ himself in his bid for the Republican Party’s presidential nomination though the end of 2007 -- without a disclosure yet of how much more he has invested so far this year.

Romney’s money is starting to account for most of the Romney campaign’s money, too. His total receipts for the quarter: $27 milllion. That includes the $18 million received from himself.

Total receipts for the campaign to date: $90 million, according to the Romney campaign. And more than one-third of that came from the former head of Bain Capital who has campaigned as a guy who knows something about economics.

This accounting, of course, falls short of reporting what was shelled out in Florida last month, where Romney outspent John McCain heavily in an ultimately losing bid for the GOP’s endorsement in the fourth-largest state. And it certainly does not disclose what Romney may be shelling out in California and elswhere for the campaign leading to Super Tuesday’s spree of primaries in the biggest states – and costliest TV markets of all.

The Romney campaign boasts that its donors number more than 119,000. But one of them is betting a lot of the family’s bank on this campaign.

“In the past month, Governor Romney's message of conservative change in Washington has resonated with people across this country,’’ the campaign said in announcing its finances for the end of the year. “ Governor Romney has won three states, placed a strong second in another three and had a strong showing in South Carolina.''

That’s quite a return on the dollar, or $35 million dollars.

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Comments

As a strong supporter of Gov. Huckabee, I have to take this opportunity to point out the difference between these two candidates and their results. Keep in mind that Romney has 59 delegates and Huckabee has 40. Allow me to quote Chad Stenzel: "...it's 4-0. That would be Mitt Romney's record in contested states where his father was not a 3-term governor. ... In South Carolina Mitt spent money like a drunken sailor and got doubled up by TWO competitors." Despite spending over $35 million of his money last year alone, Gov. Romney hasn't got a chance in the delegate-rich South. McCain draws support from veterans and conservatives who've been hammered by the media telling them that he will be the nominee. In contrast, Gov. Huckabee has run his campaign on an extremely tight budget and achieved surprisingly good results (first in Iowa, second in South Carolina). He is currently leading or tied in multiple Southern states. Gov. Huckabee has more hands-on governing (not legislating) experience than Sen. McCain or Gov. Romney, a stronger conservative record than Sen. McCain or Gov. Romney, and he's the one I'll be voting for.


"ROMNEY SPEAKS"

DON'T WORRY, WITH THAT STIMULUS PACKAGE THAT THE PRESIDENT IS DEMANDING, I STAND TO GET BACK 95% OF IT FROM THE IRS WITH THE TAX BREAKS HE IS GIVING TO THE RICHY RICH.

NO BIGGIE!


Not surprising to see Governor Romney dipping deeper into his personal bank account to fund his campaign---the smart money seems to be shifting quickly towards Senator McCain, which means that funding streams for Romney are drying up.

And clearly, Governor Romney's insistence that he is the so-called "real Republican" and/or "true conservative" has (to use a basketball analogy) been getting a lot of iron, but not a lot of net. Results in Florida proved that conservatives are quite skeptical about Romney's "conservative" claims---given his history as a left-of-center governor, given his campaign's underhanded treatment of the Christian conservative Governor Huckabee, and given the fact that his main backers are not the conservative wing of the GOP, but the Corporatist wing---Bush 41, Bush 43, Cheney, Halliburton, the Carlisle Group, and so forth.


Since he "loaned" the money to his campaign, does that mean he can write off the loss when this is over?


Here is the dirty BIG secret that Dick Morris, the Democtrats and libereal media don't want McCain and Huckabee supporters to understand:

1. a vote for Huckabee at this point in the race is a vote for McCain. Huckabee CANNOT win the primary and is almost out of money.

2. a vote for McCain in the Primary is a vote for Obama or Clinton in the general election. McCain CANNOT win the general election and he knows that wihtout the base of the party he like Dole before him will loose. The base will never support liberal McCain. Independants will flock to Obama.

For the reasons previuosly stated in this post, McCain who is hated by the Republican base will go down in flames in the general election. Anyone voting on super Tuesday and beyond who is considering McCain or Huckabee needs to think long and hard about who they are rally voting for. Do these folks prefer Obama or Clinton over Romney. If so my friends, you are playing right into the Democrat playbook to win the Whitehouse in '08.

ALL REPUBLICANS NEED TO FLOOD THE INTERNET WITH THIS MESSAGE, SAHRE AND DEBATE IT WITH MCCAIN AND HUCKABEE SUPPORTERS AND TAKE BACK OUR PARTY.........IT IS NOT TOO LATE.....AND WE CAN WIN THE WHITHOUSE IN '08


"by their fruit ye shall know them"
Look at Mitt Romney's marraige and his family.
This is a very very good man.


Wow! How much does the presidency pay: $450,000?

If I were a family member, I'd be pretty pissed that dad is squandering away money like that. Even if he wins, that's a lot of cash that isn't coming back - legally, anyway.

I realize that stock martkets around the world are in a flux, but there have to be better investments he could make. This undermines his whole premise that HE, more than McCain, knows how to manage money.


You McCain supporters make me laugh.

Romney made his money. McCain uses other's for his. Just ask his first wife.


I hope he spends it all before losing.

Then he can really feel like one of the 'people'.

Trouble is, guys like that cretin always have a loophole.

Not to many years ago my net worth was greater than Don Trump's, but when you got the grease, things go your way.


Here's the Loreal Lad gettin' down with the common people;

http://www.youtube.com/watch?v=0H8Nq7BglIg


It's the endorsements people give when they have more to lose than to gain by the endorsement that matter. Ingraham, AND ESPECIALLY HANNITY, have more to lose by endorsing Romney than to gain, since they know they risk alientating the probable winner and his supporters with the endorsement (McCain). It shows Hannity and Ingraham have beliefs that matter more than their personal interests, and it reaffirms to me that they are principled. This is also the reason that Crist and Swarzenegger's endorsements of McCain mean nothing. They're opportunistic. They were waiting to see how they could gain the most personally with their endorsements. Unlike most, I believe McCain is a sure loser in the general election -- perhaps the weakest candidate the GOP could run against a democrat, and I think it's bigotry that's secretly killing the GOP this election (of the religious variety).


"By their fruit you will know them"

Yes, Utah leads the nation, or is above average, in abortion,teen suicide,use and abuse of prescription drugs.
Romney is a nightmare and a product of a delusional society.


Maybe Patriotism is more important to Mitt Romney than piles of money. You can't take all that cash with you, and he's putting his money where his mouth and his heart is. The liberal money attacks coming from the left, i.e. McCain are just ludicrous. This man has made his money. Let him use it.

He's the best man for the job.
http://www.apoliticsnowblog.com/


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