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Friday, July 1, 2011

Romney’s campaign raises up to $20m

Wall Street Journal reports Romney has raised between 15 and 20 million dollars for his campaign and an additional 10 to 15 million dollars in his so-called super-pac, a political action committee that doesn't face the same restrictions on corporate or union contributions.

"Romney will absolutely be the top fundraiser for the Republicans," said Romney campaign supporter Kirk Jowers. "You will continue to see donors flood to the frontrunner and as long as Mitt has that status he'll be in good shape."

Former Utah governor Jon Huntsman seems to have a good head of steam. Though his campaign is not required to report numbers in the second quarter of 2011 because they announced ten days ago, they are indicating they've raised about four million dollars in that time.

During the last campaign, Romney started raising money in January 2007 and he took in $20.8 million from contributors and loaned himself $2.3 million in the first three months. By July 2007, he had raised $35 million and loaned himself $8.8 million.

Romney is not planning to inject any of his own money into the campaign at this stage, according to communications director Gail Gitcho.

Romney has been coy about whether he would tap his personal wealth during the campaign.

“That’s counsel I’m going to keep with Ann and myself, and that’s all,’’ he told reporters in May, referring to his wife. “So I can’t give you any more update than that.’’

The decision could be significant. During the 2008 presidential campaign, he used at least $42 million of his own funds.

A separate group - formed by Romney supporters but prohibited from coordinating with the campaign - is planning to report at least $10 million during this quarter, according to the Journal.

Romney campaign officials in recent days had declined requests from the Globe to detail his fund-raising figures, but released the range on-the-record to the Journal.

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